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LONDON - Quantum Blockchain Technologies Plc (AIM:QBT) announced Tuesday that its CEO and Executive Chairman, Professor Francesco Gardin, has extended the term of his Sale & Repurchase Agreement (REPO) with MC Strategies AG.
Under the amended agreement, the repurchase date for 5,000,000 ordinary shares has been extended to December 31, 2025. The repurchase price has been adjusted from 3.568p to 3.657p per share, representing a 5% yearly interest rate on the initial purchase price of 3p.
The parties have added a clause stipulating that the REPO will automatically roll over every six months if Professor Gardin does not exercise his repurchase right.
In addition to the 5,000,000 shares subject to the REPO, Professor Gardin beneficially owns 29,284,149 ordinary shares, which will represent 2.00% of the company’s total issued share capital following the admission to trading of shares issued pursuant to the placing announced on January 23, 2025.
Quantum Blockchain Technologies is an AIM-listed investment company focused on technology investments, particularly in quantum computing, blockchain, cryptocurrencies, and artificial intelligence sectors.
The transaction was executed outside of a trading venue on June 30, 2025, according to the regulatory filing that accompanied the press release statement.
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