Business
Investment in Daniel Stewart
Investment in Daniel Stewart.
About this update from Quantum Blockchain Technologies Plc
[{"type":"text","content":"\n RNS Number : 9846H Brainspark PLC 03 March 2010 \n \n\n 3 March 2010\n \nBrainspark plc\n(\"Brainspark or the \"Company\")\n \nInvestment in Daniel Stewart Securities plc\n \nThe Board of Brainspark (AIM: BSP) is pleased to announce that it has entered into an agreement with AIM listed stockbroker, Daniel Stewart Securities plc (\"Daniel Stewart\" or the \"Group\") to subscribe for 25,000,000 new ordinary shares of 0.25 pence each in Daniel Stewart at a price of 2 pence per Daniel Stewart share, for a total consideration of £500,000 (the \"Agreement\"). On completion of the Agreement, Brainspark will have an interest in approximately 6.66 per cent. of the enlarged issued share capital of Daniel Stewart. \n \nThe Company has also acquired, for the consideration of £1, an option to purchase a further 75,000,000 new ordinary shares in Daniel Stewart (the \"Option\"). The Option is exercisable at a price of 2 pence per Daniel Stewart share at any time until midday on 29 June 2010 and should the Option be exercised Brainspark will hold 100,000,000 ordinary shares in Daniel Stewart. The exercise of the Option is at the discretion of Brainspark. Should the Option be exercised Alfredo Villa, CEO of Brainspark and with over 20 years experience in the Swiss banking industry, will be invited to join the Board of Daniel Stewart as a Non-Executive Director. The exercise of the Option and the appointment of Alfredo Villa to the Board of Daniel Stewart are both subject to, inter alia, ...