Quantum Blockchain Technologies Plc Grant of Options

 
TIDMQBT 
 
20 December 2022 
 
                      Quantum Blockchain Technologies Plc 
                           ("QBT" or "the Company") 
 
    Grant of Options, PDMR Dealings and Extension of Consultancy Agreement 
 
The board of Quantum Blockchain Technologies (AIM: QBT) is pleased to inform 
shareholders that the Company has entered into a number of additional 
consultancy agreements with industry experts who are now part of the Company's 
research and development ("R&D") team. 
 
The Company has granted 37,500,000 options (the "Options") to certain 
consultants, members of the R&D team and in house staff, over new ordinary 
shares of 0.25 pence each in the Company ("Ordinary Shares") as follows: 
 
  * Options over 25,000,000 Ordinary Shares exercisable at 5 pence per new 
    Ordinary Share which are all immediately exercisable. 
 
Options Granted                    Exercise Period Ends 
 
7,500,000                          31/03/2023 
 
5,000,000                          22/05/2025 
5,000,000                          15/12/2024 
5,000,000                          06/06/2023 
2,500,000                          28/02/2023 
 
  * Options over 12,500,000 Ordinary Shares exercisable at 10 pence per new 
    Ordinary Share with exercise periods as shown below 
 
Options Granted                       Exercise Period Ends 
 
5,000,000                             30/06/2023 
5,000,000                             22/05/2025 
2,500,000                             15/12/2024 
 
Included in the above totals are: 
 
5,000,000 Options issued to the Company's Non-Executive Director Mr Peter 
Fuhrman, (as anticipated in the 12 September 2022 announcement), as follows: 
 
  * 2,500,000 exercisable at 5 pence at any time up to 15/12/2024, 
  * 2,500,000 exercisable at 10 pence at any time up to 15/12/2024, 
 
2,500,000 Options issued to Mr Mark Trafeli, the newly appointed Non-Executive 
Director, as follows: 
 
  * 2,500,000 exercisable at 5 pence at any time up to 15/12/2024, 
 
10,000,000 Options issued to the Company's cryptography expert specialising in 
cryptocurrency mining blockchain optimisations, whose 10,000,000 Options 
(initially announced on 2 June 2021) expired in June 2022, and whose contract 
has been extended, as follows: 
 
  * 5,000,000 Options exercisable at 5 pence at any time up to 22/05/2025, 
  * 5,000,000 Options exercisable at 10 pence between 06/05/2023 to 22/05/2025. 
 
The Company now has outstanding Options exercisable at 5 pence over 137,500,000 
Ordinary Shares and Options exercisable at 10 pence over 127,500,000 Ordinary 
Shares. Options expire between 2023 and 2026. 
 
The number of Options still available to be issued (as duly authorised at the 
General Meeting held on 6 May 2022) is 35,000,000. 
 
Francesco Gardin, CEO and Chairman of QBT, commented: "Our option-based reward 
policy, applied to all non-University key members of the R&D team is now in 
place.  While we have awarded new options to those consultants who were engaged 
this year by the Company, we have also extended the terms for some of the 
options which have previously been allocated, while increasing the exercise 
price of part of them. 
 
"The R&D team is very focused on its highly demanding challenge of improving 
the core SHA-256 performance, which the Bitcoin industry has been trying to 
address for the last ten years. Awarding options to the key researchers of our 
R&D team is not a further motivational element, but the acknowledgment of their 
contribution and the sharing of the large potential rewards." 
 
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. 
 
NOTIFICATION AND PUBLIC DISCLOSURE OF TRANSACTIONS BY PERSONS DISCHARGING 
MANAGERIAL RESPONSIBILITIES AND PERSONS CLOSELY ASSOCIATED WITH THEM: 
 
1.  Details of the person discharging managerial responsibilities/person 
    closely associated 
 
a)  Name:                                    A: Peter Fuhrman 
                                             B: Mark Trafeli 
 
2.  Reason for the notification 
 
a)  Position/status:                         A: Non-Executive Director 
                                             B: Non-Executive Director 
 
b)  Initial notification/Amendment:          Initial notification 
 
3.  Details of the issuer, emission allowance market participant, auction 
    platform, auctioneer or auction monitor 
 
a)  Name:                                    Quantum Blockchain Technologies 
                                             Plc 
 
b)  LEI:                                     213800FC5DEC582CRZ89 
 
4.  Details of the transaction(s): section to be repeated for (i) each type 
    of instrument; (ii) each type of transaction; (iii) each date; and (iv) 
    each place where transactions have been conducted. 
 
a)  Description of the financial instrument, Ordinary shares of 0.25p each or 
    type of instrument:                      rights to these 
    Identification code:                     ISIN: GB00B50P5B53 
 
b)  Nature of the transaction:               Grant of Options over Ordinary 
                                             Shares 
 
c)  Price(s) and volume(s):                  A: 
 
                                             Price(s)        Volume(s) 
 
                                             5p              2,500,000 
                                             10p             2,500,000 
 
                                             B: 
 
                                             Price(s)        Volume(s) 
 
                                             5p              2,500,000 
 
 
d)  Aggregated information:                  7,500,000 
    Aggregated volume: 
    Price:                                   Price(s)        Volume(s) 
 
                                             5p              5,000,000 
                                             10p             2,500,000 
 
e)  Date of the transaction:                 13 December 2022 
 
f)  Place of the transaction:                Outside of a trading venue 
 
 
 
END 
 
 

(END) Dow Jones Newswires

December 20, 2022 02:00 ET (07:00 GMT)