EQS-Adhoc: Advanced Blockchain AG: Axxion S.A. acquires 100,000 shares
EQS-Ad-hoc: Advanced Blockchain AG / Key word(s): Corporate Action/Cryptocurrency / Blockchain
Advanced Blockchain AG: Axxion S.A. acquires 100,000 shares
17-Oct-2023 / 18:03 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by EQS News - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
Advanced Blockchain AG: Axxion S.A. acquires 100,000 shares
October 17, 2023 - Advanced Blockchain AG ("AB", Scale Frankfurt, Primary Market Düsseldorf, XETRA: ISIN DE000A0M93V6) has sold 100,000 treasury shares at a price of 2.70 euros per share to a fund of Axxion S.A.. The company will thus receive proceeds of around 270,000 euros. In this move, the volume of the new convertible bond 2023/2029 is limited to a nominal amount of EUR 1.1 million. With the sale of its own shares and the issuance of the convertible bond, Advanced Blockchain is taking an important step towards strengthening its financial position and further financing its growth. The sale was carried out under exclusion of shareholders' subscription rights.
Contact:
Simon Telian, CEO
ir@advancedblockchain.com
End of Inside Information
Information and Explanation of the Issuer to this announcement:
Simon Telian, CEO of AB, commented, "I am very pleased to welcome a highly experienced fund specializing in high-growth small-cap stocks (fund advisor Discover Capital GmbH) as a new investor. The commitment demonstrates confidence in our company and the significant growth potential of our blockchain-focused business models."
About Advanced Blockchain AG:
Advanced Blockchain AG (Scale Frankfurt, Primary Market Düsseldorf, XETRA: ISIN DE000A0M93V6) is a venture builder and investor in the Blockchain industry with an extensive network of analysts, developers, programmers, economists and mathematicians. Advanced Blockchain AG is dedicated to developing the future of Web 3.0 and innovation in different ecosystems and markets of the industry.
For more information about Advanced Blockchain AG, its various projects and investments, please visit https://www.advancedblockchain.com/.
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