Quantum Blockchain Technologies Plc - Rollover of Director's REPO
July 01 2024 - 10:04AM
UK Regulatory
Quantum Blockchain Technologies Plc -
Rollover of Director's REPO
PR Newswire
LONDON, United Kingdom, July 01
1 July 2024
Quantum
Blockchain Technologies Plc
(”QBT” or
”the Company”)
Rollover
of Director’s REPO
Following
previous announcements made by the Company regarding the rollover
of 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 from 30 June 2024
to 30 September 2024.
-
The
repurchase price for the 5,000,000 Ordinary Shares has been amended
from 3.3989p to 3.441p per share (representing a 5% yearly interest
rate on the initial purchase price of 3p). All other terms of the
REPO remain 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 2.27% of the Company’s total issued share
capital.
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 instrument,
type
of
instrument: Identification code:
|
Ordinary
shares
of
0.25p
each ISIN: GB00B50P5B53
|
|
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)
3.441p 5,000,000
|
|
d)
|
Aggregated
information: Aggregated volume:
Price:
|
Single
transaction
as
in
4
c)
above
Price(s) Volume(s)
3.441p 5,000,000
|
|
e)
|
Date
of
the
transaction:
|
28
June
2024
|
|
f)
|
Place
of
the
transaction:
|
Outside
of
a
trading
venue
|
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