TIDMOBC

RNS Number : 8182M

Online Blockchain PLC

02 May 2018

For immediate release

2 May 2018

Online Blockchain PLC

("Online" or the "Company")

Director / PDMR shareholding

Issue of options and warrants

The Company announces that on 1 May 2018, the board of directors of Online agreed to award 50,000 options over new ordinary shares to William Louden, a director of the Company. The options vest in full with effect from 31 May 2018 and have an exercise price of 48.5 pence per new ordinary share, being the London closing mid-market price as at 1 May 2018, and must be exercised on or before 1 September 2022. The option award represents approximately 0.58% of the current issued share capital of 8,662,348 ordinary shares.

In addition, the board of directors of Online has agreed to award in aggregate 200,000 warrants over new ordinary shares to consultants and advisers to the Company. The warrants vest in full with effect from 31 October 2018 and have an exercise price of 48.5 pence per new ordinary share and must be exercised on or before 31 October 2022.

Accordingly, the Company makes the following announcement notification in accordance with Article 19 of the EU Market Abuse Regulation No. 596/2014:

 
 
 1     Details of the person discharging managerial responsibilities 
        / person closely associated 
 a)    Name                                   William Louden 
      -------------------------------------  -------------------------------------------- 
 2     Reason for the notification 
      ----------------------------------------------------------------------------------- 
 a)    Position/status                        Non-executive Director 
      -------------------------------------  -------------------------------------------- 
 b)    Initial notification/Amendment         Initial Notification 
      -------------------------------------  -------------------------------------------- 
 3     Details of the issuer, emission allowance market participant, 
        auction platform, auctioneer or auction monitor 
      ----------------------------------------------------------------------------------- 
 a)    Name                                   Online Blockchain plc 
      -------------------------------------  -------------------------------------------- 
 b)    LEI                                    213800EYT2IXOZHDQC16 
      -------------------------------------  -------------------------------------------- 
 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           Options over ordinary shares of 
        instrument, type of instrument.        5 pence each 
 
        Identification code 
                                               GB0006601479 
      -------------------------------------  -------------------------------------------- 
 b)    Nature of transaction                  Award of options to subscribe for 
                                               Ordinary Shares 
      -------------------------------------  -------------------------------------------- 
 c)    Price(s) and volume(s)                 Exercise Price(s)       Volume(s) 
      -------------------------------------  ----------------------  -------------------- 
                                         48.5 pence                   50,000 
 -------------------------------------  ----------------------       -------------------- 
 d)    Aggregated information                 See 4(c) above 
        - Aggregated volume 
        - Price 
      -------------------------------------  -------------------------------------------- 
 e)    Date of the transaction                1 May 2018 
      -------------------------------------  -------------------------------------------- 
 f)    Place of the transaction               Outside a trading venue 
      -------------------------------------  --------------------------------------------

A copy of this announcement is available on the Company's website, at www.onlineblockchain.io

Enquiries:

For further information please contact:

 
 
 Online Blockchain PLC 
  Clement Chambers                        +44 (0) 207 070 0909 
 
 Beaumont Cornish Limited (Nominated 
  Adviser) 
  www.beaumontcornish.com 
 Roland Cornish/Michael Cornish         +44 (0) 207 628 3396 
 Smaller Company Capital Limited 
  (Broker)                              +44 (0) 203 651 2910 
 Jeremy Woodgate 
 Cassiopeia Ltd (Investor Relations)    stefania@cassiopeia-ltd.com 
  Stefania Barbaglio

ENDS

This information is provided by RNS

The company news service from the London Stock Exchange

END

DSHSSUESFFASEFI

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May 02, 2018 02:00 ET (06:00 GMT)

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