Quantum Exponential Group PLC Establishment of Employee Benefit Trust (9087N)

TIDMQBIT

RNS Number : 9087N

Quantum Exponential Group PLC

07 June 2022

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN OR INTO OR FROM THE UNITED STATES, AUSTRALIA, CANADA, JAPAN, OR SOUTH AFRICA OR ANY OTHER JURISDICTION WHERE IT IS UNLAWFUL TO DISTRIBUTE THIS ANNOUNCEMENT.

7 June 2022

Quantum Exponential Group plc

(the 'Company' or 'Quantum Exponential')

Establishment of Employee Benefit Trust

Quantum Exponential Group plc (AQUIS: QBIT), a company focused on investing in quantum technology, is pleased to announce that it has established an Employee Benefit Trust (the "EBT") for the benefit of current and future employees. It is intended that the EBT will purchase existing ordinary shares in the Company in order to satisfy obligations arising from share and option awards granted to employees over time.

This announcement contains information which, prior to its disclosure, was inside information as stipulated under Regulation 11 of the Market Abuse (Amendment) (EU Exit) Regulations 2019/310 (as amended).

The Directors take responsibility for this announcement.

**ENDS**

For more information, visit the Company's website: www.quantum-exponential.co.uk

For further information please contact:

   Steven Metcalfe, Chief Executive Officer   c/o             +44 (0)207 236 1177

Novum Securities (AQSE Corporate Adviser)

   David Coffman, Lucy Bowden                                     Tel: +44 (0)20 7399 9400 
   Oberon Capital (Broker)                                                 Tel: +44 (0)20 3179 5344

Mike Seabrook, Chris Crawford

St Brides Partners Limited (Financial PR)

   Catherine Leftley, Ana Ribeiro, Isabelle Morris    Tel: +44 (0)207 236 1177

Notes to Editors

About Quantum Exponential Group plc

Quantum Exponential is a first of its kind, AQSE Growth Market SPAC, focused on opportunities in quantum technology and the wider quantum computing sector, with an advisory board made up of industry advisors, entrepreneurs, and technology investment professionals with broad access to quantum opportunities and markets. Quantum Exponential's investment strategy is to assemble a portfolio of minority investments in early-stage global quantum technology companies, primarily in NATO allied countries, offering institutional and private investors access to revolutionising technologies and industries in the realms of artificial intelligence, manufacturing and healthcare.

Quantum Exponential trades on AQSE Growth Market under the ticker symbol "QBIT'.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

END

NEXEANKKEENAEFA

(END) Dow Jones Newswires

June 07, 2022 02:01 ET (06:01 GMT)

Quantum Exponential (AQSE:QBIT)
Historical Stock Chart
From Jun 2024 to Jul 2024