Tuesday, 28 February 2023 | SAINT HELIER, Jersey – Coinshares International Limited (“Coinshares” or the “Company”) (Nasdaq Stockholm Market: CS; US OTCQX: CNSRF), Europe's largest and leading digital asset investment and trading group, today announced that it has agreed to enter into a block transaction with a shareholder to acquire 50,000 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 of 50,000 ordinary shares at a price per share equal to SEK 33.00 resulting in a total consideration of SEK 1,650,000 (approximately GBP 131,598.26). The Company expects the block transaction to settle via cash and to complete before Friday, 10 March 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. Jean-Marie Mognetti, CoinShares’ Chief Executive Officer, stated “We are pleased to announce the repurchase of our own shares in-line with CoinShares’ capital allocation strategy”.
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 266,878 own shares.
CoinShares is Europe’s largest and leading digital asset investment and trading group, managing billions of assets on behalf of a global client base. Our mission is to expand investing into digital assets with our trusted, regulated, best-in-class product suite that provides investors with trust and transparency when accessing cryptocurrencies. We believe that Bitcoin and blockchain networks are landmark innovations that will fundamentally reshape the global financial system and the way we interact digitally, and investors should be able to participate in this transformation. CoinShares is publicly listed on the Nasdaq Stockholm under ticker CS and the OTCQX under the ticker CNSRF. CoinShares has multiple touchpoints with financial regulatory bodies around the world, including the AMF, JFSC and FINRA.
For more information on CoinShares, please visit: https://coinshares.com
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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 08:00 GMT on Tuesday, 28 February 2023.