Quantum Blockchain Technologies PLC (AIM:QBT, FRA:BYA1) has reported a delay in a long-running effort to recover funds related to a dispute, after Italian enforcement proceedings against a former director were stayed.
The company said it now expects a separate €132,000 payment from the Mediapolis insolvency before the end of June.
The AIM-listed group said the enforcement process had included the sale of a seized real estate asset scheduled for 6 May 2026. But that process has now been paused after the former Sipiem director filed for bankruptcy, prompting an Italian court to stay the proceedings. The Sipiem claim relates back to a Venice Court of Appeal judgment issued on 10 June 2024, under which QBT, through wholly owned subsidiary Clear Leisure 2017 Limited, was awarded damages of more than €6 million, plus interest and additional compensation for inflationary loss over time.
Separately, QBT said the final outstanding creditor dispute in the Mediapolis insolvency has been resolved, clearing the way for a final instalment of around €132,000 to be paid under its settlement agreement once the remaining formalities are completed. The company expects that to happen before the end of June 2026.
