Quantum Base Holdings plc (QUBE) ORD GBP0.001

What is happening?

Quantum Base Holdings (QUBE) have announced their intention to raise up to £4.75m via a Placing for institutional investors and a Retail Offer for individual investors.

Quantum Base Holdings (QUBE) have decided not to issue a prospectus as part of the fundraising. This means the Offer may only be open for a very short period, can close at any time without prior warning, and information can be limited to the Company announcement.

Key Details

• Applications are scheduled to close at 12pm on Wednesday 10 December. However, due to the nature of the fundraising, applications can close at any time without prior warning.

• Shares are being offered at a fixed price of 21 pence.

• The minimum application for the Retail Offer is £250.

• The Retail Offer is capped at a maximum of £750,000, meaning that if the total value of applications received by the Issuer exceeds this figure, a scaling back policy is likely to be applied.

• Hargreaves Lansdown will receive 0.5% commission on the total allocation from the issuer as part of the Offer.

• By applying for shares in the Offer you are deemed to have read, understood and agreed to the HL Retail Offer Terms and Conditions, HL Retail Offer Risk Warning and the Company Announcement. These documents can be found in the Secure Messaging Centre of your online account.

What are my options?

Option 1 – Do nothing. If you don’t apply for shares by the deadline of 12pm on Wednesday 10 December, the Offer will lapse.

Option 2 – You can purchase new shares at 21 pence.

If you wish to submit an order outside of the product you currently hold your shares in, please leave a note in the comments section.

To amend an application you’ve already submitted online, please enter a new instruction and this will overwrite any previous instruction you’ve given. You can cancel an instruction whilst applications are still open by submitting a new application and entering ‘0.00’.

Please note that any instruction you give must be based on the full details provided and not just on the summary of information provided above.

Enterprise Investment Scheme (EIS) Shares

As part of the Retail Offer, you are able to elect to have your shares designated as Enterprise Investment Scheme (EIS) shares. This is a government scheme which can confer certain tax benefits to an investor in eligible companies.

The conditions for EIS Relief are complex and relevant investors are recommended to seek their own professional advice before investing, in order that they may fully understand how the relief legislation may apply in their individual circumstances. Any investor who is in any doubt as to their taxation position under the EIS legislation, or who is subject to tax in a jurisdiction other than the UK, should consult an appropriate professional adviser.

If you wish to apply for EIS shares, please add a note in the comments section of the application. Please note, EIS shares can only be held in an HL Fund and Share Account.

If you have already submitted an application but would like to apply for EIS shares, please submit a new application with a note in the comments section. Any new application you make will overwrite any previously submitted applications.

By applying for EIS shares, you permit HL to share the following information with the Company and their Corporate Broker:

1. Full Name

2. Postal Address
3. Number of shares allocated to you in the Quantum Base Holdings Retail Offer.

Using this information, the company will apply for and HMRC will issue EIS certificates relating to your allocation. The EIS certificates will then be distributed typically 3-6 months later.

Please note that any information files we share with the Issuer will be encrypted, and password protected.

When do I have to decide by?

Any instruction to participate in the Retail Offer must be received by 12pm on Wednesday 10 December. If no instruction is received the Offer will lapse.

Before submitting an instruction, you should carefully read the Company Announcement, HL Retail Offer Risk Warnings & Terms and Conditions which are attached to the Retail Offer notification. You can find this in the Secure Messaging Centre of your online account.

By submitting an instruction, you are deemed to have read and understood these documents as well as agreed to any terms within.

What happens after I apply?

If you apply for shares, you’ll receive two further secure messages. The first will confirm your application and will be sent shortly after 1pm on Wednesday 10 December. The second will confirm how many shares you’ve been allocated; this will be sent by Thursday 11 December.

You’ll be able to view your application in the ‘Pending Orders’ tab of your online account from midday on Thursday 11 December.

Once your application has been accepted it’s not possible to cancel or amend your instruction. If you don’t have sufficient cash available to fund your allocation, we’ll sell a portion of your largest holding(s) at the telephone dealing rate to cover the cost.

Your shares are due to be credited on Monday 22 December. However, this may be delayed in the event the company fails to deliver your shares to us by this time. Please note admission is subject to the approval of a resolution at the General Meeting expected to be convened on Friday 19 December.

To assist the Company during the allocation process, we may be required to disclose the number of Quantum Base Holdings (QUBE) shares you hold with Hargreaves Lansdown. We’ll do this by calculating the shares held in your Hargreaves Lansdown account at the close of business on Tuesday 09 December.

It should be noted that an application for the shares and any investment in the Company carry a number of risks. Investors should carry out their own investigations into the merits of an investment in the Company.

This message is not personal advice and is simply a summary of the Quantum Base Holdings (QUBE) announcement.

If you require any assistance, please contact our Helpdesk on 0117 900 9000.