​

​

Number of

Number of

Share capital

Share capital

​

ordinary shares

deferred shares*

£

$ equivalent

​

​

​

​

​

​

​

​

​

At 1 October 2020 – par value £0.0001

1,286,600

—

129

158

Conversion of convertible loan notes

​

710,074

​

—

​

71

​

98

Deferred shares issued

​

(42,500)

​

42,500

​

—

​

—

Exchanged for shares in the Company in reverse acquisition

1,954,174

42,500

200

256

*

Deferred shares are non-redeemable and have no voting rights and no rights to dividends. On a distribution on a winding up, the holders of the shares shall receive a total of £1.00 for the entire class of deferred shares.

​

Number of ordinary

Share capital

​

​

shares

​

$

Inception, April 26, 2021 – par value $1

1

​

1

Treasury shares

(1)

​

(1)

Shares issued in merger with Centricus

12,973,430

​

1,297

Shares issued in exchange for Arqit Limited shares

90,000,000

​

9,000

Shares issued to PIPE investors

7,100,000

​

710

September 30, 2021 – par value $0.0001

110,073,430

​

11,007