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Arqit Quantum | SC 13D/A: Statement of acquisition of beneficial ownership by individuals (Amendment)-David Williams(26.8%),David Bestwick(23.2%), etc.

SEC announcement ·  Apr 16 04:50
Summary by Futu AI
On April 15, 2024, Arqit Quantum Inc., a company specializing in quantum encryption technology, disclosed significant changes in share ownership through an amended Schedule 13D filing with the SEC. The filing revealed that D2BW Limited, a private company owned by David Williams and David Bestwick, who are also executives at Arqit Quantum, has acquired additional shares, increasing their ownership stake. D2BW Limited now holds 31,564,030 ordinary shares, representing 18.9% of the company. David Williams, Chairman and CEO, directly owns 44,717,521 shares, amounting to a 26.8% stake, while David Bestwick, Chief Technology Officer, directly owns 38,638,729 shares, or 23.2%. The filing also detailed the use of shares as collateral for a loan from St. James Bank and Trust Company Limited, with D2BW Limited pledging up to 16,200,000 shares. A portion of the loan proceeds...Show More
On April 15, 2024, Arqit Quantum Inc., a company specializing in quantum encryption technology, disclosed significant changes in share ownership through an amended Schedule 13D filing with the SEC. The filing revealed that D2BW Limited, a private company owned by David Williams and David Bestwick, who are also executives at Arqit Quantum, has acquired additional shares, increasing their ownership stake. D2BW Limited now holds 31,564,030 ordinary shares, representing 18.9% of the company. David Williams, Chairman and CEO, directly owns 44,717,521 shares, amounting to a 26.8% stake, while David Bestwick, Chief Technology Officer, directly owns 38,638,729 shares, or 23.2%. The filing also detailed the use of shares as collateral for a loan from St. James Bank and Trust Company Limited, with D2BW Limited pledging up to 16,200,000 shares. A portion of the loan proceeds was used to acquire an additional 1,241,379 shares from Arqit Quantum. The loan, maturing in 2028, allows D2BW Limited voting power over the pledged shares, with the lender restricted from trading unless a default occurs. The filing also noted that Williams and Bestwick may engage in discussions with various parties about the company's direction and investment strategies.

This announcement is a separate document:

Doc 1

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