29 October
2021
Quantum Blockchain Technologies
Plc
(“QBT” or “the Company”)
Exercise of
17.5m Warrants at 2p
The board of Quantum Blockchain Technologies (AIM: QBT) wishes
to inform shareholders that it has today issued 17,500,000 ordinary
shares of 0.25 pence each (“Warrant
Exercise Shares”) at a price of 2
pence per share, following the exercise of 17,500,000
warrants of the 100,000,000 warrants granted to Mr John Story in relation to the £1m placing
announced on 22 February 2022.
The proceeds, amounting to £350,000 (before expenses), will
increase QBT’s working capital designated for the Research and
Development (“R&D”) programme.
Application will be made for the 17,500,000 Warrant Exercise
Shares, which will rank pari passu with the existing ordinary
shares of 0.25 pence each in the
Company (“Ordinary Shares”) to be admitted to trading on AIM
(“Admission”). It is expected that Admission will become effective,
and dealings will commence at 8:00
a.m. on or around 4 November
2021.
Following admission of the Warrant Exercise Shares, the
Company’s total issued share capital will comprise 915,051,851
ordinary shares of 0.25 pence each.
This figure may 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 in their interest in, the
share capital of the Company under the FCA’s Disclosure and
Transparency Rules.
Market Abuse Regulation (MAR)
Disclosure
This announcement contains inside
information for the purposes of Article 7 of the Market Abuse
Regulation (EU) 596/2014 as it forms part of UK domestic law by
virtue of the European Union (Withdrawal) Act 2018 ("MAR"), and is
disclosed in accordance with the Company's obligations under
Article 17 of MAR.
For further information please
contact:
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.