KR1 KR1 Plc

 
TIDMKR1 
 
1 April 2022 
 
                                    KR1 PLC 
 
                           ("KR1" or the "Company") 
 
                     Appointment of Non-executive Director 
 
KR1 plc (KR1:AQSE), a leading digital asset investment company, is pleased to 
announce that Aeron Buchanan has been appointed as a Non-executive Director of 
the Company with effect from today. 
 
Aeron Buchanan is the Vice President of the Web3 Foundation. After gaining a 
doctorate from Oxford University, Aeron was involved in several start-ups 
before joining the Ethereum Foundation soon after it was founded; he went on to 
be Head of European Operations. He then left to start Parity Technologies, 
working on the Polkadot protocol alongside Gavin Wood, before helping set up 
the Web3 Foundation. 
 
Aeron was an early supporter of KR1, having joined as a shareholder in the 
second year of operations, and is currently interested in 400,000 ordinary 
shares of 0.19p each in the Company ("Ordinary Shares"), representing 0.26% of 
the Company's issued share capital. With Aeron now joining the board, he will 
be granted options to subscribe for 145,631 Ordinary Shares at a price of 103p 
per share, being the closing share price on the day prior to his appointment. 
These options will only be exercisable in the event that certain future 
milestones are achieved by the Company. 
 
Aeron Buchanan,  Non-Executive Director of KR1, commented: "I am continually 
impressed with the adaptability of the KR1 team, their knowledge and insights 
into the changing landscape of the decentralised web." 
 
George McDonaugh, Managing Director and Co-Founder of KR1, commented: "Adding 
Aeron to our board is a huge step for the Company, as we will be gaining the 
expertise of one of the true pioneers in the space. KR1 is at the forefront of 
investing into the Web3 ecosystem and with Aeron alongside we can further 
strengthen our role in supporting the very best teams and technologies that the 
Web3 world has to offer." 
 
The Directors of KR1 plc accept responsibility for this announcement. 
 
                                   --ENDS-- 
 
For further information please contact: 
 
KR1 PLC                                                 +44 (0)1624 630 630 
George McDonaugh 
Keld van Schreven 
 
Peterhouse Capital Limited (AQSE Corporate              +44 (0)20 7469 0930 
Adviser) 
Mark Anwyl 
 
FTI Consulting LLP (PR Adviser)                         +44 (0)7711 387 085 
Ed Berry                                              KR1@fticonsulting.com 
Laura Ewart 
 
Save as set out below, there is no further information regarding Aeron Morgan 
Buchanan that is required to be disclosed pursuant to Rule 4.9 of the AQSE 
Growth Market Apex Rulebook. 
 
        Current Directorships                   Former Directorships 
 
Morrell Grounds Ltd 
 
Banzhou Electric Ltd 
 
Banzhou Services Ltd 
 
Morrell Avenue Services Ltd 
 
Westmorland Gearing ltd 
 
 
 
  Notification and public disclosure of transactions by persons discharging 
    managerial responsibilities and persons closely associated with them. 
 
1   Details of the person discharging managerial responsibilities / person 
    closely associated 
 
a)  Name           Aeron Buchanan 
 
2   Reason for the notification 
 
a)  Position/      Non-executive Director 
    status 
 
b)  Initial        Initial 
    notification / 
    Amendment 
 
3   Details of the issuer, emission allowance market participant, auction 
    platform, auctioneer or auction monitor 
 
a)  Name           KR1 Plc 
 
b)  LEI            213800WFTIIBY5SBCL19 
 
4   Details of the transaction(s): section to be repeated for (i) each type of 
    instrument; (ii) each type of transaction; (iii) each date; and (iv) each 
    place where transactions have been conducted 
 
a)  Description of 
    the financial  Ordinary shares of 0.19 pence each 
    instrument, 
    type of        ISIN: IM00BYYPQX37 
    instrument 
    Identification 
    code 
 
b)  Nature of the  Grant of options 
    transaction 
 
c)  Price(s) and   145,631 Ordinary Shares at 103p per share 
    volume(s) 
 
d)  Aggregated     N/A 
    information 
    - Aggregated 
    volume 
    - Price 
 
e)  Date of the    1 April 2022 
    transaction 
 
f)  Place of the   Not a market transaction 
    transaction 
 
About KR1 plc 
 
KR1 plc is a leading digital asset investment company supporting early-stage 
decentralised and open source blockchain projects. Founded in 2016 and publicly 
traded in London on the AQSE Growth Market (KR1:AQSE), KR1 has one of the 
longest and most successful track records of investment in the digital assets 
space by investing in decentralised platforms and protocols that are emerging 
to form new financial and internet infrastructures. 
 
www.KR1.io 
 
 
 
END 
 
 

(END) Dow Jones Newswires

April 01, 2022 06:23 ET (10:23 GMT)

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