Quantum Blockchain Technologies Plc - Rollover of REPO
24 January 2025 - 8:21PM
UK Regulatory
Quantum Blockchain Technologies Plc -
Rollover of REPO
PR Newswire
LONDON, United Kingdom, January 24
24 January 2025
Quantum
Blockchain
Technologies
Plc
(”QBT”
or
”the
Company”)
Rollover
of
Director’s
REPO
Following
previous announcements made by the Company regarding the rollover
of the Sale & Repurchase Agreement (the “REPO”) entered into
between the Company’s CEO and Executive Chairman, Professor
Francesco Gardin, and MC Strategies
AG (“MCS”), the Company has been informed that Professor Gardin and
MCS have agreed to amend the repurchase price and the repurchase
date of the REPO as follows:
-
The
term of the REPO under which Professor Gardin is to repurchase
5,000,000 ordinary shares of
0.25p
each
in
the
Company
(“Ordinary
Shares”)
has
been
extended
to
30 June 2025.
-
The
repurchase price for the 5,000,000 Ordinary Shares has been amended
from 3.483p to 3.568p per share (representing a 5% yearly interest
rate on the initial purchase price of 3p). All other terms of the
REPO remain unchanged.
In
addition to the 5,000,000 Ordinary Shares which are the subject of
the REPO, Professor Gardin is currently the beneficial owner of
further 29,284,149 Ordinary Shares. The 29,284,149 remaining shares
will represent the 2.00% of the Company’s total issued share
capital on admission to trading of the Ordinary Shares on AIM
issued pursuant to the placing as announced on 23 January 2025.
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.
NOTIFICATION
AND
PUBLIC
DISCLOSURE
OF
TRANSACTIONS
BY
PERSONS
DISCHARGING MANAGERIAL RESPONSIBILITIES AND PERSONS CLOSELY
ASSOCIATED WITH THEM:
1.
|
Details
of
the
person
discharging managerial
responsibilities/person
closely
associated
|
a)
|
Name:
|
Francesco
Gardin
|
2.
|
Reason
for
the
notification
|
a)
|
Position/status:
|
CEO
and
Executive
Chairman
|
b)
|
Initial
notification/Amendment:
|
Initial
notification
|
3.
|
Details
of
the
issuer,
emission
allowance
market
participant,
auction
platform,
auctioneer
or auction monitor
|
a)
|
Name:
|
Quantum
Blockchain
Technologies
Plc
|
b)
|
LEI:
|
213800FC5DEC582CRZ89
|
4.
|
Details
of
the
transaction(s):
section
to
be
repeated
for
(i)
each
type
of
instrument;
(ii)
each type of transaction; (iii) each date; and (iv)
each place where transactions have been
conducted.
|
a)
|
Description of the financial
instrument,
type
of
instrument:
Identification code:
|
Ordinary
shares
of
0.25p
each ISIN: GB00B50P5B53
|
b)
|
Nature
of
the
transaction:
|
Extension
of
expiry
date
of
repurchase
over
5,000,000 Ordinary Shares.
|
c)
|
Price(s)
and
volume(s):
|
Price(s) Volume(s)
3.568p 5,000,000
|
d)
|
Aggregated
information:
Aggregated volume:
Price:
|
Single
transaction
as
in
4
c)
above
Price(s) Volume(s)
3.568 5,000,000
|
e)
|
Date
of
the
transaction:
|
31 December 2024
|
f)
|
Place
of
the
transaction:
|
Outside
of
a
trading
venue
|
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