Quantum Blockchain Technologies Plc Rollover of Director's REPO

 
TIDMQBT 
 
16 December 2022 
 
                      Quantum Blockchain Technologies Plc 
                                ("the Company") 
 
                          Rollover of Director's REPO 
 
Following the Company's announcements dated 15 December 2021, 1 July 2022 and 
29 September 2022, regarding the Sale & Repurchase Agreement (the "REPO") 
entered into between the Company's CEO and Executive Chairman, Professor 
Francesco Gardin, and MC Strategies AG ("MCS"), the Company has been informed 
that Professor Gardin and MCS have agreed to amend the repurchase price and the 
repurchase date of the REPO as follows: 
 
  * The term of the REPO under which Professor Gardin is to repurchase 
    5,000,000 ordinary shares of 0.25p each in the Company ("Ordinary Shares") 
    has been extended to 31 March 2023. 
  * The repurchase price for the 5,000,000 Ordinary Shares has been amended to 
    3.1975p per share (representing a 5% yearly interest rate on the initial 
    purchase price of 3p). 
 
All other terms of the REPO remained unchanged. 
 
In addition to the 5,000,000 Ordinary Shares which are the subject of the REPO, 
Professor Gardin is currently the beneficial owner of further 29,284,149 
Ordinary Shares. The 29,284,149 remaining shares represent the 2.94% of the 
Company's total issued share capital. 
 
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:                             Francesco Gardin 
 
2.  Reason for the notification 
 
a)  Position/status:                  CEO and Executive Chairman 
 
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      Ordinary shares of 0.25p each 
    instrument, type of instrument:   ISIN: GB00B50P5B53 
    Identification code: 
 
b)  Nature of the transaction:        Extension of expiry date of repurchase 
                                      over 5,000,000 Ordinary Shares. 
 
c)  Price(s) and volume(s):           Price(s)        Volume(s) 
 
                                      3.1975p         5,000,000 
 
 
d)  Aggregated information:           Single transaction as in 4 c) above 
    Aggregated volume: 
    Price:                            Price(s)        Volume(s) 
 
                                      3.1975p         5,000,000 
 
e)  Date of the transaction:          14 December [CB1] 2022 
 
f)  Place of the transaction:         Outside of a trading venue 
 
  [CB1]Was this agreed yesterday 
 
 
 
END 
 
 

(END) Dow Jones Newswires

December 16, 2022 02:00 ET (07:00 GMT)