1 July 2021
(“KR1” or the “Company”)
KR1 plc (KR1:AQSE), a leading digital asset investment company, announces that 767,236 ordinary shares of 0.19p each in the Company (“Ordinary Shares”) have been issued following the exercise of an option by Rhys Davies, a Non-executive Director of the Company. The option exercise price was 19.55p per share and the proceeds receivable by the Company, amounting to approximately £150,000, will be used for general working capital purposes.
Following the exercise of the option, Mr Davies is interested in 767,236 Ordinary Shares, representing 0.6% of the Company’s issued ordinary share capital.
Application will be made for the new Ordinary Shares to be admitted to trading on the APX segment of the AQSE Growth Market and admission is expected to become effective on 7 July 2021.
In accordance with the Financial Conduct Authority's Disclosure and Transparency Rules, KR1 announces that, following the issue of Ordinary Shares referred to above, the Company now has 132,436,770 Ordinary Shares in issue, each share carrying the right to one vote.
This figure of 132,436,770 Ordinary Shares may be used by shareholders in the Company 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 share capital of the Company under the FCA's Disclosure and Transparency Rules.
The Directors of KR1 plc accept responsibility for this announcement.
For further information please contact:
Peterhouse Capital Limited
(AQSE Corporate Adviser)
Nominis Advisory Ltd
About KR1 plc
KR1 is a leading digital asset investment company supporting early-stage decentralised and open source blockchain and DeFi projects. Founded in 2016 and publicly traded in London on the APX segment of the AQSE Growth Market (KR1:AQSE), KR1 has built a notable reputation for generating significant returns by investing in many key projects that are designed to power the decentralised platforms and protocols that are emerging to form new internet infrastructures.
Market Abuse Regulation (MAR) Disclosure
This announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulation EU 596/2014 as it forms part of retained EU law (as defined in the European Union (Withdrawal) Act 2018).
Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them.
Details of the person discharging managerial responsibilities / person closely associated
Reason for the notification
Initial notification /Amendment
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
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
Description of the financial instrument, type of instrument
Nature of the transaction
Exercise of Options
Price(s) and volume(s)
767,236 Ordinary Shares at 19.55p per share
Date of the transaction
1 July 2021
Place of the transaction
Not a market transaction