7th April 2021
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THE INFORMATION COMMUNICATED WITHIN THIS ANNOUNCEMENT IS DEEMED TO CONSTITUTE INSIDE INFORMATION AS STIPULATED UNDER THE MARKET ABUSE REGULATION (EU) NO. 596/2014. UPON THE PUBLICATION OF THIS ANNOUNCEMENT, THIS INSIDE INFORMATION IS NOW CONSIDERED TO BE IN THE PUBLIC DOMAIN.
NFT Investments PLC
("NFT Investments" or the "Company")
IPO target doubled to £20m amid strong demand
NFT Investments, an investment company specializing in non-fungible tokens ("NFTs"), is pleased to announce that it has doubled the size of its initial public offering on the Aquis Stock Exchange Growth Market (Access segment) to £20m before expenses, a record amount to be raised on AQSE.
The increased fund-raising move is in response to strong investor interest in the Company's planned share placing and application to join AQSE later this month.
NFT Investments is being launched on AQSE by the co-founders of Argo Blockchain, a leading crypto miner valued at more than $1 billion, to invest in NFTs. Due to the strong demand, the Company now plans to issue 400 million new ordinary shares at 5p each to investors, twice the size of its initial goal. The placing is expected to value the Company at £35m on flotation.
NFT Investments is the world's first pure-play investment company focused exclusively on investing in NFTs to launch on a stock market in a major jurisdiction worldwide.
The Company is being advised by First Sentinel Corporate Finance and its joint brokers are Novum Securities and Tennyson Securities. First dealings in the shares are expected to commence later this month.
Jonathan Bixby, Executive Chairman of NFT Investments, said: "We are very encouraged by the strong interest from a wide range of investors who clearly wish to gain early exposure to the fast-growing market for NFTs, which we believe offers a considerable long term growth opportunity, just as the cryptocurrency sector has so far. We are thrilled to be able to offer a broker option to democratize access to this hard-to-reach market."
Broker Option
To provide eligible investors with the opportunity to participate in the fundraising, the Company has granted an option (the "Broker Option") to Novum Securities, subject to Admission, to subscribe for up to an additional 60,000,000 new ordinary shares (the "Broker Option Shares") at 5p per share, exercisable before 5:00pm on 9th April 2021. Depending on demand, the number of Broker Option Shares subject to the Broker Option may be increased at the discretion of the Company with the written agreement of Novum Securities. If the Broker Option is fully taken up, it will raise an additional £3 million. If the Broker Option is not fully subscribed by 5:00pm on 9th April 2021, orders from eligible investors will be satisfied in full, and the balance of the Broker Option shall lapse.
To participate in the Broker Option, eligible investors should communicate their interest to Novum Securities directly in the first instance or alternatively via their independent financial adviser, stockbroker or other firm authorised by the Financial Conduct Authority. Novum Securities can be contacted on +44 (0)207 399 9427 or at [email protected]
For further information please contact:
| NFT Investments |
|
| Jon Bixby Executive Chairman Neil Thapar Investor Relations |
via Tancredi +44 207 887 7633
+44 7876 455 323 |
| First Sentinel |
|
| Corporate Adviser Brian Stockbridge
|
+44 7876 888 011 |
| Tennyson Securities |
|
| Corporate Broker Peter Krens |
+44 207 186 9030 |
| Novum Securities |
|
| Corporate Broker Colin Rowbury Jon Belliss |
+44 207 399 9427 |
| Tancredi Intelligent Communication Media Relations |
|
| Salamander Davoudi Helen Humphrey Edward Daly |
+44 7957 549 906
+44 7449 226 720
+44 7861 430 057 |
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