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) | | |
| Roland Cornish/Michael Cornish
| +44 (0) 207 628 3396 | |
| Cassiopeia Ltd (Investor Relations) Stefania Barbaglio | ||
| | | |
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 issuer, emission 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)
|
| ||||
| 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 issuer, emission 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)
|
| ||||
| 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 issuer, emission 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)
|
| ||||
| 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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