14 February 2024 | SAINT HELIER, Jersey - As announced on 07 November 2023, the Board of Directors of CoinShares International Limited ("CoinShares" or the "Company") (Nasdaq Stockholm Market: CS; US OTCQX: CNSRF), Europe's leading alternative asset manager specialising in digital assets, resolved to extend a share buy-back program and repurchase shares on Nasdaq Stockholm Market during the period 07 November 2023, up to and including 30 May 2024 for total maximum amount of SEK 30 million in accordance with the authorisation from the Annual General Meeting on 31 May 2023.
The Board of Directors’ resolution to implement the share buy-back program was made after the Board's review of the Company's capital structure and was implemented for the purposes of reducing the capital of the Company.
The share buy-back program is carried out in accordance with the Market Abuse Regulation (EU) No 596/2014 ("MAR") and the Commission Delegated Regulation (EU) No 2016/1052 (the "Safe Harbour Regulation").
The Company today announces that share buy-backs of shares in the Company (ISIN: JE00BLD8Y945) have been effected as set forth below (aggregated level):
| Date | Number of shares acquired | Lowest price paid (SEK) | Highest price paid (SEK) | Volume weighted average (SEK) |
| 07 February 2024 | 1,600 | 40.45 | 41.35 | 40.87 |
| 1,600 |
All share buy-backs have been carried out on Nasdaq Stockholm Market by the Company. Following the above repurchases, the Company's holding of own shares as of 14 February 2024 amounts to 1,196,501 shares. The total number of shares in CoinShares amounts to 67,655,461.
Following the announcement that the Company has adopted an amended dividend policy, the Board of Directors has resolved to cancel 1,196,501 treasury shares, which were acquired through share buy-backs up to 07 February 2024.
The cancellation of own shares will be registered with Euroclear Sweden and the Company’s Registrar as soon as possible. After the cancellation, the total number of shares will be CoinShares is 66,458,960 and the total number of votes attached to the shares will be 66,458,960. Following registration of the cancellation, the Company will hold no treasury shares.
For a full break-down of repurchases made, please refer to the attached announcement.
About CoinShares
CoinShares is the leading European alternative asset manager specialising in digital assets, that delivers a broad range of financial services across investment management, trading and securities to a wide array of clients that includes corporations, financial institutions and individuals. Founded in 2013, the firm is headquartered in Jersey, with offices in France, Stockholm, the UK and the US. CoinShares is regulated in Jersey by the Jersey Financial Services Commission, in France by the Autorité des marchés financiers, in the US by the Financial Industry Regulatory Authority. CoinShares is publicly listed on the Nasdaq Stockholm under the ticker CS and the OTCQX under the ticker CNSRF.
For more information on CoinShares, please visit: https://coinshares.com
Company | +44 (0)1534 513 100 | enquiries@coinshares.com
Investor Relations | +44 (0)1534 513 100 | enquiries@coinshares.com
This information is information that CoinShares International Limited is obliged to make public pursuant to the EU Market Abuse Regulation (596/2014). The information in this press release has been published through the agency of the contact persons set out above, at 08:00 GMT on Wednesday, 14 February 2024.
Attachment
