RNS Number : 8320A
Online Blockchain PLC
26 May 2023
 

For immediate release

26 May 2023

 

Online Blockchain PLC

("Online" or the "Company")

Director / PDMR shareholding

Issue of options and warrants

 

The Company announces that on 25 May 2023, the Board of directors of Online agreed to award 550,000 options to subscribe for new ordinary shares of 5p each ("Ordinary Shares") to Clement Chambers, Michael Hodges and Jonathan Mullins, all directors of the Company. The options have been awarded pursuant to the Company's existing share option scheme and approved by Bill Louden, Non-executive Director of the Company.

 

The options vest in full with effect from 30 June 2023 and have an exercise price of 15.5p per new Ordinary Share, a premium of approximately 15 per cent. over the London closing mid-market price of 13.5p as at 25 May 2023. 

 

In aggregate, the award of new options to the Directors represents approximately 3.9 per cent. of the Company's current issued share capital.

 

Further details of the option awards are set out in the table below and in the Appendix:

 

Director

New options awarded

Exercise price

Vesting exercise date

Exercise term

Clement Chambers

225,000

15.5p

Vest in full with effect from 30 June 2023

 

7 years from vesting

Michael Hodges

225,000

15.5p

Vest in full with effect from 30 June 2023

 

7 years from vesting

Jonathan Mullins

 

100,000

15.5p

Vest in full with effect from 30 June 2023

7 years from vesting

 

In addition, the board of Directors of Online has agreed to award in aggregate 150,000 warrants over new ordinary shares to consultants and advisers to the Company. The warrants vest in full with effect from 30 June 2023 and have an exercise price of 15.5 pence per new ordinary share and must be exercised on or before 30 June 2030.

 

In total, the number of all outstanding options and warrants following the above awards amounts to 700,000, representing 4.9% of the existing issued share capital.

 

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

 

Enquiries:

For further information please contact: 

 

 


Online Blockchain PLC

Clement Chambers

 

+44 (0) 203 475 3484

 


Beaumont Cornish Limited (Nominated Adviser)

www.beaumontcornish.com


Roland Cornish/Michael Cornish 

 

+44 (0) 207 628 3396

Cassiopeia Ltd (Investor Relations)

Stefania Barbaglio

stefania@cassiopeia-ltd.com



 

APPENDIX

The notification below, made in accordance with the requirements of the EU Market Abuse Regulations, provides further detail in respect of the transactions as described above.  

 

1

Details  of  the  person  discharging  managerial  responsibilities  /  person  closely associated

a)

Name

Michael Hodges

2

Reason for notification

a)

Position / status

Chairman

b)

Initial notification

/Amendment

Initial

3

Details of the issueremission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

Online Blockchain plc

 

b)

LEI

213800EYT2IXOZHDQC16

 

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 instrument, type of instrument

Identification code

Ordinary shares of 5 pence each in Online Blockchain plc

 

 

ISIN GB0006601479

 


Nature of the transaction

Award of share options by the Company

 


Price(s) and volumes(s)

 

 

Exercise Price(s)

Volumes(s)

£0.155

225,000 options

d)

Aggregated information

n/a

 

e)

Date of the transaction

25 May 2023

 

f)

Place of the transaction

Outside a trading venue

 

 

1

Details  of  the  person  discharging  managerial  responsibilities  /  person  closely associated

a)

Name

Clement Chambers

2

Reason for notification

a)

Position / status

Chief Executive

b)

Initial notification

/Amendment

Initial

3

Details of the issueremission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

Online Blockchain plc

 

b)

LEI

213800EYT2IXOZHDQC16

 

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 instrument, type of instrument

Identification code

Ordinary shares of 5 pence each in Online Blockchain plc

 

 

ISIN GB0006601479

 


Nature of the transaction

Award of share options by the Company

 


Price(s) and volumes(s)

 

 

Exercise Price(s)

Volumes(s)

£0.155

225,000 options

d)

Aggregated information

n/a

 

e)

Date of the transaction

25 May 2023

 

f)

Place of the transaction

Outside a trading venue

 

 

1

Details  of  the  person  discharging  managerial  responsibilities  /  person  closely associated

a)

Name

Jonathan Mullins

2

Reason for notification

a)

Position / status

Technical Director

b)

Initial notification

/Amendment

Initial

3

Details of the issueremission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

Online Blockchain plc

 

b)

LEI

213800EYT2IXOZHDQC16

 

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 instrument, type of instrument

Identification code

Ordinary shares of 5 pence each in Online Blockchain plc

 

 

ISIN GB0006601479

 


Nature of the transaction

Award of share options by the Company

 


Price(s) and volumes(s)

 

 

Exercise Price(s)

Volumes(s)

£0.155

100,000 options

d)

Aggregated information

n/a

 

e)

Date of the transaction

25 May 2023

 

f)

Place of the transaction

Outside a trading venue

 

 

 

 





ENDS

 

 

 

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