7 July
2023
Quantum Blockchain Technologies
Plc
(“the Company”)
2020 Bond -
Partial Conversion into Company’s Shares
The board of Quantum Blockchain Technologies Plc (AIM: QBT) is
pleased to announce that, with regards to its Zero-Coupon Bond
(“Bond”), originally announced on 9 November
2020, the Company has received a conversion notice from MC
Strategies AG to convert €1 million of the Bond into new ordinary
shares of 0.25 pence each in the
Company (“New Shares”) at a conversion price of 1 pence per share (EUR:GBP exchange rate of 0.89
– fixed per terms and conditions of the Bond).
As a result, the Company has issued and allotted 89,000,000 New
Shares. Following the conversion, the face value of the remaining
Bond has decreased to €2,493,575.
Admission & Total Voting
Rights
Application will be made for the 89,000,000 New Shares to be
admitted to trading on AIM with admission expected to occur on or
around 14 July 2023 (“Admission”).
The New Shares will rank pari passu with the Company’s existing
Ordinary Shares. Following Admission, the Company’s enlarged issued
share capital will comprise 1,157,980,422 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.
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
+39 335 296573
SP Angel Corporate Finance (Nominated Adviser &
Broker)
Jeff Keating
+44 (0)20 3470 0470
Kasia Brzozowska
Leander (Financial PR)
Christian Taylor-Wilkinson
+44 (0) 7795 168 157
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.