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Share Name Share Symbol Market Type Share ISIN Share Description
Online Blockchain Plc LSE:OBC London Ordinary Share GB0006601479 ORD 5P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -6.00 -10.34% 52.00 51.00 53.00 56.50 52.00 56.50 145,451 14:15:26
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Software & Computer Services 0.1 -0.2 -2.3 - 7

Online Blockchain PLC Issue of Equity

18/02/2021 3:05pm

UK Regulatory (RNS & others)


Online Blockchain (LSE:OBC)
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From Nov 2020 to Nov 2021

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TIDMOBC

RNS Number : 6273P

Online Blockchain PLC

18 February 2021

For immediate release

18 February 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, 161,518 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 36.8p per new ordinary share, for which subscription proceeds of GBP36,800 have been received; a warrant exercise notice to subscribe for 56,820 new ordinary shares at a price of 32p per new ordinary share, for which subscription proceeds of GBP18,182 have been received; and a further warrant exercise notice to subscribe for 4,698 new ordinary shares at a price of 40p per new ordinary share, for which subscription proceeds of GBP1,879 have been received. 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 24 February 2021 ("Admission").

Following the Admission of the 161,518 New Shares, the Company will have 14,311,709 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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(END) Dow Jones Newswires

February 18, 2021 10:05 ET (15:05 GMT)

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