5
August 2024
Supernova Digital Assets
PLC
("Supernova" or the "Company")
Share capital reduction
update and proposed return of value to
shareholders
Supernova (AQSE: SOL), a company
specialising in the Solana ecosystem, is pleased to announce that,
following the announcement on 24 July 2024, the court order and
statement of capital have been received and registered by the
Registrar of Companies. Therefore, the
share capital reduction is now effective.
Following the implementation of the
share capital reduction, there will be no change in the nominal
value of the Company's shares or the number of shares in
issue.
Proposed return of value to shareholders
On 4 March 2024, the Company
announced that:
·
it intended to return value to shareholders after
Phoenix Digital Assets PLC (AQSE: PNIX) completed its tender offer
to shareholders; and
·
it intended to achieve the return of value by
purchasing its own shares.
Phoenix Digital Assets PLC has now
completed its tender offer to shareholders.
Buyback
Following the cancellation of the
share premium account, it remains the Company's intention to
implement a buyback in due course.
For further information please
contact:
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Supernova Digital Assets
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Mike Edwards
Executive Chairman
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+44
7858 888 007
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First Sentinel
|
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Corporate Adviser
Brian Stockbridge
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+44
7876 888 011
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About Supernova Digital
Assets:
The Company will look to identify
investment and business building opportunities in the high growth
Solana and crypto currency ecosystem. The Board intends to deploy
the majority of the Company's cash resources in the acquisition of
minority interests in a number of different, yet to be identified,
companies in the broad Solana and crypto currency ecosystem, and to
apply expertise to the business operations and strategic plans of
these companies. The experience, operational skills and contacts of
the Board are intended to act as an accelerator to start-ups and
early-stage companies to maximise their profit opportunity. It is
anticipated that returns to Shareholders will be delivered through
a combination of an appreciation in the Company's share price and
through the adoption of a progressive dividend policy. The
Company's Directors have an established track record, experience
and networks in the crypto currency sector, digital assets
management, as well as the media industry to drive value
creation.