Issue of Equity

RNS Number : 1127L

Online Blockchain PLC

08 January 2021

 

For immediate release

 8 January 2021

Online Blockchain PLC

("Online" or the "Company")

Issue of equity

The Board of Online Blockchain plc (LSE: OBC) announces that it has today issued, in aggregate, 338,636 new ordinary shares ("New Shares") pursuant to an exercise of warrants. The Company received a warrant exercise notice to subscribe for 100,000 new ordinary shares at a price of 22p per new ordinary share, for which subscription proceeds of £22,000 have been received, and a further warrant exercise notice to subscribe for 238,636 new ordinary shares at a price of 32p per new ordinary share, for which subscription proceeds of £76,364 have been received. The warrants were issued pursuant to the placing as announced on 18 December 2020. The proceeds of the warrant exercise will be used for general working capital purposes.

Application will be made for the New Shares, which will rank pari passu with the existing Ordinary Shares, to be admitted to trading on AIM and it is expected that this will take place on or around 15 January 2021 ("Admission").

Following the Admission of the 338,636 New Shares, the Company will have 10,819,165 Ordinary Shares in issue which will also represent the total number of voting rights in the Company.  The above figure should be used by 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 Company under the FCA's Disclosure and Transparency Rules.

A copy of this announcement is available on the Company's website at: www.onlineblockchain.io .

The information contained within this announcement is deemed to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014. The person who arranged for the release of this announcement on behalf of the Company was Clement Chambers, Director.

Enquiries:

For further information please contact: 

Online Blockchain PLC Clement Chambers	[phone]
Beaumont Cornish Limited (Nominated Adviser) www.beaumontcornish.com	[phone]
Roland Cornish/Michael Cornish
Throgmorton Street Capital  (Joint Broker)	[phone]
Monecor (London) Ltd (Joint Broker) E lliot Hance	[phone]
Cassiopeia Ltd (Investor Relations) Stefania Barbaglio	[e-mail]

 

About Online Blockchain plc (LSE: OBC)

Online Blockchain ( www.onlineblockchain.io ) is a UK-based incubator and developer of businesses in internet and information-based technologies, including developers, administrators and custodians of blockchains and cryptocurrencies. The Company created ADVFN www.advfn.com and has a holding of 17.98% in ADVFN plc. 

 

Online Blockchain plc continues to consider new related opportunities and particularly crypto currencies and blockchain-based opportunities including incubating cryptocurrency start-ups and developing technical innovation in the blockchain space.

 

Glossary

 

"blockchain" is a distributed public digital ledger in which transactions are recorded chronologically

"cryptocurrency" is a digital currency in which encryption techniques are used to regulate the generation of units of currency and verify the transfer of funds, operating independently of any central bank

 

ENDS

 

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