TIDMNFT

RNS Number : 8991A

NFT Investments PLC

30 May 2023

30 May 2023

NFT Investments PLC

("NFT Investments" or the "Company")

Exercise of Options

NFT Investments PLC (AQSE: NFT), an investment firm specialising in the market for non-fungible tokens ("NFTs"), announces that following the exercise of options by executive director Nicolas Lyth and non-executive director Timothy Le Druillenec, granted on 6 February 2023. 2,000,000 ordinary shares of GBP0.001 each in the Company ("Ordinary Shares") have been issued to Nicholas Lyth and 500,000 Ordinary Shares have been issued to Timothy Le Druillenec. The total proceeds receivable by the Company on the exercise of the options amount to GBP25,000.

 
 Director name           Number of shares   Exercise price 
                          issued 
 Nicholas Lyth           2,000,000          GBP0.01 
                        -----------------  --------------- 
 Timothy Le Druillenec   500,000            GBP0.01 
                        -----------------  --------------- 
 

Following the Exercise, Nicolas Lyth holds 2,000,000 in the Company, which represents approximately 0.20% of the enlarged issued share capital of the Company; Timothy Le Druillenec holds 4,000,000 Ordinary Shares in the Company, which represent approximately 0.40% of the enlarged issued share capital of the Company.

The application will be made for the new Ordinary Shares to be admitted to trading on the Access segment of the AQSE Growth Market ("Admission") and it is expected that Admission will become effective on 5 June 2023.

In accordance with the provisions of the Disclosure Guidance and Transparency rules of the Financial Conduct Authority ("FCA"), the Company confirms that, following this issue, its issued share capital will comprise 1,007,000,000 Ordinary Shares, each share carrying the right to one vote. With effect from Admission, this figure may be used by the Company's 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 share capital of the Company under the FCA's Disclosure Guidance and Transparency Rules.

This announcement contains information which, prior to its disclosure, was inside information as stipulated under Regulation 11 of the Market Abuse (Amendment) (EU Exit) Regulations 2019/310 (as amended). Upon the publication of this announcement via a Regulatory Information Service, this inside information is now considered to be in the public domain.

The FCA notification, made in accordance with the requirements of the UK Market Abuse Regulation, is appended below.

 
 1.   Details of the person discharging managerial responsibilities 
       / person closely associated 
 a)   Name                            Timothy Le Druillenec 
     ------------------------------  ------------------------------------- 
 2.   Reason for the Notification 
     --------------------------------------------------------------------- 
 a)   Position/status                 Non-executive director 
     ------------------------------  ------------------------------------- 
 b)   Initial notification            Initial notification 
       / Amendment 
     ------------------------------  ------------------------------------- 
 3.   Details of the issuer, emission allowance market participant, 
       auction platform, auctioneer or auction monitor 
     --------------------------------------------------------------------- 
 a)   Name                            NFT Investments PLC 
     ------------------------------  ------------------------------------- 
 b)   LEI                             984500E15WF052FFEB19 
     ------------------------------  ------------------------------------- 
 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              Ordinary shares of GBP0.001 each 
       Financial instrument, 
       type of instrument 
      Identification Code             GB00BMW34204 
     ------------------------------  ------------------------------------- 
 b)   Nature of the transaction       Exercise of options 
     ------------------------------  ------------------------------------- 
 c)   Price(s) and volume(s)           Price(s)          Volume(s) 
                                        GBP0.01 per       500,000 Ordinary 
                                         Ordinary Share    Shares 
                                                         ----------------- 
     ------------------------------  ------------------------------------- 
 d)        Aggregated information: 
             *    Aggregated volume     Single transaction, see details 
                                        in item (c) above 
 
             *    Price 
     ------------------------------  ------------------------------------- 
 e)   Date of the transaction         25 May 2023 
     ------------------------------  ------------------------------------- 
 f)   Place of the Transaction        AQSE Growth Market 
     ------------------------------  ------------------------------------- 
 
 
 1.   Details of the person discharging managerial responsibilities 
       / person closely associated 
 a)   Name                            Nicholas Lyth 
     ------------------------------  --------------------------------------- 
 2.   Reason for the Notification 
     ----------------------------------------------------------------------- 
 a)   Position/status                 Executive director 
     ------------------------------  --------------------------------------- 
 b)   Initial notification            Initial notification 
       / Amendment 
     ------------------------------  --------------------------------------- 
 3.   Details of the issuer, emission allowance market participant, 
       auction platform, auctioneer or auction monitor 
     ----------------------------------------------------------------------- 
 a)   Name                            NFT Investments PLC 
     ------------------------------  --------------------------------------- 
 b)   LEI                             984500E15WF052FFEB19 
     ------------------------------  --------------------------------------- 
 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              Ordinary shares of GBP0.001 each 
       Financial instrument, 
       type of instrument 
      Identification Code             GB00BMW34204 
     ------------------------------  --------------------------------------- 
 b)   Nature of the transaction       Exercise of options 
     ------------------------------  --------------------------------------- 
 c)   Price(s) and volume(s)           Price(s)          Volume(s) 
                                        GBP0.01 per       2,000,000 Ordinary 
                                         Ordinary Share    Shares 
                                                         ------------------- 
     ------------------------------  --------------------------------------- 
 d)        Aggregated information: 
             *    Aggregated volume     Single transaction, see details 
                                        in item (c) above 
 
             *    Price 
     ------------------------------  --------------------------------------- 
 e)   Date of the transaction         25 May 2023 
     ------------------------------  --------------------------------------- 
 f)   Place of the Transaction        AQSE Growth Market 
     ------------------------------  --------------------------------------- 
 

The directors of NFT Investments accept responsibility for this announcement.

For further information please contact:

 
 NFT Investments 
 Jonathan Bixby 
  Executive Chairman    +44 207 887 7633 
                       ----------------- 
 First Sentinel 
                       ----------------- 
 Corporate Adviser 
  Brian Stockbridge     +44 7876 888 011 
                       ----------------- 
 Tennyson Securities 
                       ----------------- 
 Corporate Broker 
  Peter Krens           +44 207 186 9030 
                       ----------------- 
 

About NFT Investments:

NFT Investments PLC is an incubator specialising in the market for non-fungible tokens ("NFTs") and is the first ever NFT vehicle to list in a major jurisdiction worldwide. The Company invests in a diversified portfolio of NFTs, cryptocurrency, and/or in companies or funds which have exposure to NFT or blockchain technology. The Company's leadership team have an extensive track record in the cryptocurrency sector and previously founded Argo Blockchain PLC, a global crypto miner. NFT Investments is headquartered in London, UK and its shares are listed on the Aquis Stock Exchange Growth Market under the ticker symbol NFT. https://www.nftinvest.pro/

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END

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May 30, 2023 02:00 ET (06:00 GMT)

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