1 June
2023
Quantum Blockchain Technologies
Plc
(“Quantum Blockchain Technologies”
or “the Company”)
Placing to Raise
£1,000,000
The board of Quantum Blockchain Technologies (AIM: QBT) is
pleased to announce that it has raised £1,000,000 (before expenses)
through the placing of 71,428,571 new ordinary shares of
0.25 pence each in the Company
(“Placing Shares”) at a price of 1.4
pence per Placing Share (the “Placing”).
The net proceeds of the Placing will allow the Company to
continue to progress its research and development programmes,
particularly the further development of its proprietary bitcoin
mining machine learning algorithms and software product release,
North America business development
activities, fund the progression of the Sipiem in Liquidazione
S.r.l’s response to the defendants’ appeal and provide general
working capital.
Francesco
Gardin, Executive Chairman and CEO of QBT, commented:
“We are pleased to have performed this placing, which secures
the funds to continue implementing the development of the Company’s
cutting edge proprietary technologies ”
Admission & Total Voting
Rights
Application will be made for the 71,428,571 Placing Shares to be
admitted to trading on AIM with admission expected to occur on or
around 6 June 2023. The Placing
Shares will rank pari passu with the Company’s existing Ordinary
Shares.
Following admission of the Placing Shares, the Company’s
enlarged issued share capital will comprise 1,068,980,422 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.
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.
-ends-
For further information please
contact:
Quantum Blockchain Technologies
Plc
+39 335 296573
Francesco Gardin, CEO and
Executive Chairman
SP Angel Corporate Finance (Nominated Adviser &
Broker) +44 (0) 20
3470 0470
Jeff Keating, Kasia Brzozowska
Leander (Financial
PR)
+44 (0) 7795 168 157
Christian Taylor-Wilkinson
About Quantum Blockchain Technologies
Plc
QBT (AIM: QBT) is a London Stock Exchange AIM listed Research
& Development and investing company focused on an intensive
R&D programme to disrupt the Blockchain Technologies sector
and, which includes, cryptocurrency mining and other advanced
blockchain applications. The primary goal of the R&D programme
is to develop Bitcoin mining tools and techniques, via its
technology-driven approach, which the Company believes will
significantly outperform existing market practices.