28 May 2026
Quantum Blockchain Technologies plc
("QBT" or "the Company")
Renewal of Warrants
QBT (AIM: QBT), the AIM-listed research and development company focused on
blockchain technologies, is pleased to announce that, further to the expiry of
previously issued warrants on 6 May 2026, the Board has approved the grant of
new warrants over approximately 269,500,000 ordinary shares of £0.0025 each in
the capital of the Company (the "Warrants") to certain directors, employees and
consultants.
The Warrants are being granted on substantially the same basis as the expired
instruments, with the same number of warrants being reallocated to the same
recipients, save for:
· the removal of allocations to former directors who have passed
away;
· an increase in allocation to a key employee; and
· an increase in allocation to Mark Trafeli and Vladmir
Kusznirczuk, the Company's non-executive directors.
136,000,000 Warrants will be exercisable at 2.5 pence each, and 133,500,000
Warrants will be exercisable at 5 pence each. All Warrants will expire on 31
December 2028. The Warrants vest immediately and are being issued under a new
warrant instrument.
The purpose of the grant is to ensure continued alignment of management,
employees and consultants with shareholders following the lapse of the previous
warrant arrangements.
An additional 5,000,000 of the old warrants originally issued to the late former
Non-Executive Director; Reg Eccles remain in issue until December 2026.
Further to the grant of the Warrants, the total number of the Company's warrants
represents approximately 17% of the non-diluted issued share capital of the
Company.
Issue of Warrants to Directors
59,500,000 of the Warrants were issued to employees and consultants of the
Company, and 210,000,000 of the Warrants were issued to directors of the
Company, as set out in the table below:
+------------+---------------------------------+-----------+--------------+
|Grantee |Position |No. of |Exercise price|
| | |Warrants |(pence per |
| | | |share) |
+------------+---------------------------------+-----------+--------------+
|Infusion |Related Party to Francesco Gardin|100,000,000|2.5p |
|(2009) Ltd |(CEO and Chief Research Officer) | | |
| | |100,000,000|5p |
+------------+---------------------------------+-----------+--------------+
|Mark Michael|Non-Executive Director |2,500,000 |2.5p |
|Trafeli | | | |
| | |2,500,000 |5p |
+------------+---------------------------------+-----------+--------------+
|Vladimir |Non-Executive Director |2,500,000 |2.5p |
|Basilio | | | |
|Kusznirczuk | |2,500,000 |5p |
+------------+---------------------------------+-----------+--------------+
Infusion (2009) Ltd is a company ultimately controlled by Professor Francesco
Gardin, the Company's CEO.
Related Party Transaction
The grant of Warrants to Directors of the Company, being Francesco Gardin, Mark
Trafeli and Vladimir Kusznirczuk (or their service companies), constitutes a
related party transaction for the purposes of Rule 13 of the AIM Rules for
Companies.
As all of the Directors are being issued with Warrants, there are no Directors
independent of the issue of Warrants. Accordingly, SP Angel Corporate Finance
LLP, the Company's nominated adviser, considers that the terms of the above
grant of Warrants are fair and reasonable insofar as the Company's shareholders
are concerned.
Further details of the transactions for the purposes of Article 19 of the UK
Market Abuse Regulation are set out below.
-ends-
For further information please contact:
Quantum Blockchain Technologies Plc+39 335 296573
Francesco Gardin, CEO and Executive Chairman
SP Angel Corporate Finance(Nominated Adviser & Broker)+44 (0) 20 3470 0470
Caroline Rowe / Devik Mehta
Leander(Financial PR)+44 (0) 7795 168 157
Christian Taylor-Wilkinson
About Quantum Blockchain Technologies Plc
QBT (AIM: QBT) is a London Stock Exchange AIM listed Research & Development and
investing company focused on an intensive R&D programme to disrupt the
Blockchain Technologies sector which includes, cryptocurrency mining and other
advanced blockchain applications. The primary goal of the R&D programme is to
develop Bitcoin mining tools and techniques, via its technology-driven approach,
which the Company believes will significantly outperform existing market
practices.
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: |1) Infusion (2009) Ltd |
| | | |
| | |2) Mark Michael Trafeli |
| | | |
| | |3) Vladimir Basilio Kusznirczuk |
+--+----------------------------+--------------------------------------+
|2.|Reason for the notification |
+--+----------------------------+--------------------------------------+
|a)|Position/status: |1) Related party to CEO/CRO |
| | | |
| | |2) Independent NED |
| | | |
| | |3) Independent NED |
+--+----------------------------+--------------------------------------+
|b)|Initial |Initial notification |
| |notification/Amendment: | |
+--+----------------------------+--------------------------------------+
|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|Warrants |
| |instrument, type of | |
| |instrument: |GB00B50P5B53 (Ordinary Shares) |
| | | |
| |Identification code: | |
+--+----------------------------+--------------------------------------+
|b)|Nature of the transaction: |Grant of warrants to subscribe for new|
| | |ordinary shares |
+--+----------------------------+--------------------------------------+
|c)|Price(s) and volume(s): | |
| | |+--+-----------+-----------+ |
| | || |Price |Volume | |
| | |+--+-----------+-----------+ |
| | ||1 |2.5p |100,000,000| |
| | |+--+-----------+-----------+ |
| | ||5p|100,000,000| |
| | |+--+-----------+-----------+ |
| | ||2 |2.5p |2,500,000 | |
| | |+--+-----------+-----------+ |
| | ||5p|2,500,000 | |
| | |+--+-----------+-----------+ |
| | ||3 |2.5p |2,500,000 | |
| | |+--+-----------+-----------+ |
| | ||5p|2,500,000 | |
| | |+--+-----------+-----------+ |
+--+----------------------------+--------------------------------------+
|d)|Aggregated information: |105,000,000 issued at 2.5p |
| | | |
| |Aggregated volume: |105,000,000 issued at 5p |
| | | |
| |Price: | |
+--+----------------------------+--------------------------------------+
|e)|Date of the transaction: |28 May 2026 |
+--+----------------------------+--------------------------------------+
|f)|Place of the transaction: |Outside a trading venue |
+--+----------------------------+--------------------------------------+
This information was brought to you by Cision http://news.cision.com
https://news.cision.com/quantum-blockchain-technologies-plc/r/renewal-of-warrants,c4354341