NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN OR INTO OR FROM
9 June 2022
Quantum Exponential Group plc
(the 'Company' or 'Quantum Exponential')
Quantum Exponential Group plc (AQUIS: QBIT), a company focused on investing in quantum technology, is pleased to provide an update including a number of senior appointments, further strengthening the experience available to the Company.
· Three investments made into Quantum technology companies in the last three months, in addition to the option to acquire shares in Arqit Quantum Inc:
· Discussions ongoing with a number of potential investee companies
· Addition to the team of Simon Frost as Chief Financial Officer, Anthony Lyall as Investment Manager, and Anna Spandl as Investment Analyst
As stated at the time of Admission, Quantum Exponential had identified c.60 companies meeting its investment strategy. This list continues to expand and in recent months the Company has invested in three Quantum technology companies, of which Quantum Exponential has invested alongside an impressive list of new and existing institutional investors. The Company continues to hold discussions with a number of further potential investee companies, several of which are being actively pursued, subject to detailed due diligence and completion of legal documentation.
In addition, and as previously announced, Quantum Exponential is also looking to capitalise on the board's significant experience and is continuing to explore creating and managing 10-year limited partnership venture capital vehicles through the creation of a Quantum Limited Partnership Fund. The
Senior Management and Investment Team
Quantum Exponential are pleased to announce the appointment of Anthony Lyall as Investment Manager to work alongside the Company's CIO, Stuart Nicol. Anthony has extensive knowledge and experience of investing in technology start-ups as well as being founder of several early-stage companies himself and will lead transaction execution. To support Anthony, Anna Spandl has been appointed as Investment Analyst. Based in
In addition, Simon Frost has been appointed as the Company's Chief Financial Officer. A qualified chartered accountant, Simon's previous experience included Partner at Keith, Bayley, Rogers & Co., the Corporate Finance division of Walker Crips Group plc. Simon was formally Group CFO of Proactive Investors.
This announcement contains information which, prior to its disclosure, was inside information as stipulated under Regulation 11 of the Market Abuse (Amendment) (EU Exit) Regulations 2019/310 (as amended).
The Directors take responsibility for this announcement.
For more information, visit the Company's website: www.quantum-exponential.co.uk
For further information please contact:
Steven Metcalfe, Chief Executive Officer c/o +44 (0)207 236 1177
Novum Securities (AQSE Corporate Adviser)
David Coffman, Lucy Bowden Tel: +44 (0)20 7399 9400
Oberon Capital (Broker) +44 (0)20 3179 5344
Mike Seabrook, Chris Crawford
St Brides Partners Limited (Financial PR)
Catherine Leftley, Ana Ribeiro, Isabelle Morris +44 (0)207 236 1177
Notes to Editors
About Quantum Exponential Group plc
Quantum Exponential is a first of its kind, AQSE Growth Market SPAC, focused on opportunities in quantum technology and the wider quantum computing sector, with an advisory board made up of industry advisors, entrepreneurs, and technology investment professionals with broad access to quantum opportunities and markets. Quantum Exponential's investment strategy is to assemble a portfolio of minority investments in early-stage global quantum technology companies, primarily in NATO allied countries, offering institutional and private investors access to revolutionising technologies and industries in the realms of artificial intelligence, manufacturing and healthcare.
Quantum Exponential trades on AQSE Growth Market under the ticker symbol "QBIT'.