KR1 plc - Variation of Incentive Scheme and Grant of Options PR Newswire Variation of Incentive Scheme and Grant of Options KR1 plc (KR1:AQSE), a leading digital asset investment company, is pleased to announce that the Company's Compensation Committee has agreed to vary the terms of the existing Directors' and Analysts' Bonus Scheme (the "Performance Incentive Scheme" or "Scheme") so as to further align participants' interests with those of shareholders. Specifically, in respect of the period ended on 31 December 2020, the participants in the Performance Incentive Scheme have agreed to receive 80% of any entitlement under the Scheme in the form of new ordinary shares of 0.19p each in the Company ("Ordinary Shares"), with the remaining 20% of any entitlement to be satisfied in cash. Any entitlements under the Scheme will be determined on completion of the audit of the Company's results for the year ended 31 December 2020 and any Ordinary Shares to be issued in respect of entitlements under the Scheme will be issued at a price equivalent to the audited net asset value per share as at 31 December 2020.