16:26 Mon 08 Jul 2019
KR1 plc - Buyback of Deferred Shares
("KR1" or the "Company")
Buyback of Deferred Shares
is pleased to announce that the Company has written to the holders of the 3,000,000 deferred A shares and 3,000,000 deferred B shares in the capital of the Company (“Deferred Shares”), offering to buy back the Deferred Shares at a price of 0.2 pence per Deferred Share (the “Buy-back”). The Company intends to cancel any Deferred Shares acquired in the Buy-back, to simplify the share capital of the Company.
The Buy-back and cancellation will reduce the number of shares in the Company that carry voting rights and the Company will announce the result of the Buy-back in due course.
The Directors of the Company accept responsibility for the contents of this announcement.
--ENDS--
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ENDS
About
KR1 is a leading digital asset investment company supporting early stage decentralised and open source blockchain projects. Founded in 2016 and publicly traded in (NEX:KR1), KR1 has built a notable reputation for generating significant returns by investing in many key projects that are designed to power the decentralised platforms and protocols that are emerging to form new internet infrastructures.
+44 (0)16 2467 6716 (NEX Corporate Adviser) +44 (0)20 7469 0934 (PR Adviser)KR1 PLC Peterhouse Capital Limited Nominis Advisory Ltd George McDonaugh Stephen Corran Fungai Ndoro Mark Anwyl Angus Campbell stephen@kr1.iopr@kr1.io
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