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NFT INV Intention to Float FINAL

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NFT INV Intention to Float FINAL 1st April 2021 NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN OR INTO OR FROM THE UNITED STATES, AUSTRALIA, CANADA, JAPAN, OR SOUTH AFRICA OR ANY OTHER JURISDICTION WHERE IT IS UNLAWFUL TO DISTRIBUTE THIS ANNOUNCEMENT. This announcement is not a prospectus and does not constitute an offer of securities for sale in any jurisdiction, including in or into the United States, Australia, Canada, Japan or South Africa. Neither this announcement, nor anything contained in it, shall form the basis of, or be relied upon in connection with, any offer or commitment whatsoever in any jurisdiction. Investors should not subscribe for or purchase any ordinary shares (the "Ordinary Shares") referred to in this announcement or in any final admission document except solely on the basis of the information contained in any such admission document including the risk factors set out in it, that may be published by NFT Investments PLC) in due course in connection with a possible placing of Ordinary Shares in the Company and the possible admission of the Company's entire issued ordinary share capital to the Access segment of the AQSE Growth Market operated by Aquis Stock Exchange Limited. A copy of any admission document published by the Company will, if so published, be available for inspection from the Company's registered office and on the Company's website at www.nftinvest.pro NFT Investments PLC (“NFT Investments” or the “Company”) Intention to Float on AQSE Growth Market NFT Investments, an investment company specializing in non-fungible tokens and established by the co-founders of $1bn market cap Argo Blockchain plc, is pleased to announce its intention to apply for admission of its Ordinary Shares to trading on the Access segment of Aquis Stock Exchange Growth Market (AQSE) in London, UK. The flotation is expected to value NFT Investments at approximately £25m and make it the first-ever investment company focused exclusively on investing in non-fungible tokens (“NFTs”) to launch on a stock market in a major jurisdiction worldwide. The Company plans to raise approximately £10m before expenses by way of a placing of 200 million ordinary shares at 5p each through First Sentinel Corporate Finance, the Company’s corporate adviser, and joint brokers Novum Securities and Tennyson Securities. First dealings in the shares are expected to commence later this month. An NFT is a special, one-of-a-kind crypto asset that enables collectors to authenticate, own and trade original authenticated versions of unique digital goods on the blockchain. NFTs open an entire world of digital collecting and democratize the process by allowing the creators of digital tokens, typically an artist, digital creator or celebrity, to receive a crypto payment each time their work is traded. As well as being scarce and unique, NFTs provide a transparent chain of custody between the creator and the holder of the token adding a level of protection to collectible assets. The Company considers that there is a sizable potential market for the NFT industry to emerge globally and take market share from the current collectibles industry. The volume of NFT trade amounts to date is over US$500 million (source: nonfungible.com), with US$240 million taking place in March 2021 (source: decrypt.co). Already other areas outside of digital art and collectibles have started to expand rapidly, such as celebrity NFT digital rights, virtual land, video game assets and NFT-backed loans. The Board anticipates that the NFT market will continue to grow over the long term with NFTs becoming a key underlying asset for the whole virtual economy. Company Highlights NFT Investments was set up to invest in NFTs directly and in companies or funds that have exposure to NFTs and blockchain technology. The Company anticipates that returns to shareholders will be delivered through an appreciation in the value of its portfolio of NFTs and in the underlying cryptocurrencies as well as the digital NFT rights that are purchased and licensed by the Company. Net proceeds of the IPO will be used to identify and carry out due diligence on potential investments and to provide working capital for the Company’s initial operations in line with its acquisition and investment strategy. The Board expects to be able to develop its business substantially within 12 months of admission to AQSE. The Company’s directors and advisory board have an established track record, experience and networks in the crypto currency sector, digital assets management and decentralised finance, as well as the media industry to drive value creation. The board of directors and investment committee includes Jonathan Bixby (Executive Chair) and Mike Edwards (Non-Executive Director) - the co-founders of Argo Blockchain (ARB), Guild Esports (GILD) and Cellular Goods (CBX), all listed on the London Stock Exchange. Its advisory board members include Mack Flavelle, the co-founder of Crypto Kitties, considered by many to be the original NFT, Peter Wall, CEO of Argo Blockchain, Nolan Bushnell, best known as the founder of Atari, the video and arcade games pioneer, and Zai Ortiz, who brings a 20-year career in the Hollywood creative effects sector including key roles in the Ironman franchise, Mission Impossible and DC Comics. Jonathan Bixby, Executive Chairman of NFT Investments, said: “I am incredibly excited to be leading the world’s first pure play NFT vehicle to list on a public market. Just like when our team brought Argo Blockchain to the London market, we have a vision of creating an on ramp from fiat into this exciting new space. Our team of blockchain and creative experts is truly world-class and we look forward to creating value for our shareholders in this exciting and growing space. We truly believe that NFTs will form the backbone of the digital collectables markets and owning the best individual assets and underlying rights can create immense value for our shareholders.” 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. Application will be made for any Broker Option Shares issued to be admitted to trading on Aquis, such trading is expected to commence on 19 April 2021. For further information please contact: NFT Investments Jon Bixby via Tancredi +44 207 887 7633 Executive Chairman Neil Thapar +44 7876 455 323 Investor Relations First Sentinel Corporate Adviser +44 7876 888 011 Brian Stockbridge Tennyson Securities Corporate Broker +44 207 186 9030 Peter Krens Novum Securities Corporate Broker +44 207 399 9427 Colin Rowbury Jon Belliss Tancredi Intelligent Communication Media Relations Salamander Davoudi [email protected] +44 7957 549 906 Helen Humphrey [email protected] +44 7449 226 720 Edward Daly +44 7861 430 057 [email protected] Board members: Jonathan Bixby, Executive chairman The Board is chaired by Jonathan Bixby, who has over 20 years of experience in the technology sector, as a founder or investor of a number of public companies (Argo Blockchain PLC, Cellular Goods PLC, Guild Esports PLC, Leaf Mobile, Inc., Pioneer Media Holdings, Inc.). Jonathan has facilitated the transition of five companies to being publicly traded (directly or indirectly), has overseen a number of successful exits and has extensive experience chairing UK public company boards. He has been actively engaged in a number of M&A and IPO transactions and has built over US$2bn in market capitalisation in technology companies over the last five years. Nicholas Lyth, Finance Director Nicholas Lyth is a UK based, experienced board director and qualified accountant with over five years' experience advising a number of quoted companies including AIM-listed companies Univision Engineering Ltd, Altona Energy plc and Taihua plc. Prior to his recent public company experience, Mr. Lyth was Group Finance and Purchasing Director of Belle Group, a manufacturer of engineering equipment operating across Europe, the US and Asia. He was also Head of Finance at Fothergill Group, a UK manufacturer of technical industrial fabrics, between 1996 and 2003. In his early career, Nick was a management accountant at Courtaulds plc and Rotunda plc. Timothy Vincent Le Druillenec, Non-Executive Director Timothy Le Druillenec is a Fellow of the Chartered Institute of Management Accountants and has acted as a Director to a number of public and private companies over many years and held board positions on several Main Market, AIM and PLUS companies. He was until recently a director of Argo Blockchain Plc, Guild Esports Plc, Cellular Goods Plc and Dukemount Capital Plc and was involved with launching those companies, all of which are listed on the Main Market of the London Stock Exchange. He is currently a Director of NFT Investments Plc and Dispersion Holdings Plc.
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