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.
25 October 2024
Phoenix
Digital Assets PLC
("Phoenix" or the "Company")
TRANSACTION IN OWN
SHARES
Phoenix Digital Assets PLC (AQSE:
PNIX) announces that, pursuant
to the share buyback programme (the "Programme") announced on 12
August 2024, it acquired the following number of ordinary shares of
0.1 pence each ("Ordinary Shares") through Dowgate
Capital.
|
Date of purchase:
|
24 October 2024
|
|
Number of Ordinary Shares purchased:
|
500,000
|
|
Highest price paid per share (GBP):
|
4.75p
|
|
Lowest price paid per share (GBP):
|
4.75p
|
|
Volume weighted average price paid
(GBP):
|
4.75p
|
Notification of
total voting rights in accordance with paragraph 5.6.1 of the FCA's
Disclosure Guidance and Transparency Rules
The purchased Ordinary Shares will be held in
treasury by the Company. Following this purchase, the issued share
capital of the Company is 460,875,000 Ordinary Shares, each share
carrying the right to one vote, of which 15,942,901 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 444,932,099 when determining if
they are required to notify their interest in, or a change to their
interest in the Company. The Company will make further
announcements in due course following the completion of any further
purchases pursuant to the Programme.
In accordance with Article 5(1)(b) of Regulation
(EU) No 596/2014 as it applies in the UK (the Market
Abuse Regulation), the table below contains detailed information of
the individual trades made by Dowgate Capital on behalf of the
Company as part of the share buyback programme.
Individual transaction
|
Number of ordinary Shares
|
Transaction price (GBP share)
|
Time of transaction (UK time)
|
Trading venue
|
|
500,000
|
4.75p
|
16:31
|
AQSE
|
The Directors of Phoenix accept responsibility
for this announcement.
For further information please
contact:
|
Phoenix
Digital Assets PLC
|
|
|
Jonathan
Bixby
Executive Chairman
|
+44
7876 888 011
|
|
First
Sentinel Corporate 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