Wrap Text
Application for Admission to the Aquis Growth Market and Placing to raise £250,000
AFRICA BITCOIN CORPORATION LIMITED
(formerly Altvest Capital Limited)
Incorporated in the Republic of South Africa
(Registration Number: 2021/540736/06)
LEI Number: 37898OOE85B7YW5EEW57
JSE Main Board – General Segment
("Africa Bitcoin Corporation" or "ABC" or the "Company" or the "Group")
Share Class JSE and A2X NSX Code OTCQB Deutsche ISIN
Codes Code Börse Code
Ordinary Shares BAC BAN AFBCF 4BC ZAE000358925
Preferred A Ordinary Shares BACA - - - ZAE000338422
Preferred B Ordinary Shares BACB - - - ZAE000338430
Preferred C Ordinary Shares BACC BANC - - ZAE000338448
Africa Bitcoin Corporation Ltd
Application for Admission to the Aquis Growth Market and
Placing to raise £250,000
Africa Bitcoin Corporation Ltd (JSE: BAC | AQUIS: ABC | NSX: BAN | OCTQB: AFBCF | FRA: 4BC), a company providing
financial services to small and medium enterprises ("SMEs") across South Africa and the world's first Bitcoin ("BTC")
backed SME growth accelerator, is pleased to announce that trading of its ordinary shares, of no par value, is expected
to commence at 8:00 a.m. BST on 17 August 2026 as a secondary listing on the Access segment of the Aquis Growth
Market ("Admission").
The Company is also pleased to announce that it has conditionally raised £250,000 (approximately R5,544,467*), before
expenses, by way of a placing of a total of 1,086,957 new Ordinary Shares of no par value each, at a price of 23 pence
(approximately R5.10*) per share. Net proceeds of the fundraise will be used for general working capital purposes.
Ordinary Share Information
• TIDM: ABC
• ISIN: ZAE000337051
• LEI: 37898OOE85B7YW5EEW57
• SEDOL: BVMVSV4
Please note the ISIN of the Ordinary Shares and the LEI of the Company have not changed.
Strategy and Business Overview
ABC is a cash generative financial services group with a Bitcoin Treasury Strategy dedicated to providing financial
services to SMEs across South Africa with a broad suite of solutions, including non-bank debt financing, insurance
offerings and other tailored financial products. ABC is the first publicly listed African company to adopt a Bitcoin Treasury
Strategy.
The Company has a primary listing on the Main Board (General Segment) of the Johannesburg Stock Exchange ("JSE")
and secondary listings on the A2X Proprietary Limited and the Namibia Securities Exchange and its ordinary shares
also trade on the OTCQB Market in the United States and the Frankfurt Stock Exchange.
The Company was founded to democratise access to capital markets and funding solutions for SMEs. Since
incorporation, the Company has structured and raised capital for several successful businesses, most notably Altvest
Credit Opportunities Fund Limited ("ACOF"), Umganu Lodge, and the Bambanani Family Group. ACOF is structured as
a non-bank lender with a capital mix of both equity and listed debt notes. As at 31 May 2026**, ACOF's total assets
under management had grown to R512 million (approximately £23.1m*), 59 loans have been made to 45 companies
across 23 industries, creating and supporting 2,406 jobs. The average loan size is R6,181,625 (approximately £0.3m*),
with an average interest rate of 18.3% and average loan cover of 2.6x. The portfolio has performed strongly, with bad
debts written off representing just 0.09% of the total loan book.
The South African Rand ("ZAR") has historically been volatile, depreciating against major reserve currencies such as
the US Dollar. Bitcoin serves as a strategic reserve asset to protect against currency debasement and inflation, thereby
enhancing the Company's ability to fund its core SME lending operations. ABC will not liquidate Bitcoin holdings to fund
routine SME lending or operations. The Bitcoin reserve is managed as an ancillary treasury asset, supporting ABC's
mission to empower African SMEs by improving the Company's capital base and lowering cost of funds for lending.
As at the date of this Announcement, the Company holds 5.5331 BTC, with an average acquisition price of approximately
R1,528,081 (approximately £68,901*) per BTC.
Additional information and the Company's Prospectus in connection with its primary listing on the JSE, is available on
the Company's website: www.africabitcoincorporation.com
Total Voting Rights
Application will be made to the JSE and Aquis Stock Exchange for the listing of the new Ordinary Shares, which is
expected to take place at the commencement of trade on 17 August 2026. The new Ordinary Shares, when issued, will
be credited as fully paid and will rank pari passu in all respects with the existing Ordinary Shares of the Company.
Following Admission, the Company's issued share capital will comprise 35,192,751 ordinary shares of no par value
each, with each share carrying the right to one vote.
* Exchange rate of 1 ZAR = GBP 0.04509 as at 30 July 2026 being the last practical date.
** The financial information contained in this announcement is based on unaudited management accounts of ACOF as
at 31 May 2026 and has not been reviewed or reported on by the Company's external auditors.
Johannesburg
31 July 2026
Africa Bitcoin Corporation Ltd
Warren Wheatley, CEO warren@africabitcoincorporation.com
Guild Financial Advisory – Aquis Corporate Adviser
Evangeline Klaassen evangeline.klaassen@guildfin.co.uk
Oberon Capital – UK Corporate Broker
Nick Lovering, Adam Pollock Tel: +44 203 179 5300
Redchurch Communications - Financial PR & IR
John Casey / Nicky Bagheri abc@weareredchurch.com
Questco Corporate Advisory Proprietary Limited – JSE Sponsor
Taryn Carter sponsor@questco.co.za
Legal Advisor – RDKM Advisory Proprietary Limited
Reggie Dlamini reggie@altvestcapital.co.za
CTSE Registry Services Proprietary Limited – Company Secretary
and Transfer Secretary admin@ctseregistry.co.za
Estelle de Jager
Cirrus Securities Proprietary Limited – NSX Sponsor
Chastin Bassingthwaighte sponsor@cirrus.com.na
The Board of directors of the Company (the "Board") accept responsibility for the contents of this announcement.
Important Notice:
The Company holds treasury reserves and surplus cash in Bitcoin. Bitcoin is a type of cryptocurrency or crypto asset.
Whilst the Board considers holding Bitcoin to be in the best interests of the Company, the Board remains aware that the
financial regulator in the UK, the Financial Conduct Authority ("FCA") considers investment in Bitcoin to be high risk. At
the outset, it is important to note that an investment in the Company is not an investment in Bitcoin, either directly or by
proxy. However, the Board considers Bitcoin to be an appropriate store of value and growth for the Company's. Such
an approach is innovative, and the Board wishes to be clear and transparent with prospective and actual investors
regarding the Company's position in this regard.
The Company is neither authorised nor regulated by the FCA, and cryptocurrencies (such as Bitcoin) are unregulated
in the UK. Additionally, the JSE does not at this time have any regulatory framework in place to regulate issuers investing
in crypto assets. Once such regulatory framework has been put in place by the JSE, the Company undertakes to adhere
thereto. As with most other investments, the value of Bitcoin can go down as well as up, and therefore the value of the
Company's Bitcoin holdings can fluctuate. The Company may not be able to realise its Bitcoin exposure for the price it
originally paid, or even for the value the Company ascribes to its Bitcoin positions, due to these market movements.
Furthermore, because Bitcoin is unregulated, the Company is not protected by the UK's Financial Ombudsman Service
or the Financial Services Compensation Scheme.
Nevertheless, the Board has taken the decision to invest in Bitcoin, and in doing so is mindful of the special risks Bitcoin
presents to the Company's financial position. These risks include (but are not limited to): (i) the value of Bitcoin can be
highly volatile, with value dropping as quickly as it can rise. There is a risk that all money invested in Bitcoin by ABC
may not be realised; (ii) the Bitcoin market is largely unregulated. There is a risk of ABC losing money due to risks such
as cyber-attacks, financial crime and counterparty failure; (iii) the Company may not be able to sell its Bitcoin at will,
should it be required. The ability to sell Bitcoin depends on various factors, including the supply and demand in the
market at the relevant time. Operational failings such as technology outages, cyber-attacks and comingling of funds
could cause unwanted delay; and (iv) crypto assets are characterised in some quarters by high degrees of fraud, money
laundering and financial crime. In addition, there is a perception in some quarters that cyber-attacks are prominent which
can lead to theft of holdings or ransom demands. The Board does not subscribe to such a negative view, especially in
relation to Bitcoin. However, prospective investors in the Company are encouraged to do your own research before
investing in ABC.
Forward looking statements
Certain statements made in this announcement are forward-looking statements. These forward-looking statements are
not historical facts but rather are based on the Company's current expectations, estimates, and projections about its
industry; its beliefs; and assumptions. Words such as 'anticipates,' 'expects,' 'intends,' 'plans,' 'believes,' 'seeks,'
'estimates,' and similar expressions are intended to identify forward-looking statements. These statements are not a
guarantee of future performance and are subject to known and unknown risks, uncertainties, and other factors, some of
which are beyond the Company's control, are difficult to predict, and could cause actual results to differ materially from
those expressed or forecasted in the forward-looking statements. Investors and potential investors should not place any
reliance on forward-looking statements, which reflect the view of the Company only as of the date of this announcement.
The forward-looking statements made in this announcement relate only to events as of the date on which the statements
are made. The Company will not undertake any obligation to release publicly any revisions or updates to these forward-
looking statements to reflect events, circumstances, or unanticipated events occurring after the date of this
announcement except as required by law or by any appropriate regulatory authority.
Date: 31-07-2026 08:00:00
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