Blockchain Worldwide PLC Change of investment strategy & company name (4522C)

TIDMBLOC

RNS Number : 4522C

Blockchain Worldwide PLC

22 January 2018

Stapleton Capital plc

("Stapleton" or the "Company")

Change of investment strategy

Name change to Blockchain Worldwide plc

Stapleton Capital PLC (LSE: STC), a company originally formed to acquire a company or business in the telecoms sector, announces that the Directors have identified a number of blockchain technology investment opportunities in recent months.

Blockchain is a digital networked database system of ledgers that can record almost any type of data or transaction. The system is continually reconciled and, as information is stored in multiple locations, it is public and easily verifiable. Currently blockchain's mainstream use is as the basis for digital currency, however it has applications across multiple other industries such as data, banking, gaming, and communications. It is within these industries and applications, among others, where the Directors believe the technology has the potential to cause major disruption and that they will focus the Company's resources.

As a result, the Board has decided to change the scope of Stapleton's investment criteria to consider acquisitions within the blockchain technology industry. Any acquisition could now be substantially larger than the original size of deal contemplated when Stapleton floated.

To reflect the change in scope of the Company's investment strategy, the Board has also approved a change of name of the Company to Blockchain Worldwide plc, which took place on 19 January 2018.

The Company will trade under the new ticker code BLOC with effect from today.

Chairman Jon Hale, commented: "We have seen a number of very exciting blockchain opportunities in recent months and believe the underlying technology has the potential to disrupt many industries around the world.

"This change in strategy, and name to change to reflect this, could generate significant shareholder value if we are able to acquire one or more of these fascinating nascent technologies"

Enquiries:

 
 Stapleton Capital                       www.stapletoncapital.co.uk 
  PLC 
 Rodger Sargent                                     via Walbrook PR 
 
 
 Walbrook PR Ltd     Tel: [phone] or [e-mail] 
 Paul McManus /                     Mob: [phone] / Mob: 07884 
  Sam Allen                                                 664 686 
 

This information is provided by RNS

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January 22, 2018 02:00 ET (07:00 GMT)