1 April 2022
(“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.
For further information please contact:
Keld van Schreven
|+44 (0)1624 630 630|
|Peterhouse Capital Limited (AQSE Corporate Adviser)
|+44 (0)20 7469 0930|
|FTI Consulting LLP (PR Adviser)
|+44 (0)7711 387 085
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|
|2||Reason for the notification|
|b)||Initial notification /Amendment||Initial|
|3||Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor|
|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 instrument, type of instrument
Ordinary shares of
|b)||Nature of the transaction||Grant of options|
|c)||Price(s) and volume(s)||145,631 Ordinary Shares at 103p per share|
- Aggregated volume
|e)||Date of the transaction||1 April 2022|
|f)||Place of the transaction||Not a market 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