Quantum Blockchain Technologies Plc Exercise of Warrants
March 31 2022 - 2:00AM
UK Regulatory
TIDMQBT
31 March 2021
Quantum Blockchain Technologies Plc
("QBT" or "the Company")
Exercise of Warrants
The board of Quantum Blockchain Technologies (AIM: QBT) notifies that it has
today issued 17,500,000 new 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 and
issued as part of the placing announced on 22 February 2021 ("February
Placing"). Following this exercise, Mr Story has exercised all the 100,000,000
issued to him as part of the February Placing.
The proceeds, amounting to £350,000 (before expenses), will further increase
QBT's working capital designated for its 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 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 6 April 2022.
Following Admission of the Warrant Exercise Shares, the Company's total issued
share capital will comprise 997,551,851 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.
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