Online Blockchain PLC Stmnt re Share Price Movement (3996U)
July 29 2020 - 2:00AM
UK Regulatory
TIDMOBC
RNS Number : 3996U
Online Blockchain PLC
29 July 2020
For immediate release
29 July 2020
Online Blockchain PLC
("Online" or the "Company")
Share price movement
The Board of Online Blockchain plc (LSE: OBC) notes the recent
rise in the Company's share price and trading volumes.
Online develops new blockchain-based products, all of which, as
previously reported, remain in the early stages of development. The
most recent product launched for beta testing on 27 July 2020 is
PTC.Network , an advertising network that distributes
advertisements through PTC ("Paid-to-Click") advertising websites.
Initial traffic to the site has amounted in total to 87,832 unique
user visits. Shareholders should note that the development of
PTC.Network is only at the initial beta testing stage of
development and therefore it is too early to determine how longer
term traffic (and in time sales) may develop.
There have been no other corporate developments since the
publication of the interim results on 25 March 2020. Further
updates will be provided as and when appropriate in due course.
A copy of this announcement is available on the Company's
website at: www.onlineblockchain.io .
The information contained within this announcement is deemed to
constitute inside information as stipulated under the Market Abuse
Regulations (EU) No. 596/2014. The person who arranged for the
release of this announcement on behalf of the Company was Clement
Chambers, Director.
Enquiries:
For further information please contact:
Online Blockchain PLC
Clement Chambers +44 20 3868 670203
Beaumont Cornish Limited (Nominated Adviser)
www.beaumontcornish.com +44 (0) 207 628 3396
Roland Cornish/Michael Cornish
Throgmorton Street Capital (Broker) +44 (0)203 0112 309
Cassiopeia Ltd (Investor Relations) stefania@cassiopeia-ltd.com
Stefania Barbaglio
About Online Blockchain plc (LSE: OBC)
Online Blockchain ( www.onlineblockchain.io ) is a UK-based
incubator and developer of businesses in internet and
information-based technologies, including developers,
administrators and custodians of blockchains and cryptocurrencies.
The Company created ADVFN www.advfn.com and has a holding of 17.98%
in ADVFN plc.
Online Blockchain plc continues to consider new related
opportunities and particularly crypto currencies and
blockchain-based opportunities including incubating cryptocurrency
start-ups and developing technical innovation in the blockchain
space.
Glossary
"blockchain" is a distributed public digital ledger in which
transactions are recorded chronologically
"cryptocurrency" is a digital currency in which encryption
techniques are used to regulate the generation of units of currency
and verify the transfer of funds, operating independently of any
central bank
ENDS
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London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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