Online Blockchain PLC Director/PDMR Shareholding (8320A)
26 Mai 2023 - 12:25PM
UK Regulatory
TIDMOBC
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 Exercise Vesting exercise Exercise term
awarded price date
Vest in full with
effect from 30 June 7 years from
Clement Chambers 225,000 15.5p 2023 vesting
------------ --------- --------------------- --------------
Vest in full with
effect from 30 June 7 years from
Michael Hodges 225,000 15.5p 2023 vesting
------------ --------- --------------------- --------------
Vest in full with
effect from 30 June 7 years from
Jonathan Mullins 100,000 15.5p 2023 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@cassiopeia-ltd.com
Stefania Barbaglio
APPIX
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 t he p erson disc harging managerial responsib
ilities / p erson closely associated
a) Name Michael Hodges
-------------------------- --------------------------------------
2 Reason for notification
------------------------------------------------------------------
a) Position / status Chairman
-------------------------- --------------------------------------
b) I nitial notification Initial
/Amendment
-------------------------- --------------------------------------
3 Details of t he issu er, e mission allow a n ce m a
r k et participan t, au ct ion plat for m, au ction
eer or auc tion monitor
------------------------------------------------------------------
a) Name Online Blockchain plc
-------------------------- --------------------------------------
b) LEI 213800EYT2IXOZHDQC16
-------------------------- --------------------------------------
4 Details of t he t ransact ion (s): section to be re
p eated for ( i) e a ch type of instr u m e n t; (ii)
each type of transac tion; (iii) each date; and ( iv)
each place w h ere transactions have b een condu cted
------------------------------------------------------------------
a) Description of the Ordinary shares of 5 pence each in
financial instrument, Online Blockchain plc
t ype of instrument
I d e ntification
code ISIN GB0006601479
-------------------------- --------------------------------------
Nature of the transaction Award of share options by the Company
-------------------------- --------------------------------------
Price(s) and volumes(s) Exercise Price(s) Volumes(s)
GBP0.155 225,000 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 t he p erson disc harging managerial responsib
ilities / p erson closely associated
a) Name Clement Chambers
-------------------------- --------------------------------------
2 Reason for notification
------------------------------------------------------------------
a) Position / status Chief Executive
-------------------------- --------------------------------------
b) I nitial notification Initial
/Amendment
-------------------------- --------------------------------------
3 Details of t he issu er, e mission allow a n ce m a
r k et participan t, au ct ion plat for m, au ction
eer or auc tion monitor
------------------------------------------------------------------
a) Name Online Blockchain plc
-------------------------- --------------------------------------
b) LEI 213800EYT2IXOZHDQC16
-------------------------- --------------------------------------
4 Details of t he t ransact ion (s): section to be re
p eated for ( i) e a ch type of instr u m e n t; (ii)
each type of transac tion; (iii) each date; and ( iv)
each place w h ere transactions have b een condu cted
------------------------------------------------------------------
a) Description of the Ordinary shares of 5 pence each in
financial instrument, Online Blockchain plc
t ype of instrument
I d e ntification
code ISIN GB0006601479
-------------------------- --------------------------------------
Nature of the transaction Award of share options by the Company
-------------------------- --------------------------------------
Price(s) and volumes(s) Exercise Price(s) Volumes(s)
GBP0.155 225,000 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 t he p erson disc harging managerial responsib
ilities / p erson closely associated
a) Name Jonathan Mullins
-------------------------- --------------------------------------
2 Reason for notification
------------------------------------------------------------------
a) Position / status Technical Director
-------------------------- --------------------------------------
b) I nitial notification Initial
/Amendment
-------------------------- --------------------------------------
3 Details of t he issu er, e mission allow a n ce m a
r k et participan t, au ct ion plat for m, au ction
eer or auc tion monitor
------------------------------------------------------------------
a) Name Online Blockchain plc
-------------------------- --------------------------------------
b) LEI 213800EYT2IXOZHDQC16
-------------------------- --------------------------------------
4 Details of t he t ransact ion (s): section to be re
p eated for ( i) e a ch type of instr u m e n t; (ii)
each type of transac tion; (iii) each date; and ( iv)
each place w h ere transactions have b een condu cted
------------------------------------------------------------------
a) Description of the Ordinary shares of 5 pence each in
financial instrument, Online Blockchain plc
t ype of instrument
I d e ntification
code ISIN GB0006601479
-------------------------- --------------------------------------
Nature of the transaction Award of share options by the Company
-------------------------- --------------------------------------
Price(s) and volumes(s) Exercise Price(s) Volumes(s)
GBP0.155 100,000 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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