Quantum Blockchain Technologies Plc - Receipt of Funds from Sipiem
( “QBT” or “the Company”)
First Sipiem Settlement – Confirmation of receipt of funds
With reference to the Company’s earlier announcement dated
The Company and CL17 also confirm that €170,000 has been paid to Sipiem’s Receiver to complete the acquisition by CL17 of the Receiver’s right to receive 30% of any further sums collected in connection with the claim (net of legal fees).
Furthermore, the Receiver has released the €30,000 which was held in an escrow account as part of the initial claim purchase agreement (as first announced on 10 September 2019).
The Company would reiterate that despite its receipt in full, the €700,000 settlement remains subject to formal approval by the
This announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) 596/2014 as it forms part of
For further information please contact:
SP Angel Corporate Finance
(Nominated Adviser & Broker)
Leander
(Financial PR)
About
QBT (AIM: QBT) is an AIM listed investment company which has recently realigned its strategic focus to technology related investments, with special regard to Quantum computing, Blockchain, Cryptocurrencies and AI sectors. The Company has commenced an aggressive R&D and investment programme in the dynamic world of Blockchain Technology, which includes cryptocurrency mining and other advanced blockchain applications.
![](https://rt.prnewswire.com/rt.gif?NewsItemId=0016&Transmission_Id=202406040200PR_NEWS_UKDISCLO_0016&DateId=20240604)