Online Blockchain PLC Issue of Equity (1127L)
January 08 2021 - 9:05AM
UK Regulatory
TIDMOBC
RNS Number : 1127L
Online Blockchain PLC
08 January 2021
For immediate release
8 January 2021
Online Blockchain PLC
("Online" or the "Company")
Issue of equity
The Board of Online Blockchain plc (LSE: OBC) announces that it
has today issued, in aggregate, 338,636 new ordinary shares ("New
Shares") pursuant to an exercise of warrants. The Company received
a warrant exercise notice to subscribe for 100,000 new ordinary
shares at a price of 22p per new ordinary share, for which
subscription proceeds of GBP22,000 have been received, and a
further warrant exercise notice to subscribe for 238,636 new
ordinary shares at a price of 32p per new ordinary share, for which
subscription proceeds of GBP76,364 have been received. The warrants
were issued pursuant to the placing as announced on 18 December
2020. The proceeds of the warrant exercise will be used for general
working capital purposes.
Application will be made for the New Shares, which will rank
pari passu with the existing Ordinary Shares, to be admitted to
trading on AIM and it is expected that this will take place on or
around 15 January 2021 ("Admission").
Following the Admission of the 338,636 New Shares, the Company
will have 10,819,165 Ordinary Shares in issue which will also
represent the total number of voting rights in the Company. The
above figure should 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 to their interest in, the
Company under the FCA's Disclosure and Transparency Rules.
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 (Joint Broker) +44 (0)203 0112 309
Monecor (London) Ltd (Joint Broker)
E lliot Hance +44 (0)207 392 1436
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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END
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January 08, 2021 09:05 ET (14:05 GMT)
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