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| TIDM | PNIX |
| Share Price | Loading... |
| Market Cap | Loading... |
| Date | 22 Apr 2025 |
| Time | 07:00:14 |
| Category | Miscellaneous |
| ID | 5920F |
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.
22 April 2025
Phoenix Digital Assets PLC
("Phoenix" or "the Company")
Exercise of Options and Issue of Shares
Phoenix (AQSE: PNIX) announces that it has received notice from two option holders to exercise options over 3,875,000 ordinary shares of £0.001 each in the Company ("Ordinary Shares") at an exercise price of 1p per Ordinary Share ("New Ordinary Shares"). Of these, 2,000,000 options were exercised by the Company's director, Tim le Druillenec. As a result, the Company will issue 3,875,000 new Ordinary Shares to the exercising option holders.
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 28 April 2025.
Total Voting Rights
Following Admission, the Company's total issued and voting share capital will consist of 464,750,000 each share carrying the right to one vote, of which 21,067,901 are held in treasury. For reporting purposes under the FCA's Disclosure and Transparency Rules the market should exclude any shares held in treasury and should use the figure 443,682,099 when determining 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:
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Phoenix Digital Assets |
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Jonathan Bixby Executive Chairman |
Via First Sentinel |
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First Sentinel |
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Corporate Adviser Brian Stockbridge
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+44 7858 888 007
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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
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1. |
Details of the person discharging managerial responsibilities / person closely associated |
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a) |
Name |
Tim Le Druillenec |
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2. |
Reason for the Notification |
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a) |
Position/status |
Director |
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b) |
Initial notification / Amendment |
Initial notification |
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3. |
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor |
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a) |
Name |
Phoenix Digital Assets PLC
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b) |
LEI |
984500E15WF052FFEB19 |
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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 |
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a) |
Description of the Financial instrument, type of instrument |
Ordinary shares of £0.001 each |
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Identification Code |
GB00BMW34204 |
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b) |
Nature of the transaction |
Exercise of warrants |
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c) |
Price(s) and volume(s) |
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d) |
Aggregated information: · Aggregated volume · Price |
2,000,000 £20,000 |
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e) |
Date of the transaction |
22 April 2025 |
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f) |
Place of the Transaction |
Outside a trading venue |
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