31 March
2021
Quantum Blockchain Technologies
Plc
(“QBT” or “the Company”)
Exercise of
Warrants
The board of Quantum Blockchain Technologies (AIM: QBT) notifies
that it has today issued 17,500,000 new ordinary shares of
0.25 pence each (“Warrant Exercise
Shares”) at a price of 2 pence per
share, following the exercise of 17,500,000 warrants of the
100,000,000 warrants granted to Mr John
Story and issued as part of the placing announced on
22 February 2021 (“February
Placing”). Following this exercise, Mr Story has exercised all the
100,000,000 issued to him as part of the February Placing.
The proceeds, amounting to £350,000 (before expenses), will
further increase QBT’s working capital designated for its Research
and Development (“R&D”) programme.
Application will be made for the 17,500,000 Warrant Exercise
Shares, which will rank pari passu with the existing ordinary
shares in the Company (“Ordinary Shares”) to be admitted to trading
on AIM (“Admission”). It is expected that Admission will become
effective, and dealings will commence at 8:00 a.m. on or around 6
April 2022.
Following Admission of the Warrant Exercise Shares, the
Company’s total issued share capital will comprise 997,551,851
ordinary shares of 0.25 pence each.
This figure may be used by shareholders as the denominator for the
calculations by which they will determine if they are required to
notify their interest in, or a change in their interest in, the
share capital of the Company under the FCA’s Disclosure and
Transparency Rules.
Market Abuse Regulation (MAR)
Disclosure
This announcement contains inside
information for the purposes of Article 7 of the Market Abuse
Regulation (EU) 596/2014 as it forms part of UK domestic law by
virtue of the European Union (Withdrawal) Act 2018 ("MAR"), and is
disclosed in accordance with the Company's obligations under
Article 17 of MAR.
For further information please
contact:
Quantum Blockchain Technologies Plc
Francesco Gardin, CEO and Executive
Chairman
+39 335 296573
SP Angel Corporate Finance (Nominated Adviser &
Broker)
Jeff Keating
+44
(0)20 3470 0470
Leander (Financial PR)
Christian
Taylor-Wilkinson
+44 (0) 7795 168 157
About Quantum Blockchain Technologies
Plc
QBT (AIM: QBT) is an AIM listed investment company which has
recently realigned its strategic focus to technology related
investments, with special regard to Quantum computing, Blockchain,
Cryptocurrencies and AI sectors. The Company has commenced an
aggressive R&D and investment programme in the dynamic world of
Blockchain Technology, which includes cryptocurrency mining and
other advanced blockchain applications.