Quantum Blockchain extends share sale and repurchase deal with CEO.
Quantum Blockchain Technologies announced an extension to the sale and repurchase agreement involving its chief executive officer and executive chairman Francesco Gardin and MC Strategies on Wednesday.
Quantum Blockchain Technologies
02 October 2024 13:04:04
Source: Sharecast
The AIM-traded firm said that under the revised terms, Gardin would repurchase five million ordinary shares of the company at a new price of 3.483p apiece, up from the original repurchase price of 3.441p.
It said the adjustment reflected a 5% annual interest rate on the initial purchase price of 3p per share.
The repurchase date was also extended, from 30 September to 31 December 2024.
All other terms of the deal remained unchanged.
Beyond those shares, Gardin was also the beneficial owner of an additional 29,284,149 shares, representing about 2.27% of the company’s total issued share capital.
At 1135 BST, shares in Quantum Blockchain Technologies were down 7.95% at 0.51p.
Reporting by Josh White for Sharecast.com.
N/A
ISIN:
N/A
Exchange: N/A
Sell:
N/A
Buy:
N/A
Change:
Date:
Prices delayed by at least 15 minutes
Compare our accounts
If you're looking to grow your money over the longer term (5+ years), we have a range of investment choices to help.
Halifax is not responsible for the content and accuracy of the Markets News articles. We may not share the views of the author. Understand the risks, please remember the value of your investment can go down as well as up and you may not get back the full amount you invest. We don't provide advice so if you are in any doubt about buying and selling shares or making your own investment decisions we recommend you seek advice from a suitably qualified Financial Advisor. Past performance is not a guide to future performance.
