Quantum Blockchain Technologies Plc - Extension of Zero Coupon Bond

9 January 2024

 

Quantum Blockchain Technologies Plc
( “QBT” or “the Company”)

 

 

€3.5m Zero-Coupon Bond - Maturity Extension and amendment of YTM

 

Quantum Blockchain Technologies (AIM: QBT) announces that the Company has agreed with MC Strategy S.A. (an Eufingest S.A. demerged Company), the sole Bondholder of the Company’s €3.5m Zero-Coupon Bond (“Bond”) issued in 2020 (as initially announced on 9 November 2020) and then partially converted into QBT new ordinary shares for €1m on 7 July 2023, to extend the maturity of the Bond from 15 December 2024 to 15 December 2026.

 

At the same time QBT and MC Strategy S.A. agreed to change the yield to maturity from 1% to 3%.

 

All other terms of the New Bond remain unchanged.

 

The face value of the remaining Bond is €2,708,170.

 

-ends-

 

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   [phone]
Kasia Brzozowska

 

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.

 

---

---

Copyright y 09 PR Newswire