ANNOUNCEMENT OF APPLICATION FOR ADMISSION TO THE AQSE GROWTH MARKET

APPLICANT NAME:

Quetzal Capital Plc (to be renamed Tap Global Group Plc) (“Company”) 

APPLICANT REGISTERED OFFICE, PRINCIPAL PLACE OF BUSINESS (IF DIFFERENT) AND TELEPHONE NUMBER:

Registered Office:

6th Floor, 60 Gracechurch Street, London, EC3V 0HR.

Principal Business address:

Madison Building, Midtown, Queensway, Gibraltar, GX11 1AA.

DIRECTORS AND PROPOSED DIRECTORS (IF APPLICABLE):

Existing (resigning conditional on re-admission)

Fungai Ndoro (Executive Director)

Anthony (“Tony”) James Quirke (Finance Director)

Existing (remaining on re-admission)

John Edward Taylor (Non-Executive Chairman)

Proposed

David Aaron Carr (Chief Executive Officer)

Arsen Torosian (Chief Strategy Officer)

Desmond Andrew Hellicar-Bowman (Non-Executive Director)

APPLICANT SECTOR:

Financials

DESCRIPTION OF THE APPLICANT AND ITS ACTIVITIES:

Tap Global is an innovative and fully integrated provider of crypto settlement and fiat banking.

A single regulatory registration provides Tap Global customers with access to several major crypto exchanges through Tap Global’s app, allowing them to purchase up to 15 crypto assets and store them directly in the customer’s wallet. The wallet can also store fiat currency denominated in Sterling, Euros and/or US$.

Tap Global also offers full fiat banking for both B2B and B2C and crypto services to its customers. Through a single regulatory portal, Tap Global’s customers can access several major crypto exchanges and, using the Company’s proprietary Artificial Intelligence middleware, customers are able to benefit from best execution and pricing in real time. This allows Tap Global to offer competitive pricing for trades and instant crypto or cash settlement.

NAME OF AQSE CORPORATE ADVISER:

Peterhouse Capital Limited

NUMBER, CLASS AND PAR VALUE OF SECURITIES TO BE ADMITTED:

693,409,624 Ordinary Shares of 0.1 pence each

SECURITIES IN PUBLIC HANDS AS A PERCENTAGE OF THE TOTAL NUMBER OF SECURITIES IN ISSUE (excluding securities held in treasury):

Approximately 33%

SHAREHOLDERS HOLDING MORE THAN FIVE PER CENT OF THE APPLICANT’S SHARE CAPITAL OR VOTING RIGHTS PRE- AND POST-ADMISSION:

TIMETABLE FOR ANY OFFER OF TRANSFERABLE SECURITIES TO THE PUBLIC:

N/A

THE EXPECTED ADMISSION DATE:

On or around 10 January 2023

WEBSITE ADDRESS WHERE INVESTOR INFORMATION WILL BE AVAILABLE FOR INSPECTION:

https://www.tap.global/gb-en 

In respect of a fast-track applicant, the following information should also be included:

NAME OF MARKET ON WHICH THE APPLICANT’S SECURITIES ARE CURRENTLY TRADED:

ARRANGEMENTS FOR THE SETTLEMENT OF TRANSACTIONS IN THE APPLICANT’S SECURITIES:

DETAILS OF ANY LOCK-IN ARRANGEMENTS:

DETAILS OF THE LEGAL OR REGULATORY REQUIREMENTS IN THE APPLICANT’S HOME COUNTRY REGARDING THE CONDUCT OF TAKEOVERS AND THE ACQUISITION OF SIGNIFICANT VOTING RIGHTS TO WHICH THE APPLICANT IS SUBJECT:

In respect of an update to a prior application announcement, the date of the original announcement should also be disclosed as follows:

UPDATE TO A PRIOR APPLICATION ANNOUNCEMENT RELEASED ON:

16 December 2022