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:
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Phoenix Digital
Assets
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Jonathan Bixby
Executive
Chairman
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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