CoinShares announces block transaction by shareholder and share options buyback
May 29 2023 - 3:00AM
CoinShares announces block transaction by shareholder and share
options buyback
Friday, 26 May 2023 | SAINT HELIER, Jersey - CoinShares
International Limited ("CoinShares" or the "Company")
(Nasdaq Stockholm Market: CS; US OTCQX: CNSRF), Europe's leading
alternative asset manager specialising in digital assets, today
announced that it has agreed to enter a block transaction with a
shareholder to acquire 358,783 ordinary shares in the capital of
the Company.
Subject to completion of the block transaction,
the Company will repurchase from the selling shareholder a total
358,783 ordinary shares at a price per share equal to SEK 30.1143
resulting in total consideration of SEK 10,804,500. The Company
expects the block transaction to settle via cash and to complete
before 9 June 2023.
CoinShares’ decision to repurchase its shares is
consistent with the Board’s stated intent regarding the buyback
program and for the purposes of reducing the capital of the
Company.
Additionally, the Company announced that it has
today agreed a buyback of options granted over ten thousand, four
hundred and forty-six ordinary shares granted to employees pursuant
to the CoinShares Employee Incentive Plan, at a price of SEK 11 per
option.
The total number of shares in CoinShares is at
the date of this press release 68,135,425. At the time of this
press release the Company holds 589,991 own shares.
About CoinShares
CoinShares is the European leading alternative asset manager
specialising in digital assets, that delivers a broad range of
financial services across investment management, trading and
securities to a wide array of clients that includes corporations,
financial institutions and individuals. Founded in 2013, the firm
is headquartered in Jersey, with offices in France, Stockholm, the
UK and the US. CoinShares is regulated in Jersey by the Jersey
Financial Services Commission, in France by the Autorité des
marchés financiers, in the US by the Financial Industry Regulatory
Authority. CoinShares is publicly listed on the Nasdaq Stockholm
under the ticker CS and the OTCQX under the ticker CNSRF.
For more information on CoinShares, please
visit: https://coinshares.com Company | +44 (0)1534 513
100 | enquiries@coinshares.comInvestor Relations | +44 (0)1534
513 100 | enquiries@coinshares.com
This information is information that CoinShares
International Limited is obliged to make public pursuant to the EU
Market Abuse Regulation (596/2014). The information in this press
release has been published through the agency of the contact
persons set out above, at 19:00 BST on Friday, 26 May 2023.