KR1 KR1 Plc

 
TIDMKR1 
 
6 July 2023 
 
                                    KR1 plc 
 
                           ("KR1" or the "Company") 
 
                        Extension of Services Agreement 
 
KR1 plc (KR1:AQSE), a leading digital asset investment company, is pleased to 
announce that the Company and Reflexivity Research Limited (�� 
Reflexivity") have agreed to extend the proposed termination date of the 
Services Agreement entered into between the Company and Reflexivity in 2021. 
 
The parties have agreed that the Services Agreement will now continue until it 
is terminated by the Company or Reflexivity giving not less than 12 months' 
notice (previously 6 months), such notice not to be served earlier than the 
eighth anniversary (previously seventh anniversary) of the commencement of the 
Services Agreement. 
 
Reflexivity is owned by George McDonaugh and Keld van Schreven, executive 
Directors of KR1, and Janos Berghorn, the Company's Head of Research (the 
"Executives"). The amendment to the Services Agreement is therefore a related 
party transaction for the purposes of the AQSE Growth Market Apex Rulebook. 
 
The Directors of KR1, other than George McDonaugh and Keld van Schreven, 
believe that extending the period in which KR1 has exclusive access to the 
Executives and the services of Reflexivity, further aligns the interests of all 
stakeholders. Accordingly, the Directors of KR1, other than George McDonaugh 
and Keld van Schreven, having exercised reasonable care, skill and diligence, 
consider that the extension to the Services Agreement is fair and reasonable as 
far as the shareholders of the Company are concerned. 
 
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 Adviser)       +44 (0)20 7469 0930 
Mark Anwyl 
 
FTI Consulting LLP (PR Adviser)                           +44 (0)7711 387 085 
Ed Berry                                                KR1@fticonsulting.com 
Maxime Lopes 
Lynn Begany 
 
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 
 
Market Abuse Regulation (MAR) Disclosure 
 
This announcement contains inside information for the purposes of Article 7 of 
the Market Abuse Regulation EU 596/2014 as it forms part of retained EU law (as 
defined in the European Union (Withdrawal) Act 2018). 
 
 
 
END 
 
 

(END) Dow Jones Newswires

July 06, 2023 04:14 ET (08:14 GMT)

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