Phoenix Digital - Grant of Options and PDMR Dealings

Phoenix Digital Assets

20/08/2025 07:00

RNS Number : 0043W

Phoenix Digital Assets PLC

20 August 2025

 

20 August 2025

 

 

Phoenix Digital Assets PLC

 

("Phoenix" or the "Company")

 

Grant of Options, PDMR Dealings

And Related Party Transaction

 

Phoenix Digital Assets PLC (AQSE: PNIX) announces that it has granted a total of 35,000,000 Options to five Directors (or through companies owned by them) of the Company to subscribe for new ordinary shares of £0.001 each ("Options") as outlined below.

The Options have an exercise price of £0.0575 per ordinary share, being the closing mid-market price on the date of grant, 19 August 2025. One-third of the Options will vest immediately, with the remaining two-thirds vesting in equal monthly instalments of 1/24th over a two-year period. The Options will be exercisable for a term of five years.

Director
Number of Options being issued
Total number of Options held including this issue
Toro Conuslting Ltd
(a company controlled by Jonathan Bixby)
15,000,000
23,333,333
Marallo Holdings Inc
(a company controlled by Mike Edwards)
7,500,000
11,916,667
Nick Lyth
7,500,000
20,500,000
Tim Le Druillenec
2,500,000
7,500,000
Jonathan Hives
2,500,000
4,500,000

 

Following the issue of the above-mentioned Options, the Company will have a total of      77,125,000 Options in issue. 

Related Party Transaction

 

Under AQSE Rule 4.6, the grant of Options is deemed to be a related party transaction. As all Directors are recipients of the Options, First Sentinel Corporate Finance Limited, the Company's AQSE Corporate Adviser, has reviewed the terms of the grant of Options and confirms that the Board, in exercising reasonable care, skill, diligence and has concluded that the terms of the Option are fair and reasonable insofar as the Company's shareholders are concerned.

The Directors of Phoenix accept responsibility for this announcement. 

For further information please contact:

 

Phoenix Digital Assets PLC
Jonathan Bixby
Executive Chairman
Via First Sentinel
First SentinelCorporate Finance Limited
Corporate Adviser
Brian Stockbridge
+44 7858 888 007

 

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

 

1.
Details of the person discharging managerial responsibilities / person closely associated
a)
Name
Toro Conuslting Ltd
2.
Reason for the Notification
a)
Position/status
PCA of Jonathan Bixby, Executive Chairman of Phoenix Digital Assets PLC
b)
Initial notification / Amendment
Initial notification
3.
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)
Name
Phoenix Digital Assets PLC
b)
LEI
984500E15WF052FFEB19
4.
Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)
Description of the Financial instrument, type of instrument
Options over Ordinary shares of £0.001 each
Identification Code
GB00BMW34204
b)
Nature of the transaction
Issue of Options at GBP 0.0575 exercise price issued at Nil consideration
c)
Price(s) and volume(s)
Price(s)
Volume(s)
£0.0575
15,000,000
d)
Aggregated information:
· Aggregated volume
· Price
Single transaction
e)
Date of the transaction
19 August 2025
f)
Place of the Transaction
Outside of a trading venue

 

1.
Details of the person discharging managerial responsibilities / person closely associated
a)
Name
Marallo Holdings Inc
2.
Reason for the Notification
a)
Position/status
PCA of Mike Edwards, Director of Phoenix Digital Assets PLC
b)
Initial notification / Amendment
Initial notification
3.
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)
Name
Phoenix Digital Assets PLC
b)
LEI
984500E15WF052FFEB19
4.
Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)
Description of the Financial instrument, type of instrument
Options over Ordinary shares of £0.001 each
Identification Code
GB00BMW34204
b)
Nature of the transaction
Issue of Options at GBP 0.0575 exercise price issued at Nil consideration
c)
Price(s) and volume(s)
Price(s)
Volume(s)
£0.0575
7,500,000
d)
Aggregated information:
· Aggregated volume
· Price
Single transaction
e)
Date of the transaction
19 August 2025
f)
Place of the Transaction
Outside of a trading venue

 

1.
Details of the person discharging managerial responsibilities / person closely associated
a)
Name
Nicholas Lyth
2.
Reason for the Notification
a)
Position/status
Director of Phoenix Digital Assets PLC
b)
Initial notification / Amendment
Initial notification
3.
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)
Name
Phoenix Digital Assets PLC
b)
LEI
984500E15WF052FFEB19
4.
Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)
Description of the Financial instrument, type of instrument
Options over Ordinary shares of £0.001 each
Identification Code
GB00BMW34204
b)
Nature of the transaction
Issue of Options at GBP 0.0575 exercise price issued at Nil consideration
c)
Price(s) and volume(s)
Price(s)
Volume(s)
£0.0575
7,500,000
d)
Aggregated information:
· Aggregated volume
· Price
Single transaction
e)
Date of the transaction
19 August 2025
f)
Place of the Transaction
Outside of a trading venue

 

1.
Details of the person discharging managerial responsibilities / person closely associated
a)
Name
Jonathan Hives
2.
Reason for the Notification
a)
Position/status
Director of Phoenix Digital Assets PLC
b)
Initial notification / Amendment
Initial notification
3.
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)
Name
Phoenix Digital Assets PLC
b)
LEI
984500E15WF052FFEB19
4.
Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)
Description of the Financial instrument, type of instrument
Options over Ordinary shares of £0.001 each
Identification Code
GB00BMW34204
b)
Nature of the transaction
Issue of Options at GBP 0.0575 exercise price issued at Nil consideration
c)
Price(s) and volume(s)
Price(s)
Volume(s)
£0.0575
2,500,000
d)
Aggregated information:
· Aggregated volume
· Price
Single transaction
e)
Date of the transaction
19 August 2025
f)
Place of the Transaction
Outside of a trading venue

 

1.
Details of the person discharging managerial responsibilities / person closely associated
a)
Name
Tim Le Druillenec
2.
Reason for the Notification
a)
Position/status
Director of Phoenix Digital Assets PLC
b)
Initial notification / Amendment
Initial notification
3.
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)
Name
Phoenix Digital Assets PLC
b)
LEI
984500E15WF052FFEB19
4.
Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)
Description of the Financial instrument, type of instrument
Options over Ordinary shares of £0.001 each
Identification Code
GB00BMW34204
b)
Nature of the transaction
Issue of Options at GBP 0.0575 exercise price issued at Nil consideration
c)
Price(s) and volume(s)
Price(s)
Volume(s)
£0.0575
2,500,000
d)
Aggregated information:
· Aggregated volume
· Price
Single transaction
e)
Date of the transaction
19 August 2025
f)
Place of the Transaction
Outside of a trading venue

 

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