Dispersion Holdings - Result of General Meeting

Press Release

26 October 2021 

Dispersion Holdings PLC

("Dispersion" or "The Company") 

Result of GM, Completion of Acquisitions and Board Changes

Dispersion (AQSE: DEFI), an incubator specialising in decentralised finance ("DeFi"), is pleased to announce that at the Company's General Meeting held earlier today, all resolutions were duly passed.

The passing of the resolutions enables the completion of the acquisitions of Accru Finance Limited ("Accru") and DeFi Yield Technologies Inc. ("DFTI") which were announced on 18 October 2021 and 25 October 2021 respectively.

The consideration for the acquisition of Accru is the issue of 250,000,000 new ordinary shares in the Company and the consideration for the acquisition of DFTI is the issue of 348,725,646 new ordinary shares in the Company. These shares will be admitted to trading on AQSE on 29 October 2021.

The new ordinary shares will rank pari passu with the existing ordinary shares of the Company. Following the issue of the new ordinary shares, the Company's issued share capital will comprise 1,221,225,646 ordinary shares of 0.1p (including the 598,725,646 new ordinary shares). The above figure of 1,221,225,646 should be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the share capital of the Company under the Financial Conduct Authority's Disclosure Guidance and Transparency Rules.

As announced on 18 October 2021, following the completion of the Accru acquisition, Philip Blows and Digby Try are being appointed as directors of Dispersion. Mr Blows has been appointed chief executive and Mike Edwards becomes executive chairman.

The following information is disclosed pursuant to Rule 4.9 of the AQSE Growth Market Access Rulebook.

There is no further information to be disclosed pursuant to Rule 4.9 of the AQSE Growth Market Access Rulebook.

Philip Blows, chief executive of Dispersion Holdings, said: "The acquisition of both Accru Finance and DeFi Yield Technologies is a significant development for Dispersion and will enable the Company to accelerate and execute our long-term growth strategies within the burgeoning DeFi market sector."

The directors of Dispersion Holdings plc accept responsibility for this announcement.

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About Dispersion Holdings PLC:

Dispersion Holdings is an incubator specialising in opportunities in decentralised finance (DeFi), a disruptive technology using blockchain and cryptocurrencies to remove financial intermediaries from transactions, creating a cheaper, more efficient and more secure way of providing financial services. Listed on the Aquis Exchange in London, we apply our expertise to the business operations and strategic plans of FinTech companies in the UK, USA and Canada, and act as an accelerator for start-ups and early-stage companies. www.dispersionholdings.com