Business
Exercise of Options
Exercise of Options.
About this update from Phoenix Digital Assets (gibraltar) Plc
[{"type":"text","content":"\n\n30 May 2023\n \nNFT Investments PLC\n \n(\"NFT Investments\" or the \"Company\")\nExercise of Options\n \nNFT Investments PLC (AQSE: NFT), an investment firm specialising in the market for non-fungible tokens (\"NFTs\"), announces that following the exercise of options by executive director Nicolas Lyth and non-executive director Timothy Le Druillenec, granted on 6 February 2023. 2,000,000 ordinary shares of £0.001 each in the Company (\"Ordinary Shares\") have been issued to Nicholas Lyth and 500,000 Ordinary Shares have been issued to Timothy Le Druillenec. The total proceeds receivable by the Company on the exercise of the options amount to £25,000.\n \n\n\n\nDirector name\n\n\nNumber of shares issued\n\n\nExercise price\n\n\n\n\nNicholas Lyth\n\n\n2,000,000\n\n\n£0.01\n\n\n\n\nTimothy Le Druillenec\n\n\n500,000\n\n\n£0.01\n\n\n\n \nFollowing the Exercise, Nicolas Lyth holds 2,000,000 in the Company, which represents approximately 0.20% of the enlarged issued share capital of the Company; Timothy Le Druillenec holds 4,000,000 Ordinary Shares in the Company, which represent approximately 0.40% of the enlarged issued share capital of the Company.\n \nThe application will be made for the new Ordinary Shares to be admitted to trading on the Access segment of the AQSE Growth Market (\"Admission\") and it is expected that Admission will become effective on 5 June 2023.\n \nIn accordance with the provisions of the Disclosure Guidance and Transparency rules of the Financial Conduct Authority (\"FCA\"), the Company confirms that, following this issue, its issued share capital will comprise 1,007,000,000 Ordinary Shares, each share carrying the right to one vote. With effect from Admission, this figure may be used by the Company's shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the share capital of the Company under the FCA's Disclosure Guidance and Transparency Rules.\n \nThis 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). Upon the publication of this announcement via a Regulatory Information Service, this inside information ...