15 May 2024
Quantum Exponential Group
plc
(the 'Company' or
'Quantum Exponential')
Update on proposed investment and
further adjournment of GM
Quantum Exponential Group plc (AQUIS: QBIT), a
company focused on investing in quantum technology, announces that
further to the announcement of 17 April 2024, the Directors remain
in discussion with an investor group regarding a potential
substantial investment in the Company.
Whilst there can be no certainty as to the
outcome of these discussions, the Directors are confident that
matters will reach a positive conclusion in the near future and
therefore propose that the adjourned General Meeting ("GM")
reconvened on 17 May 2024 at 10:00 a.m., at the offices of Fladgate
LLP, 16 Great Queen Street, London, WC2B 5DG United Kingdom, should
be further adjourned until 10:00am on 14 June 2024 at the same
venue. Consequently, the only business at the reconvened GM on 17
May 2024 will be the adjournment of the meeting.
This announcement contains information that,
prior to its disclosure, was inside information as stipulated under
Regulation 11 of the Market Abuse (Amendment) (EU Exit) Regulations
2019/310 (as amended).
The Directors take responsibility for this
announcement.
**ENDS**
For more information, visit the Company's
website: www.quantumexp.co.uk or contact:
Steven Metcalfe, Chief Executive Officer
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Novum
Securities (AQSE Corporate Adviser)
David Coffman, George
Duxberry
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Tel: +44 (0)20 7399
9400
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VSA
Capital (AQSE Corporate Broker)
Peter Mattsson, Simon
Barton
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Tel: +44 (0)203 005 5000
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About Quantum
Exponential Group plc
Quantum Exponential is a first of its kind, AQSE
Growth Market Enterprise Company, focused on opportunities in
quantum technology and the wider quantum computing sector, with an
advisory board made up of industry advisors, entrepreneurs, and
technology investment professionals with broad access to quantum
opportunities and markets. Quantum Exponential's investment
strategy is to assemble a portfolio of minority investments in
early-stage global quantum technology companies, primarily in NATO
allied countries, offering institutional and private investors
access to revolutionising technologies and industries in the realms
of artificial intelligence, manufacturing and
healthcare.
Quantum Exponential trades on Aquis Growth
Market under the ticker symbol "QBIT".