KR1 plc Appointment of Non-executive Director
April 01 2022 - 6:23AM
UK Regulatory
TIDMKR1
1 April 2022
KR1 PLC
("KR1" or the "Company")
Appointment of Non-executive Director
KR1 plc (KR1:AQSE), a leading digital asset investment company, is pleased to
announce that Aeron Buchanan has been appointed as a Non-executive Director of
the Company with effect from today.
Aeron Buchanan is the Vice President of the Web3 Foundation. After gaining a
doctorate from Oxford University, Aeron was involved in several start-ups
before joining the Ethereum Foundation soon after it was founded; he went on to
be Head of European Operations. He then left to start Parity Technologies,
working on the Polkadot protocol alongside Gavin Wood, before helping set up
the Web3 Foundation.
Aeron was an early supporter of KR1, having joined as a shareholder in the
second year of operations, and is currently interested in 400,000 ordinary
shares of 0.19p each in the Company ("Ordinary Shares"), representing 0.26% of
the Company's issued share capital. With Aeron now joining the board, he will
be granted options to subscribe for 145,631 Ordinary Shares at a price of 103p
per share, being the closing share price on the day prior to his appointment.
These options will only be exercisable in the event that certain future
milestones are achieved by the Company.
Aeron Buchanan, Non-Executive Director of KR1, commented: "I am continually
impressed with the adaptability of the KR1 team, their knowledge and insights
into the changing landscape of the decentralised web."
George McDonaugh, Managing Director and Co-Founder of KR1, commented: "Adding
Aeron to our board is a huge step for the Company, as we will be gaining the
expertise of one of the true pioneers in the space. KR1 is at the forefront of
investing into the Web3 ecosystem and with Aeron alongside we can further
strengthen our role in supporting the very best teams and technologies that the
Web3 world has to offer."
The Directors of KR1 plc accept responsibility for this announcement.
--ENDS--
For further information please contact:
KR1 PLC +44 (0)1624 630 630
George McDonaugh
Keld van Schreven
Peterhouse Capital Limited (AQSE Corporate +44 (0)20 7469 0930
Adviser)
Mark Anwyl
FTI Consulting LLP (PR Adviser) +44 (0)7711 387 085
Ed Berry KR1@fticonsulting.com
Laura Ewart
Save as set out below, there is no further information regarding Aeron Morgan
Buchanan that is required to be disclosed pursuant to Rule 4.9 of the AQSE
Growth Market Apex Rulebook.
Current Directorships Former Directorships
Morrell Grounds Ltd
Banzhou Electric Ltd
Banzhou Services Ltd
Morrell Avenue Services Ltd
Westmorland Gearing ltd
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 Aeron Buchanan
2 Reason for the notification
a) Position/ Non-executive Director
status
b) Initial Initial
notification /
Amendment
3 Details of the issuer, emission allowance market participant, auction
platform, auctioneer or auction monitor
a) Name KR1 Plc
b) LEI 213800WFTIIBY5SBCL19
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 0.19 pence each
instrument,
type of ISIN: IM00BYYPQX37
instrument
Identification
code
b) Nature of the Grant of options
transaction
c) Price(s) and 145,631 Ordinary Shares at 103p per share
volume(s)
d) Aggregated N/A
information
- Aggregated
volume
- Price
e) Date of the 1 April 2022
transaction
f) Place of the Not a market transaction
transaction
About KR1 plc
KR1 plc is a leading digital asset investment company supporting early-stage
decentralised and open source blockchain projects. Founded in 2016 and publicly
traded in London on the AQSE Growth Market (KR1:AQSE), KR1 has one of the
longest and most successful track records of investment in the digital assets
space by investing in decentralised platforms and protocols that are emerging
to form new financial and internet infrastructures.
www.KR1.io
END
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