Business
Grant of Options
Grant of Options.
About this update from Quantum Blockchain Technologies Plc
[{"type":"text","content":"\n \n 20 December 2022\n \n Quantum Blockchain Technologies Plc\n \n(“QBT” or “the Company”)\n Grant of Options, PDMR Dealings and Extension of Consultancy Agreement\n The board of Quantum Blockchain Technologies (AIM: QBT) is pleased to inform shareholders that the Company has entered into a number of additional consultancy agreements with industry experts who are now part of the Company’s research and development (“R&D”) team.\n The Company has granted 37,500,000 options (the \"Options\") to certain consultants, members of the R&D team and in house staff, over new ordinary shares of 0.25 pence each in the Company (“Ordinary Shares”) as follows:\n \n Options over 25,000,000 Ordinary Shares exercisable at 5 pence per new Ordinary Share which are all immediately exercisable.\n \n \n \n \n Options Granted\n \n \n Exercise Period Ends\n \n \n \n 7,500,000\n 31/03/2023\n \n \n 5,000,000\n 5,000,000\n 5,000,000\n 2,500,000\n 22/05/2025\n 15/12/2024\n 06/06/2023\n 28/02/2023\n \n \n \n Options over 12,500,000 Ordinary Shares exercisable at 10 pence per new Ordinary Share with exercise periods as shown below\n \n \n \n \n Options Granted\n \n \n Exercise Period Ends\n \n \n \n 5,000,000\n 5,000,000\n 2,500,000\n 30/06/2023\n 22/05/2025\n 15/12/2024\n \n \n Included in the above totals are: \n 5,000,000 Options issued to the Company’s Non-Executive Director Mr Peter Fuhrman, (as anticipated in the 12 September 2022 announcement), as follows:\n \n 2,500,000 exercisable at 5 pence at any time up to 15/12/2024,\n 2,500,000 exercisable at 10 pence at any time up to 15/12/2024,\n \n 2,500,000 Options issued to Mr Mark Trafeli, the newly appointed Non-Executive Director, as follows:\n \n 2,500,000 exercisable at 5 pence at any time up to 15/12/2024,\n \n 10,000,000 Options issued to the Company’s cryptography expert specialising in cryptocurrency mining blockchain optimisations, whose 10,000,000 Options (initially announced on 2 June 2021) expired in June 2022, and whose contract has been extended, as follows:\n \n 5,000,000 Options exercisable at 5 pence at any time up to 22/05/2025,\n 5,000,000 Options exercisable at 10 pence between 06/05/2023 to 22/05/2025.\n \n The Company now has outstanding Options exercisable at 5 pence over 137,500,000 Ordinary Shares and Options exercisable at 10 pence over 127,500,000 Ordinary Shares....