Quantum Blockchain Technologies Plc Partial Bond Conversion
07 July 2023 - 4:00PM
UK Regulatory
TIDMQBT
7 July 2023
Quantum Blockchain Technologies Plc
("the Company")
2020 Bond - Partial Conversion into Company's Shares
The board of Quantum Blockchain Technologies Plc (AIM: QBT) is pleased to
announce that, with regards to its Zero-Coupon Bond ("Bond"), originally
announced on 9 November 2020, the Company has received a conversion notice from
MC Strategies AG to convert ?1 million of the Bond into new ordinary shares of
0.25 pence each in the Company ("New Shares") at a conversion price of 1 pence
per share (EUR:GBP exchange rate of 0.89 - fixed per terms and conditions of
the Bond).
As a result, the Company has issued and allotted 89,000,000 New Shares.
Following the conversion, the face value of the remaining Bond has decreased to
?2,493,575.
Admission & Total Voting Rights
Application will be made for the 89,000,000 New Shares to be admitted to
trading on AIM with admission expected to occur on or around 14 July 2023
("Admission"). The New Shares will rank pari passu with the Company's existing
Ordinary Shares. Following Admission, the Company's enlarged issued share
capital will comprise 1,157,980,422 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.
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
Kasia Brzozowska
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.
END
(END) Dow Jones Newswires
July 07, 2023 02:00 ET (06:00 GMT)
Quantum Blockchain Techn... (LSE:QBT)
Historical Stock Chart
From Apr 2024 to May 2024
Quantum Blockchain Techn... (LSE:QBT)
Historical Stock Chart
From May 2023 to May 2024