Phoenix Digital - Exercise of Options and Issue of Shares
31/05/2024 07:00
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RNS Number : 5425Q Phoenix Digital Assets PLC 31 May 2024
31 May 2024
This announcement contains information which, prior to its disclosure, was
inside information as stipulated under Regulation 11 of the Market Abuse
(Amendment) (EU Exit) Regulations 2019/310 (as amended). Upon the publication
of this announcement via a Regulatory Information Service, this inside
information is now considered to be in the public domain.
Phoenix Digital Assets PLC
("Phoenix" or "the Company")
Exercise of Options and Issue of Shares
Phoenix (AQSE: PNIX), an investment firm, announces that it has received
notice from an option holder to exercise options over 5,625,000 ordinary
shares of £0.001 each in the Company ("Ordinary Shares") at an exercise price
of 1p per Ordinary Share ("New Ordinary Shares"). As a result, the Company
will issue 5,625,000 new Ordinary Shares to the exercising option holder.
Application will be made for the New Ordinary Shares, which will rank pari
passu with the existing Ordinary Shares in issue, to be admitted to trading on
the AQSE Growth Market ("Admission"). Dealings are expected to commence on or
around 6 June 2024.
Total Voting Rights
Following Admission, the Company's total issued and voting share capital will
consist of 1,085,875,000 Ordinary Shares. The Company does not hold any
ordinary shares in treasury.
The above figure may be used by shareholders as the denominator for the
calculations by which they will determine if they are required to notify their
interest in, or a change to their interest in, the Company under the FCA's
Disclosure and Transparency Rules.
The FCA notification, made in accordance with the requirements of the UK
Market Abuse Regulation, is appended below.
The directors of Phoenix accept responsibility for this announcement.
For further information please contact:
Phoenix Digital Assets
Jonathan Bixby Via First Sentinel
Executive Chairman
First Sentinel
Corporate Adviser +44 7858 888 007
Brian Stockbridge
About Phoenix:
Phoenix Digital Assets PLC invests in a diversified portfolio of
cryptocurrency, and/or in companies or funds which have exposure to NFT or
blockchain technology. The Company's leadership team have an extensive track
record in the cryptocurrency sector and previously founded Argo Blockchain
PLC, a global crypto miner. Phoenix is headquartered in London, UK and its
shares are listed on the Aquis Stock Exchange Growth Market under the ticker
symbol PNIX. https://www.getphoenix.co.uk (https://www.getphoenix.co.uk/)
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