Quantum Blockchain Technologies Plc - Related Party Transaction
( “QBT” or “the Company”)
Related Party Transaction
QBT announces that, on
Under the Agreement, Infusion provides QBT the services of FG as chief research officer responsible for coordinating and leading QBT’s research and development activities. The Agreement may be terminated by either party providing six months’ notice and, in certain circumstances, QBT may terminate the Agreement without notice.
The fee payable by QBT to Infusion under the Agreement is £12,500 per month plus an additional amount, awarded at the discretion of the board of QBT, to reflect exceptional performance. In the years to
The entering into the Agreement by QBT is a related party transaction under Rule 13 of the AIM Rules for Companies. With the exception 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 with a strategic focus on technology related investments, including a special regard towards Quantum Computing, Blockchain, Cryptocurrencies and AI sectors. The Company has an aggressive R&D and investment programme in the dynamic world of Blockchain Technology, which includes cryptocurrency mining and other advanced blockchain applications.