TIDMOBC

RNS Number : 8320A

Online Blockchain PLC

26 May 2023

For immediate release

26 May 2023

Online Blockchain PLC

("Online" or the "Company")

Director / PDMR shareholding

Issue of options and warrants

The Company announces that on 25 May 2023, the Board of directors of Online agreed to award 550,000 options to subscribe for new ordinary shares of 5p each ("Ordinary Shares") to Clement Chambers, Michael Hodges and Jonathan Mullins, all directors of the Company. The options have been awarded pursuant to the Company's existing share option scheme and approved by Bill Louden, Non-executive Director of the Company.

The options vest in full with effect from 30 June 2023 and have an exercise price of 15.5p per new Ordinary Share, a premium of approximately 15 per cent. over the London closing mid-market price of 13.5p as at 25 May 2023.

In aggregate, the award of new options to the Directors represents approximately 3.9 per cent. of the Company's current issued share capital.

Further details of the option awards are set out in the table below and in the Appendix:

 
 Director            New options   Exercise   Vesting exercise       Exercise term 
                         awarded      price    date 
                                              Vest in full with 
                                               effect from 30 June    7 years from 
 Clement Chambers        225,000      15.5p    2023                        vesting 
                    ------------  ---------  ---------------------  -------------- 
                                              Vest in full with 
                                               effect from 30 June    7 years from 
 Michael Hodges          225,000      15.5p    2023                        vesting 
                    ------------  ---------  ---------------------  -------------- 
                                              Vest in full with 
                                               effect from 30 June    7 years from 
 Jonathan Mullins        100,000      15.5p    2023                        vesting 
                    ------------  ---------  ---------------------  -------------- 
 

In addition, the board of Directors of Online has agreed to award in aggregate 150,000 warrants over new ordinary shares to consultants and advisers to the Company. The warrants vest in full with effect from 30 June 2023 and have an exercise price of 15.5 pence per new ordinary share and must be exercised on or before 30 June 2030.

In total, the number of all outstanding options and warrants following the above awards amounts to 700,000, representing 4.9% of the existing issued share capital.

A copy of this announcement is available on the Company's website, at www.onlineblockchain.io

Enquiries:

For further information please contact:

 
 
 Online Blockchain PLC 
  Clement Chambers                        +44 (0) 203 475 3484 
 
 Beaumont Cornish Limited (Nominated 
  Adviser) 
  www.beaumontcornish.com 
 Roland Cornish/Michael Cornish         +44 (0) 207 628 3396 
 Cassiopeia Ltd (Investor Relations)    stefania@cassiopeia-ltd.com 
  Stefania Barbaglio 
 
 
 

APPIX

The notification below, made in accordance with the requirements of the EU Market Abuse Regulations, provides further detail in respect of the transactions as described above.

 
 1    Details of t he p erson disc harging managerial responsib 
       ilities / p erson closely associated 
 a)   Name                        Michael Hodges 
     --------------------------  -------------------------------------- 
 2    Reason for notification 
     ------------------------------------------------------------------ 
 a)   Position / status                      Chairman 
     --------------------------  -------------------------------------- 
 b)   I nitial notification       Initial 
       /Amendment 
     --------------------------  -------------------------------------- 
 3    Details of t he issu er, e mission allow a n ce m a 
       r k et participan t, au ct ion plat for m, au ction 
       eer or auc tion monitor 
     ------------------------------------------------------------------ 
 a)   Name                        Online Blockchain plc 
     --------------------------  -------------------------------------- 
 b)   LEI                         213800EYT2IXOZHDQC16 
     --------------------------  -------------------------------------- 
 4    Details of t he t ransact ion (s): section to be re 
       p eated for ( i) e a ch type of instr u m e n t; (ii) 
       each type of transac tion; (iii) each date; and ( iv) 
       each place w h ere transactions have b een condu cted 
     ------------------------------------------------------------------ 
 a)   Description of the          Ordinary shares of 5 pence each in 
       financial instrument,       Online Blockchain plc 
       t ype of instrument 
       I d e ntification 
       code                        ISIN GB0006601479 
     --------------------------  -------------------------------------- 
      Nature of the transaction   Award of share options by the Company 
     --------------------------  -------------------------------------- 
      Price(s) and volumes(s)      Exercise Price(s)   Volumes(s) 
                                    GBP0.155            225,000 options 
                                                       ---------------- 
     --------------------------  -------------------------------------- 
 d)   Aggregated information      n/a 
     --------------------------  -------------------------------------- 
 e)   Date of the transaction     25 May 2023 
     --------------------------  -------------------------------------- 
 f)   Place of the transaction    Outside a trading venue 
     --------------------------  -------------------------------------- 
 
 
 1    Details of t he p erson disc harging managerial responsib 
       ilities / p erson closely associated 
 a)   Name                        Clement Chambers 
     --------------------------  -------------------------------------- 
 2    Reason for notification 
     ------------------------------------------------------------------ 
 a)   Position / status                      Chief Executive 
     --------------------------  -------------------------------------- 
 b)   I nitial notification       Initial 
       /Amendment 
     --------------------------  -------------------------------------- 
 3    Details of t he issu er, e mission allow a n ce m a 
       r k et participan t, au ct ion plat for m, au ction 
       eer or auc tion monitor 
     ------------------------------------------------------------------ 
 a)   Name                        Online Blockchain plc 
     --------------------------  -------------------------------------- 
 b)   LEI                         213800EYT2IXOZHDQC16 
     --------------------------  -------------------------------------- 
 4    Details of t he t ransact ion (s): section to be re 
       p eated for ( i) e a ch type of instr u m e n t; (ii) 
       each type of transac tion; (iii) each date; and ( iv) 
       each place w h ere transactions have b een condu cted 
     ------------------------------------------------------------------ 
 a)   Description of the          Ordinary shares of 5 pence each in 
       financial instrument,       Online Blockchain plc 
       t ype of instrument 
       I d e ntification 
       code                        ISIN GB0006601479 
     --------------------------  -------------------------------------- 
      Nature of the transaction   Award of share options by the Company 
     --------------------------  -------------------------------------- 
      Price(s) and volumes(s)      Exercise Price(s)   Volumes(s) 
                                    GBP0.155            225,000 options 
                                                       ---------------- 
     --------------------------  -------------------------------------- 
 d)   Aggregated information      n/a 
     --------------------------  -------------------------------------- 
 e)   Date of the transaction     25 May 2023 
     --------------------------  -------------------------------------- 
 f)   Place of the transaction    Outside a trading venue 
     --------------------------  -------------------------------------- 
 
 
 1    Details of t he p erson disc harging managerial responsib 
       ilities / p erson closely associated 
 a)   Name                        Jonathan Mullins 
     --------------------------  -------------------------------------- 
 2    Reason for notification 
     ------------------------------------------------------------------ 
 a)   Position / status                      Technical Director 
     --------------------------  -------------------------------------- 
 b)   I nitial notification       Initial 
       /Amendment 
     --------------------------  -------------------------------------- 
 3    Details of t he issu er, e mission allow a n ce m a 
       r k et participan t, au ct ion plat for m, au ction 
       eer or auc tion monitor 
     ------------------------------------------------------------------ 
 a)   Name                        Online Blockchain plc 
     --------------------------  -------------------------------------- 
 b)   LEI                         213800EYT2IXOZHDQC16 
     --------------------------  -------------------------------------- 
 4    Details of t he t ransact ion (s): section to be re 
       p eated for ( i) e a ch type of instr u m e n t; (ii) 
       each type of transac tion; (iii) each date; and ( iv) 
       each place w h ere transactions have b een condu cted 
     ------------------------------------------------------------------ 
 a)   Description of the          Ordinary shares of 5 pence each in 
       financial instrument,       Online Blockchain plc 
       t ype of instrument 
       I d e ntification 
       code                        ISIN GB0006601479 
     --------------------------  -------------------------------------- 
      Nature of the transaction   Award of share options by the Company 
     --------------------------  -------------------------------------- 
      Price(s) and volumes(s)      Exercise Price(s)   Volumes(s) 
                                    GBP0.155            100,000 options 
                                                       ---------------- 
     --------------------------  -------------------------------------- 
 d)   Aggregated information      n/a 
     --------------------------  -------------------------------------- 
 e)   Date of the transaction     25 May 2023 
     --------------------------  -------------------------------------- 
 f)   Place of the transaction    Outside a trading venue 
     --------------------------  -------------------------------------- 
 
 
 
 
 

ENDS

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END

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May 26, 2023 06:25 ET (10:25 GMT)

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