Quantum Blockchain Technologies Plc Exercise of Warrants

 
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                                          [phone] 
 
SP Angel Corporate Finance (Nominated Adviser & Broker) 
Jeff Keating 
                                                                                          +44 
(0)20 3470 0470 
 
Leander (Financial PR) 
Christian 
Taylor-Wilkinson 
[phone] 
 
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. 
 
 
 
END 
 
 

(END) Dow Jones Newswires

March 31, 2022 02:00 ET (06:00 GMT)