14 March
2024
Quantum Exponential Group
plc
(the 'Company' or
'Quantum Exponential')
Adjournment of GM
Quantum Exponential Group plc (AQUIS: QBIT), a
company focused on investing in quantum technology, announces that
further to the announcement of 26 February 2024 the Directors have
received an approach from an investor group ("the Investors")
interested in making a substantial investment in the Company,
subject to the proposed withdrawal from the AQSE Growth Market not
proceeding. The Directors therefore believe it is in the best
of interests of all shareholders to enter into discussions with the
Investors to fully understand and explore this potential
opportunity.
Whilst there can be no certainty as to the
outcome of these discussions, the Directors propose that the
General Meeting ("GM") to be held on 15 March 2024 at 10:00 a.m.,
at the offices of Fladgate LLP, 16 Great Queen Street, London, WC2B
5DG United Kingdom, should be adjourned until 10:00am on 3 April
2024 at the same venue. Consequently the only business at the
GM on 15 March 2024 will be the adjournment of the
meeting.
As a result of the intended adjournment, trading
in the Company's Shares will not now cease at 7:00 a.m., UK time,
on 25 March 2024 and further updates will be made in due course
following the discussions with the Investors.
This announcement contains information that,
prior to its disclosure, was inside information as stipulated under
Regulation 11 of the Market Abuse (Amendment) (EU Exit) Regulations
2019/310 (as amended).
The Directors take responsibility for this
announcement.
**ENDS**
For more information, visit the Company's
website: www.quantumexp.co.uk or contact:
Steven Metcalfe, Chief Executive Officer
|
c/o quantum@stbridespartners.co.uk
|
Novum
Securities (AQSE Corporate Adviser)
David Coffman, George
Duxberry
|
Tel: +44 (0)20 7399
9400
|
VSA
Capital (AQSE Corporate Broker)
Peter Mattsson, Simon
Barton
|
Tel: +44 (0)203 005 5000
|
St
Brides Partners Limited (Financial PR)
Ana Ribeiro, Isabelle
Morris
|
quantum@stbridespartners.co.uk
|
About Quantum
Exponential Group plc
Quantum Exponential is a first of its kind, AQSE
Growth Market Enterprise Company, focused on opportunities in
quantum technology and the wider quantum computing sector, with an
advisory board made up of industry advisors, entrepreneurs, and
technology investment professionals with broad access to quantum
opportunities and markets. Quantum Exponential's investment
strategy is to assemble a portfolio of minority investments in
early-stage global quantum technology companies, primarily in NATO
allied countries, offering institutional and private investors
access to revolutionising technologies and industries in the realms
of artificial intelligence, manufacturing and
healthcare.
Quantum Exponential trades on Aquis Growth
Market under the ticker symbol "QBIT".