Arqit founders to buy shares

April 15, 2024

https://www.globenewswire.com/news-release/2024/04/15/2862701/0/en/Arqit-founders-to-buy-shares.html

LONDON, April 15, 2024 (GLOBE NEWSWIRE) — Arqit Quantum Inc. (Nasdaq:ARQQ, ARQQW) (Arqit), a leader in quantum-safe encryption, announced today that D2BW Limited, an existing shareholder beneficially owned by Arqit’s Founder, Chairman and Chief Executive Officer, David Williams, and Founder and Chief Technology Officer, David Bestwick has agreed to purchase 1,241,379 ordinary shares from Arqit, with total gross proceeds to Arqit prior to the deduction of expenses of approximately $900,000. The purchase price per share is $0.725, which was the closing price of Arqit’s ordinary shares as reported by Nasdaq on 28 March 2024. No warrants were granted in connection with the purchase. The transaction is expected to close on 15 April 2024.

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