Quantum Blockchain Technologies Plc Rollover of Director's REPO
July 01 2022 - 2:00AM
UK Regulatory
TIDMQBT
[01 July 2022]
Quantum Blockchain Technologies Plc
( "QBT" or "the Company")
Rollover of Director's REPO
Following the Company's announcement dated 15 December 2021 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 30 September 2022.
* The repurchase price for the 5,000,000 Ordinary Shares has been amended to
3.1125p 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 +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.
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)
3.1125p 5,000,000
d) Aggregated information: Single transaction as in 4 c)
Aggregated volume: above
Price:
Price(s) Volume(s)
3.1125p 5,000,000
e) Date of the transaction: 30 June 2022
f) Place of the transaction: Outside of a trading venue
END
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