KR1 PLC (NEX:KR1) | 4th Floor, Queen Victoria House, 41-43 Victoria Street, Douglas, Isle of Man, IM12LF | team@kr1.io

DESCRIPTION OF BUSINESS

As an investment company, we seek opportunities in the blockchain space by performing due diligence on projects in relation to their team, the project’s traction and the underlying technology.

 

We then manage our assets as the project matures, adopting rigorous ‘City’ discipline when it comes to liquidating our positions.

DETAILS

Issuer’s name:

KR1 plc

 

Corporate Advisers:

Bridgewater (IOM) Limited

4th Floor, Queen Victoria House, 41-43 Victoria Street,

Douglas, Isle of Man, IM1 2LF

 

Peterhouse Corporate Finance Limited

New Liverpool House, 15 Eldon Street,

London, EC2M 7LD

 

Incorporation:

Incorporated in the Isle of Man company no. 015310V

 

Directors:

George McDonaugh (CEO)

 

Keld van Schreven (Director)

 

Stephen Corran (Director & Secretary)

REGULATORY ANOUNCEMENTS

Required documents are available below.

Investment Strategy:

KR1 invests in digital and cryptographic assets of decentralised networks at an early stage (pre-ICO), at ICO or in secondary markets and holds these assets until those reach more mature, chosen valuation for the project. The Company brings 'City'-discipline to exiting our positions and puts the proceeds from profitable projects back into further investments. KR1 also seed funds early-stage blockchain companies and holds private equity long-term.

 

Tradable securities in issue:

136,695,850

 

Particulars of any outstanding instruments:

None

 

Substantial shareholdings:

Vidacos Nominees Limited - 33,289,473 - 26.24%

Lynchwood Nominees Limited - 9,086,837 - 7.6%

Hargreaves Lansdownn (Nominees) Limited - 8,756,190 - 6.9%

R B Rowan - 6,209,649 - 4.89%