Press releases

Further Information on Forthcoming Special Dividend

Jean-Marie Mognetti, Chief Executive Officer of CoinShares said:

"In the second quarter of 2024, CoinShares built upon the strong momentum established in Q1. This continued performance in Q2 demonstrates that our Q1 was not an outlier data point, but the result of continued efforts. Our consistency underscores the benefits from our restructuring and streamlining initiatives over the past two years. This strategy continues to yield results in both profitability and growth. Our strong financial performance has enabled a new dividend policy, delivering tangible shareholder value on a quarterly basis. The recent special dividend following the disposal of our FTX claim further underscores our commitment to this goal. Simultaneously, we're driving growth by expanding in the US and enhancing our European distribution. CoinShares' balanced strategy aims to establish it as a unique and attractive long-term investment in the crypto listed market, while strengthening its position as a leader in digital assets."

Q2 2024 financial highlights

Revenue for Q2 2024 of £22.5 million (Q2 2023: £10.7 million)
Gains and other income for Q2 2024 of £15.2 million (Q2 2023: £8.2 million)
Total comprehensive income for Q2 2024 of £25.8 million (Q2 2023: £5.3 million)
Adjusted EBITDA for Q2 2024 of £26.6 million (Q2 2023: £11.4 million)

Q2 Operational highlights

Asset Management: For CoinShares' asset management business, a relatively quieter quarter allowed the Group to consolidate its leadership position in Europe, with its European Physical ETP platform recording its third-best quarter in terms of net flows. In the United States, we focused on product development and marketing initiatives for our recently acquired Valkyrie business, with our spot Bitcoin ETF $BRRR and pure-play Bitcoin mining ETF $WGMI continuing to attract net inflows despite the industry-wide slowdown. Across both regions, our strategy of diversifying our product suite and strengthening our brand presence has positioned us well to navigate the evolving digital asset landscape.
Capital Markets & Hedge Fund Solutions: CoinShares' Capital Markets division adeptly navigated the market dynamics of the second quarter, capturing opportunities despite non-trending conditions that featured offsetting events like the Iran-Israel conflict and anticipation of U.S. spot Ethereum ETP listings. While the Hedge Fund Solutions division's short volatility strategies met risk tolerances but did not outperform the underlying assets, the firm remains confident in the long-term potential given declining macro risks and the forthcoming spot Ethereum ETPs. Importantly, the CoinShares Engineering and Quant team delivered the advanced MATRIX trading and risk platform, which is poised to drive the next phase of growth and sophistication across the Capital Markets and Hedge Fund Solutions businesses.
FTX Claim Recovery: At the end of June 24 the Group announced the successful completion of the sale of its FTX claim, achieving a recovery rate of 116% net of broker fees, translating to a return of £28.7 million.
Principal Investments: The quarter saw a material write-down in the Group’s Principal Investments portfolio due to the bankruptcy of Swiss digital bank FlowBank SA, which it has elected to fully impair. The remaining key investments in CoinShares’ portfolio include its long-standing holding in Komainu and its position in WAO Holdings following their merger, which has already resulted in a cash distribution to the Group and shows promising profitability exceeding targets. With the disposal of our 3iQ holding in Q1 realising a gain of £2.3 million, the Group remains focused on prudently managing and optimising its principal investment activities.
Special Dividend: Earlier this year, CoinShares announced that its Board of Directors voted to amend the dividend policy and commence shareholder distributions. In light of the recent FTX claim recovery, the Board has now decided to pay a special dividend, recognising the longstanding trust of shareholders.

Full details of the Q2 results, inclusive of financial information on each of the Group’s business units, are included within the full report, available here.

Download the Swedish Executive Summary here.

ABOUT COINSHARES

CoinShares is the leading European investment company 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. Focusing on crypto since 2013, the firm is headquartered in Jersey, with offices in France, Sweden, Switzerland, the UK and the US. CoinShares is regulated in Jersey by the Jersey Financial Services Commission, in France by the Autorité des marchés financiers, and in the US by the Securities and Exchange Commission, National Futures Association and 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 | [email protected]
Investor Relations | +44 (0)1534 513 100 | [email protected]

This information is information that CoinShares International Limited (publ) is obliged to make public pursuant to the EU Market Abuse Regulation and the Securities Markets Act.
The information was submitted for publication, through the agency of the contact person set out above, at 07:00 CEST on August 6, 2024.

PRESS CONTACT

CoinShares
Benoît Pellevoizin
[email protected]

M Group Strategic Communications
Peter Padovano
[email protected]

‍6th August 2024 | SAINT HELIER, Jersey | CoinShares International Limited (“CoinShares” or “the Group”) (Nasdaq Stockholm: CS; US OTCQX: CNSRF), the leading European investment company specialising in digital assets, has today published its results for the quarter ending 30th June 2024.

Jul 22, 2024

CoinShares Announces Special Dividend Distribution Following Recovery of FTX Claim

‍

22 July 2024 | SAINT HELIER, Jersey | CoinShares International Limited (“CoinShares'' or “the Company”) (Nasdaq Stockholm: CS; US OTCQX: CNSRF).

Further to the announcement dated 12 July 2024 regarding the decision to distribute a special dividend following the sale of the Group’s FTX claim, the Company now provides some additional details on the forthcoming payment (“Special Dividend”).

As previously stated, the proceeds received following the sale of the FTX claim stand at USD 36,410,210, of which USD 31,410,210 (approximately GBP 24,276,951) will be distributed in the Special Dividend.

The Special Dividend will be paid in conjunction with Tranche 3 of the Group’s forthcoming regular dividend payment, introduced earlier this year (“Regular Dividend”).

The details for the remaining two Regular Dividend payments for 2024 in respect of the financial performance of 2023 are as follows:

	Ex-dividend date	Record date	Payment date
Tranche 3 (together with Special Dividend)	27 September 2024	30 September 2024	3 October 2024
Tranche 4	27 December 2024	30 December 2024	6 January 2025

As the Special Dividend will be paid together with Tranche 3, each of the Ex-dividend date, Record date and Payment date for the Special Dividend Payment will be as disclosed in the table above.

The total amount to be paid together with Tranche 3 on or around 3 October 2024 will be the combined amount of the Special Dividend (USD 31,410,210 converted into GBP at the prevailing USD/GBP rate) and Regular Dividend (GBP 2,312,623). A further announcement will be made clarifying the dividend per share upon finalisation of the payment.

In accordance with Article 115(4) of the Companies (Jersey) Law 1991, each payment will be subject to an assessment of the financial health of the Group by its Board.

ABOUT COINSHARES
CoinShares is the European leading investment company 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. Focusing on crypto since 2013, the firm is headquartered in Jersey, with offices in France, Sweden, Switzerland, the UK and the US. CoinShares is regulated in Jersey by the Jersey Financial Services Commission, in France by the Autorité des marchés financiers, and in the US by the Securities and Exchange Commission, National Futures Association and 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 | [email protected]
Investor Relations | +44 (0)1534 513 100 | [email protected]

PRESS CONTACT

CoinShares
Benoît Pellevoizin
[email protected]
+33 6 72 44 07 17

M Group Strategic Communications
Peter Padovano
[email protected]

Contact Data

Contact

Jul 12, 2024

12 July 2024 | SAINT HELIER, Jersey | CoinShares International Limited (“CoinShares'' or “the Company”) (Nasdaq Stockholm: CS; US OTCQX: CNSRF), the leading European digital investment company specialising in digital assets, today announced a special dividend distribution to its shareholders.

Earlier this year, the Company introduced a quarterly dividend policy, reflecting its strategic focus on balancing growth and achieving profitability with rewarding its shareholders and promoting the Company as a dividend paying stock. In light of the recent retrieval of our FTX claim with a recovery of 116%, the Board of Directors has now decided to distribute a special dividend.

Jean-Marie Mognetti, CEO of CoinShares, stated: "This distribution is our way of expressing gratitude to our long-standing shareholders who have supported us through the highs and lows. This also includes our employee shareholders who have demonstrated their belief in the company by exercising their stock options. Given the current positive interest rate environment and our stock price remaining below pre-FTX levels, we believe it is essential to acknowledge the unwavering trust our investors have placed in us and reward their loyalty.”

The amount received following the sale of the claim stands at $36,410,210, of which £24,276,951.30 is to be distributed with the forthcoming regular dividend payment scheduled for 3 October 2024, representing a dividend per share of GBP0.36.

ABOUT COINSHARES

CoinShares is the European leading investment company 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. Focusing on crypto since 2013, the firm is headquartered in Jersey, with offices in France, Sweden, Switzerland, the UK and the US. CoinShares is regulated in Jersey by the Jersey Financial Services Commission, in France by the Autorité des marchés financiers, and in the US by the Securities and Exchange Commission, National Futures Association and 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 | [email protected]
Investor Relations | +44 (0)1534 513 100 | [email protected]

PRESS CONTACT

CoinSharesBenoît Pellevoizin

+33 6 72 44 07 17

M Group Strategic Communications

Peter Padovano

Redeye Initiates Coverage of CoinShares International Limited

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 10:00 AM CET on Friday 12th July 2024.

Jul 3, 2024

CoinShares Announces Successful Sale of FTX Claim

Jun 24, 2024

With a Recovery Rate of 116%, the Agreement Strengthens CoinShares’ Financial Health and Fosters Growth, Providing Significant Benefits for Shareholders and Clients

24th June 2024 | SAINT HELIER, Jersey – CoinShares International Limited (“CoinShares” or “the Group”) (Nasdaq Stockholm: CS; US OTCQX: CNSRF), the leading European investment company specialising in digital assets, is pleased to announce the successful sale of its FTX claim. The agreement, signed today and subject to customary closing conditions, will yield a recovery rate of 116% net of broker fees, resulting in a return of £31.32 million on a £26.6 million claim.

Key Highlights:

Recovery Rate: Upon completion, CoinShares will have achieved a recovery rate of 116% on its FTX claim, translating to a return of £31.32 million.
Shareholder Benefits: The successful claim sale will significantly enhance the Group’s financial position, creating opportunities to provide increased returns to our valued shareholders.
Client Advantages: The increased financial flexibility resulting from this transaction will allow CoinShares to reinvest in growth opportunities, further strengthening our market position. Clients can anticipate continued innovation and enhanced services as the Group leverages this capital enhancement to drive expansion and development within the digital asset sector.

Jean-Marie Mognetti, CEO of CoinShares, commented: “The resolution of the FTX situation has been highly favourable for CoinShares. This exceptional recovery rate is a testament to the diligence and expertise of our team. We remain dedicated to leveraging this success to reward our shareholders and to drive further growth and innovation within the digital asset industry.”

ABOUT COINSHARES

CoinShares is the leading European investment company 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. Focusing on crypto since 2013, the firm is headquartered in Jersey, with offices in France, Sweden, Switzerland, the UK and the US. CoinShares is regulated in Jersey by the Jersey Financial Services Commission, in France by the Autorité des marchés financiers, and in the US by the Securities and Exchange Commission, National Futures Association and 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 | [email protected]
Investor Relations | +44 (0)1534 513 100 | [email protected]

This information is information that CoinShares International Limited is obliged to make public pursuant to the EU Market Abuse Regulation 596/2014.

PRESS CONTACT

CoinSharesBenoît Pellevoizin

M Group Strategic CommunicationsPeter Padovano

CoinShares Announces FlowBank Holdings SA Investment Impairment

Jun 22, 2024

21st June 2024 | SAINT HELIER, Jersey | CoinShares International Limited (“CoinShares'' or “the Group”) (Nasdaq Stockholm: CS; US OTCQX: CNSRF), the leading European investment company specialising in digital assets, announces that following our previous RNS on 13th June 2024, the Group has decided to fully impair its investment in FlowBank Holdings SA, effective immediately.

This has resulted in an impairment charge of £21,813,042.

As previously announced, the Group’s exposure to FlowBank SA as a customer is immaterial, with deposits totalling approximately £100,000.

There is no impact on the Group’s operation, products or clients.

Jean-Marie Mognetti, CEO of CoinShares, commented: “The unfortunate circumstances surrounding FlowBank SA have necessitated this difficult but prudent financial decision. We remain committed to our stakeholders and will continue to navigate these challenges with transparency and diligence.”

ABOUT COINSHARES

CoinShares is the leading European investment company 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. Focusing on crypto since 2013, the firm is headquartered in Jersey, with offices in France, Sweden, Switzerland, the UK and the US. CoinShares is regulated in Jersey by the Jersey Financial Services Commission, in France by the Autorité des marchés financiers, and in the US by the Securities and Exchange Commission, National Futures Association and 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 | [email protected]
Investor Relations | +44 (0)1534 513 100 | [email protected]

This information is information that CoinShares International Limited is obliged to make public pursuant to the EU Market Abuse Regulation 596/2014.

PRESS CONTACT

CoinSharesBenoît Pellevoizin

M Group Strategic CommunicationsPeter Padovano

CoinShares XBT Provider rebrands and reinforces commitment to Nordics as it plans expansion

Jun 17, 2024

17 June 2024 | SAINT HELIER, Jersey | CoinShares International Limited (“CoinShares'' or “the Company”) (Nasdaq Stockholm: CS; US OTCQX: CNSRF), today announced that the firm’s long-standing crypto ETP brand XBT Provider has been rebranded “CoinShares XBT Provider”, to align more closely with the CoinShares group strategy and to prepare for expansion in the second half of 2024.

Listed and domiciled in Sweden since 2015, CoinShares XBT Provider’s Bitcoin Tracker One ETP was the first ever bitcoin-based security traded on a public exchange, and the existing product suite contains the world’s first exchange traded products referencing bitcoin and ethereum. They are available in SEK and EUR and are listed in Stockholm, Sweden.

Having built a reputation as the trusted choice for Nordic investors seeking crypto exposure via a regulated product, with a current AUM of $3.4 Billion USD*, the company is actively looking to grow and expand the business in 2024. As part of this strategy, the company is considering a new suite of ‘next-generation’ products for the Nordic market.

Townsend Lansing, Head of Product at CoinShares, commented “Our CoinShares XBT Provider ETPs have delivered exposure to bitcoin and ether for nearly a decade. Looking to the second half of 2024 and beyond - and following the success of our CoinShares Physical ETP brand in continental Europe - we are now excited to be actively exploring new opportunities tailored specifically for the Nordic market.”

This renewed focus on the Nordics follows hot on the heels of a record financial quarter for CoinShares International, the group parent company, which also saw the firm complete its acquisition of Valkyrie Funds in the United States, significantly boosting its global market presence and expanding its operational footprint across the Atlantic.

Frank Spiteri, Head of Asset Management at CoinShares commented, "Across Europe and the US we are seeing increased demand for crypto exposure via regulated products as investors consider the potential benefits of including digital assets as part of their overall portfolio. This rebrand is the start of an exciting new chapter for our Nordic operations, reflecting our ongoing commitment to this region and our investors. Our future initiatives will focus on innovation, while maintaining the transparency, security, and regulatory compliance that our clients have come to expect.”

About CoinShares CoinShares is the European leading investment company 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, the UK and the US. CoinShares is regulated in Jersey by the Jersey Financial Services Commission, in France by the Autorité des marchés financiers, and in the US by the Securities and Exchange Commission, National Futures Association and 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 | [email protected]
Investor Relations | +44 (0)1534 513 100 | [email protected]

PRESS CONTACT

CoinShares Benoît Pellevoizin

+33 6 72 44 07 17

M Group Strategic Communications

Peter Padovano

Results of the 2024 Annual General Meeting

*Assets under management for CoinShares XBT Provider ETPs as of 13th June 2024

May 31, 2024

CoinShares Announces Q1 2024 Results: Achieving Its Most Successful Quarter in Company History

31 May 2024 | SAINT HELIER, Jersey | CoinShares International Limited ("CoinShares" or the "Company") (Nasdaq Stockholm: CS; US OTCQX: CNSRF), Europe's leading alternative asset manager specialising in digital assets, is pleased to announce that all of the resolutions proposed at the Annual General Meeting ("AGM") of the Company, held today, 31 May 2024, were duly passed via poll.

The Company's Board of Directors wished to highlight the following:

Resolution 13 – Resolution regarding authorising the Board of Directors to decide on repurchase and transfer of own shares

The AGM resolved that the Board of Directors be authorised to decide on purchases of the company’s own shares in accordance with the following, main terms:

Share repurchases may be made only for the purpose of completing block transactions.
The authorisation may be exercised on one or more occasions before the 2025 Annual General Meeting.
The maximum number of own shares that may be repurchased so that the company’s holding of shares at any given time does not exceed 10% of the total number of shares in the company.
A block transaction is defined as a single transaction that exceeds the “normal market size” of transactions. For the purpose of determining whether a transaction is of “normal market size”, the thresholds for large in scale (LIS) transactions set out in MiFID II are applied.
Payment for the shares shall be made in cash.

In addition, the AGM resolves to authorise the Board of Directors to decide on transfer of own shares, with or without deviation from the shareholders’ preferential rights, in accordance with the following, main terms:

Transfers may be made on (i) Nasdaq Stockholm or (ii) outside of Nasdaq Stockholm in connection with the acquisition of companies, operations, or assets.
The authorisation may be exercised on one or more occasions before the 2025 Annual General Meeting.
The maximum number of shares that may be transferred corresponds to the number of shares held by the company at the point in time of the Board of Directors’ decision on transfer.
Transfers of shares on Nasdaq Stockholm may only be made at a price of no more than 5% above the average trading price of the 5 business days prior to the transfer. For transfers outside of Nasdaq Stockholm, the price shall be set so that the transfer is made at market terms.
Payment for transferred shares may be made in cash, through in-kind payment, or through set-off against claims with the company.

The purpose of the authorisations is to give the Board of Directors greater scope to act and the opportunity to adapt and improve the company’s capital structure and thereby create further shareholder value and take advantage of any attractive acquisition opportunities. The authorisation may also be used in order to enable delivery of shares in connection with employee stock option programs.

The Board of Directors shall have the right to decide on other terms for repurchases and transfers of own shares in accordance with its authorisation. The Board of Directors also has the right to authorise the Chairman of the Board, the Chief Executive Officer, or the person designated by the Board to make such minor adjustments that may be necessary in connection with the execution of the Board’s decision to repurchase or transfer shares.

51,939,239 shares and votes were registered for the AGM, representing 76.77% of the issued share capital as at 17 May 2024.

The number of shares in issue (and total voting rights) at close of business on 17 May 2024 was 67,655,461 ordinary shares carrying one vote each. Therefore, the total voting rights in the Company are 67,655,461.

The full text of the resolutions passed at the AGM can be found in the Notice of the Annual General Meeting (included within the Annual Report) which is available on the Company’s website at
https://coinshares.com/governance.

About CoinShares

CoinShares is the European leading 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, and in the US by the Securities and Exchange Commission, National Futures Association and 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 | [email protected]
Investor Relations | +44 (0)1534 513 100 | [email protected]

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 17:00 BST on Friday, 31 May 2024.

May 14, 2024

ABG Sundal Collier Initiates Coverage of CoinShares International Limited

Q1 2024 Earnings Highlights:

Revenue, gains, and other income increased by 216% YoY
Over 4x YoY increase in adjusted EBITDA
Total comprehensive income increased by over 11x YoY

14^th May 2024 | SAINT HELIER, Jersey | CoinShares International Limited (“CoinShares'' or “the Group”) (Nasdaq Stockholm: CS;US OTCQX: CNSRF), the leading European investment company specialising in digital assets, has today published its results for the quarter ending 31^st March 2024.

Jean-Marie Mognetti, Chief Executive Officer of CoinShares said:

"Q1 2024 stands out as our strongest quarter ever, marking a period of unprecedented strength and profitability for CoinShares. This quarter reflects not only our robust financial performance but also highlights our enhanced strategic growth capabilities, exemplified by the successful acquisition of Valkyrie's ETF business in March 2024. This pivotal move has allowed us to expand our operations across the Atlantic, further solidifying our presence in the global market.

At CoinShares, we have consistently equipped ourselves to realise our ambitions while maintaining a steadfast focus on our financial outcomes, which remain central to our strategy. These financial results underscore the Group's significant advancement since 2021, reflecting our continuous commitment to growth and excellence in our operations.”

Q1 2024 financial highlights

Q1 revenue, gains and other income of £43.9 million (Q1 2023: £13.9 million)
Q1 adjusted EBITDA of £34.2 million (Q1 2023: £7.0 million)
Total comprehensive income for Q1 2024 of £34.1 million (Q1 2023: £2.9 million)

Q1 2024 operational highlights

Valkyrie: In March 2024, CoinShares successfully completed the acquisition of Valkyrie's ETF business, significantly enhancing its global market presence and operational footprint across the Atlantic.
Asset Management: The Asset Management division saw strong inflows, particularly from CoinShares Physical, which notably contributed to the platform's performance, with CoinShares Physical's assets under management becoming a substantial part of the Group’s total AUM;additionally, XBT Provider maintained a solid asset base, benefitting from the uplift in the cryptocurrency market.
Capital Markets & Hedge Fund Solutions: The Capital Markets & Hedge Fund Solutions division delivered robust top-line performance, bolstered by vibrant market activity and gains from staking and trading, thriving particularly after the launch of the US Spot Bitcoin ETFs.
Dividend: The Board of Directors approved a new dividend policy for the fiscal year 2023, committing to an annual dividend of 20% to 40% of the Group's total comprehensive income, with the initial payment disbursed on May 3rd and three more scheduled throughout the year.

The performance for Q1 marks the Group’s strongest quarter ever. Full details of the Q1 results, inclusive of financial information on each of the Group’s business units, are included within the full report, available here .

ENDS

ABOUT COINSHARES

CoinShares is the leading European investment company 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. Focusing on crypto since 2013, the firm is headquartered in Jersey, with offices in France, Sweden, Switzerland, the UK and the US. CoinShares is regulated in Jersey by the Jersey Financial Services Commission, in France by the Autorité des marchés financiers, and 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 | [email protected]
Investor Relations | +44 (0)1534 513 100 | [email protected]

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 below, at 7:00 am CET on 14^th May 2024.

PRESS CONTACT

CoinShares
Benoît Pellevoizin
[email protected]

M Group Strategic Communications
Peter Padovano
[email protected]

Attachment

coinshares_report_q1_24

May 8, 2024

Notice of Virtual Annual General Meeting of Coinshares International Limited on 31 May 2024

Apr 30, 2024

CoinShares Publishes 2023 Annual Report and Outlines Strategy

Notice is hereby given that the Annual General Meeting of CoinShares International Limited (the “Company”) will take place on Friday, 31 May 2024 at 14:00 BST in the form of a hybrid virtual event at 2 Hill Street, St Helier, Jersey, JE2 4UA.

The entire Annual General Meeting will be broadcast live online (audio and video) via Wavecast.io and will be open for all shareholders who are entered in the Company’s stock register on the record day of the Annual General Meeting. The exercise of shareholder rights, in particular the exercise of voting rights, requires registration for the meeting in due time and in the proper form and will be performed by poll during the meeting or by granting power of attorney to Company proxies. The location of the Annual General Meeting for the purposes of the minutes is the Company’s registered office, 2 Hill Street, St Helier, Jersey, JE2 4UA.

RIGHT TO ATTEND THE ANNUAL GENERAL MEETING AND NOTICE

Shareholders wishing to attend the Annual General Meeting must:

on the record date, which is 17 May 2024, be registered in the Company’s share register maintained by Euroclear Sweden AB. Shareholders, whose shares are registered in the name of a nominee, must temporarily register the shares in their own name at Euroclear Sweden AB. Shareholders whose shares are registered in the name of a nominee must, no later than 16 May 2024, via their nominee, temporarily register the shares in their own name in order to be entitled to participate at the general meeting. In order to re-register shares in time, shareholders should make the request via their nominee in good time before this date.
notify the participation at the general meeting no later than 16 May 2024. Notice of participation at the general meeting may be given by following the registration instructions detailed on the Reports Portal on the Company’s website or here . Upon notification, the shareholder must state their full name, personal identification number (date of birth for non-Swedish investors) or corporate registration number, postal and email address, as well as the number of shares held.

PROPOSED AGENDA

Opening of the Annual General Meeting
Election of the Chairman of the Annual General Meeting
Preparation and approval of voting list
Approval of the agenda
Determination of whether the general meeting has been duly convened
Election of one person to certify the minutes
Presentation of the Annual Report, consolidated financial statements and the audit report
Resolution regarding the adoption of the group income statement and group balance sheet
Determination of the number of members of the Board of Directors and the number of Auditors
Determination of remuneration to the Board of Directors and the Auditor
Election of the Board of Directors and the Auditor
Resolution on the approval of the Board of Director’s Remuneration Report
Resolution regarding authorising the Board of Directors to decide on repurchase and transfer of own shares
Closing of the Annual General Meeting

PROPOSALS FOR RESOLUTIONS ITEM 2: OPENING OF THE MEETING AND ELECTION OF CHAIRMAN OF THE GENERAL MEETING The Nomination Committee, appointed in accordance with the instruction for the Nomination Committee as resolved by the Annual General Meeting on 20 June 2022 and comprising of the Chairman of Nomination Committee, Michael Carlton (appointed by Daniel Masters), Jean-Frédéric Mognetti (appointed by Mognetti Partners Limited), Paul Davison (appointed by Russell Newton) and Johan Lundberg (representative of the Board of CoinShares International Limited), proposes that Daniel Masters, Chairman, be appointed as the Chair of the Annual General Meeting 2024. ITEM 3: PREPARATION AND APPROVAL OF THE VOTING LIST The voting list proposed for approval is the voting list drawn up by the Company Secretary, based on the register of shareholders provided by Euroclear Sweden AB, shareholders having given notice of participation and being present at the Meeting, and postal votes received. ITEMS 9-11: DETERMINATION OF REMUNERATION TO THE BOARD OF DIRECTORS AND THE AUDITORS, ELECTION OF THE BOARD OF DIRECTORS AND THE AUDITORS AND ELECTION OF THE CHAIRMAN OF THE BOARD OF DIRECTORS The Nomination Committee proposes that: Item 9 The Board of Directors shall consist of 6 directors and that the Company should have one registered public auditor’s firm as auditor. Item 10 Remuneration to the Board of Directors, which remain unchanged from the previous year, shall be paid to the Board of Directors in the amount of GBP 50,000 to each of the non-employed Directors, which includes all committee membership and committee chair positions, and GBP 125,000 to the Chairman provided that the Chairman is not an employee. Remuneration to the Auditor be paid in accordance with approved invoices. Item 11 For the period up to the end of the Annual General Meeting in 2025, Jean-Marie Mognetti, Carsten Køppen, Johan Lundberg, Viktor Fritzén and Christine Rankin be re-elected as members of the Board of Directors and that Daniel Masters be re-elected as the Chairman of the Board. The audit firm Baker Tilley Channel Islands Limited be re-elected as the Company’s auditor for the period up to the end of the Annual General Meeting in 2025. The Nomination Committee’s proposal is in line with the Audit and Risk Committee’s recommendation. Information regarding the candidates nominated by the Nomination Committee for re-election to the Board of Directors is available on the Company’s website under the Investor Relations section. ITEM 12: RESOLUTION ON APPROVAL OF THE BOARD OF DIRECTOR’S REMUNERATION REPORT Under the Swedish Corporate Governance Code, the Board of Director’s is required to prepare a report for each financial year regarding paid and outstanding remuneration to Board members, the CEO and the deputy CEO who are covered by the guidelines. As the Company has no deputy CEO and the Board members do not receive any remuneration other than that decided by the general meeting, the report for the financial year 2023 only covers the Company's CEO. According to the Swedish Corporate Governance Board's rules on remuneration to senior executives and on incentive programs, the report must contain an overview of each of the outstanding and concluded incentive programs completed during the year. The Board of Directors suggests that the Annual General Meeting approve the remuneration report for the financial year 2023. ITEM 13: RESOLUTION REGARDING AUTHORISING THE BOARD OF DIRECTORS TO DECIDE ON REPURCHASE AND TRANSFER OF OWN SHARES The Board of Directors proposes that the Annual General Meeting resolves to authorise the Board of Directors to decide on purchases of the Company’s own shares in accordance with the following, main terms:

Share repurchases may be made only for the purposes of completing block transactions.
The authorisation may be exercised on one or more occasions before the 2025 Annual General Meeting.
The maximum number of own shares that may be repurchased so that the Company’s holding of shares at any given time does not exceed 10% of the total number of shares in the Company.
A block transaction is defined as a single transaction that exceeds the "normal market size" of transactions. For the purpose of determining whether a transaction is of "normal market size", the thresholds for large in scale (LIS) transactions set out in MiFID II are applied.
Payment for the shares shall be made in cash.

In addition, the Board of Directors proposes that the Annual General Meeting resolves to authorise the Board of Directors to decide on transfer of own shares, with or without deviation from the shareholders’ preferential rights, in accordance with the following, main terms:

Transfers may be made on (i) Nasdaq Stockholm or (ii) outside of Nasdaq Stockholm in connection with the acquisition of companies, operations, or assets.
The authorisation may be exercised on one or more occasions before the 2025 Annual General Meeting.
The maximum number of shares that may be transferred corresponds to the number of shares held by the Company at the point in time of the Board of Directors’ decision on transfer.
Transfers of shares on Nasdaq Stockholm may only be made at a price of no more than 5% above the average trading price of the 5 business days prior to the transfer. For transfers outside of Nasdaq Stockholm, the price shall be set so that the transfer is made at market terms, except for delivery of shares in connection with employee stock option programs.
Payment for transferred shares may be made in cash, through in-kind payment, or through set-off against claims with the Company.

The purpose of the authorisations is to give the Board of Directors greater scope to act and the opportunity to adapt and improve the Company’s capital structure and thereby create further shareholder value and take advantage of any attractive acquisition opportunities. The authorisation may also be used in order to enable delivery of shares in connection with employee stock option programs. The Board of Directors shall have the right to decide on other terms for repurchases and transfers of own shares in accordance with its authorisation. The Board of Directors also has the right to authorise the chairman of the Board, the chief executive officer, or the person designated by the Board to make such minor adjustments that may be necessary in connection with the execution of the Board’s decision to repurchase or transfer shares. A valid resolution in favour of the Board’s proposal requires the approval of shareholders with at least two-thirds of the votes and shares represented at the Annual General Meeting. NUMBER OF SHARES AND VOTES The total number of shares in the Company as of the date hereof amounts to 67,655,461 shares, with a corresponding number of votes. The Company holds 1,147,233 own shares. FURTHER INFORMATION Copies of accounts, audit report, remuneration report, proxy form, complete proposals and all other relevant documents are made available on the Company’s website at least four weeks in advance of the Annual General Meeting. The shareholders are hereby notified regarding the right to, at the annual general meeting, request information from the Board of Directors and chief executive officer. Jersey, 30 April 2024
CoinShares International Limited
The Board of Directors About CoinShares CoinShares is Europe’s largest and leading digital asset investment and trading group by AuM, managing billions of assets on behalf of a global client base. Our mission is to expand investing into digital assets with our trusted, regulated, best-in-class product suite that provides investors with trust and transparency when accessing cryptocurrencies. We believe that Bitcoin and blockchain networks are landmark innovations that will fundamentally reshape the global financial system and the way we interact digitally, and investors should be able to participate in this transformation. CoinShares is publicly listed on the Nasdaq Stockholm under ticker CS and the OTCQX under the ticker CNSRF. CoinShares has multiple touchpoints with financial regulatory bodies around the world, including the AMF, JFSC and FINRA. For more information on CoinShares, please visit: https://coinshares.com
Company | +44 (0)1534 513 100 | [email protected]
Investor Relations | +44 (0)1534 513 100 | [email protected]
Attachments

Apr 30, 2024

CoinShares Resolves on Dividend Distribution for the financial year 2023

30th April 2024 | SAINT HELIER, Jersey | CoinShares International Limited (“CoinShares” or “the Company”) (Nasdaq Stockholm: CS;US OTCQX: CNSRF), the leading European investment company specialising in digital assets, today published its 2023 Annual Report, providing comprehensive and detailed information on the firm, its financial performance, its strategy, corporate governance and the industry and market for the 2023 financial year. The report includes the audited financial statements for the year ending 31st December 2023. The full report can be found here .

2023 Financial Highlights

Total revenue, gains and other income of £85.7 million (2022: £72.2 million), of which:
- Asset management fees of £43.0 million (2022: £50.1 million)
- Capital markets gains and other income of £39.0 million (2022: £26.1 million)
- Principal investment gains of £3.7 million (2022: loss of £4.9 million)
Adjusted EBITDA of £57.3 million (2022: Adjusted EBITDA loss of £6.8 million).
Total comprehensive income for the year of £38.4 million (2022: £2.9 million).
Net asset position of the Group as at 31st December 2023 of £239.2 million (December 2022: £203.7 million).

2023 Business Overview

Asset Management:

2023 saw gross revenue generated from XBT Provider of £38.9 million (2022: £46.0 million), with CoinShares Physical posting gross revenue of £2.7 million (2022: £2.3 million). The Group’s BLOCK Index generated fees of £1.4 million (2022: £1.9 million).

Reflecting the overall success of these initiatives, the total revenue, gains, and other income for the year amounted to £43.0 million.

Capital Markets & Hedge Fund Solutions:

The total notional traded by CoinShares Capital Markets in 2023 reduced to $8.8 billion (2022: $15.0 billion). Gains and income generated by the Capital Markets team was £39.0 million.

Strategy

In 2023, our strategic focus on innovation and expansion reinforced our leadership in the digital asset space through strategic acquisitions, partnerships, and product diversification. Looking ahead to 2024, our strategy encompasses enhancing our presence in Europe by extending the XBT Provider product line and increasing market penetration through targeted marketing and a strategic rebranding aligned with the CoinShares mother brand. We are also expanding our footprint in the European markets like France and Italy, emphasising competitive management fees and transparent staking rewards. Globally, our acquisition of Valkyrie’s U.S. ETF business marks a significant step in entering the U.S. market, aiming to introduce sophisticated products such as the WGMI ETF and the BTFX. This expansion is coupled with a focus on creating advanced financial products that blend the sophistication of hedge funds with the accessibility of ETFs, leveraging our deep expertise in digital assets. Additionally, the introduction of Hedge Fund Solutions aims to establish a trusted presence in the U.S., and we are enhancing our proprietary trading platform to improve operational efficiency and risk management, anticipating a transformative 2024 with these initiatives.

ABOUT COINSHARES
CoinShares is the leading European investment company 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. Focusing on crypto since 2013, the firm is headquartered in Jersey, with offices in France, Sweden, Switzerland, the U.K. and the U.S. CoinShares is regulated in Jersey by the Jersey Financial Services Commission, in France by the Autorité des marchés financiers, in the U.S. 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 | [email protected]
Investor Relations | +44 (0)1534 513 100 | [email protected]

PRESS CONTACT

CoinShares
Benoît Pellevoizin
[email protected]
+33 6 72 44 07 17

This information is information that CoinShares International Limited is obliged to make public pursuant to the Securities Markets Act. The information was sent for publication, through the agency of the contact persons set out above, on 30th April 2024, at 8:00 a.m. CET.

M Group Strategic Communications
Peter Padovano
[email protected]

Attachment

COINSHARES_ANNUAL_REPORT_2023

Apr 10, 2024

CoinShares announces issue of options under the Employee Incentive Plan

10 April 2024 | SAINT HELIER, Jersey | As announced on 13 February 2024, CoinShares International Limited ("CoinShares" or the "Company") (Nasdaq Stockholm: CS;US OTCQX: CNSRF), the leading European investment company specialising in digital assets, indicated a distribution to shareholders would be considered within the parameters of the newly adopted dividend policy.

Under the policy, the Company intends to return to shareholders by way of annual dividend of between 20% and 40% of the Group’s annual total comprehensive income, excluding currency translation differences recognised within other comprehensive income. The annual dividend will be payable in SEK in four quarterly instalments via the Euroclear Sweden settlement system.

Consistent with the policy, the Board of the Company today announces that it has resolved to declare and pay in four equal instalments an annual dividend in relation to the financial year ending 31 December 2023 of GBP 0.13 per ordinary share, amounting to approximately GBP 9,250,492, to be paid from the Group’s reserves. The dividend to holders of ordinary shares will be made in sterling (GBP) and subsequently, before distribution to shareholders who hold ordinary shares via Euroclear Sweden, converted to SEK at prevailing rates at the time of distribution.

The key dates for the annual dividend are as follows:

Ex-dividend date Record date Payment date Total Dividend Tranche 1 29 April 2024 30 April 2024 3 May 2024 GBP 2,312,623 Tranche 2 27 June 2024 28 June 2024 3 July 2024 GBP 2,312,623 Tranche 3 27 September 2024 30 September 2024 3 October 2024 GBP 2,312,623 Tranche 4 30 December 2024 31 December 2024 6 January 2025 GBP 2,312,623

In accordance with Article 115(4) of the Companies (Jersey) Law 1991, each payment will be subject to an assessment of the financial health of the Group by its Board.

About CoinShares

CoinShares is the European leading investment company 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. Focusing on crypto since 2013, the firm is headquartered in Jersey, with offices in France, Sweden, Switzerland, 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 | [email protected]
Investor Relations | +44 (0)1534 513 100 | [email protected]

Mar 20, 2024

CoinShares strengthens its global reach by completing acquisition of Valkyrie ETF Business

CoinShares announces issue of options under the Employee Incentive Plan

20 March 2024 | SAINT HELIER, Jersey | CoinShares International Limited ("CoinShares" or the "Company") (Nasdaq Stockholm Market: CS;US OTCQX: CNSRF), Europe's leading alternative asset manager specialising in digital assets has today granted 115,000 options (the “Options”) over ordinary shares of £0.000495 par value each (“Ordinary Shares”). The Options have been granted under the Company’s Employee Incentive Plan (“EIP”) as part of the staff remuneration for the financial year ended 31 December 2023, as approved by the Board on 19 March 2024.

The 115,000 Options granted represent 0.17% of the issued share capital of the Company, bringing the total number of shares currently under option in issue to 3,779,431 (5.29% of the issued share capital of the Company).

The vesting date of the Options granted shall be 20 March 2027, being three years from the date of grant. The exercise price of the Options is SEK 50.4 per Ordinary Share.

No options were granted under the EIP to persons discharging managerial responsibilities for the Company.

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 | [email protected]

Investor Relations | +44 (0)1534 513 100 | [email protected]

Mar 12, 2024

Buy-backs and cancellation of shares in CoinShares International Limited

Acquisition follows entry into an agreement granting CoinShares an exclusive option to acquire Valkyrie Funds LLC (“Valkyrie”) and the Sponsor rights to BRRR, Valkyrie’s physically-backed Bitcoin ETF
Valkyrie’s regulatory licences are complementary to CoinShares’ existing U.S. permissions and contribute to establishing solid foundations for CoinShares to continue executing its U.S. asset management expansion plan.
It provides CoinShares with a promising platform to expand its digital assets expertise into the United States and contributes approximately $530 million of new assets under management from $BTF, $WGMI, $BRRR , and $BTFX .
CoinShares plans to rebrand Valkyrie as the Company’s U.S. asset management platform that will concentrate on creating innovative products that stand out in the market.
Valkyrie's product line will eventually be operated under the CoinShares brand to ensure brand consistency and awareness.

12th March 2024 | SAINT HELIER, Jersey | CoinShares International Limited (“CoinShares” or “the Company”) (Nasdaq Stockholm: CS;US OTCQX: CNSRF), the leading European investment company specialising in digital assets, today announced the completion of its acquisition of Valkyrie Funds LLC (“Valkyrie”), the investment advisory business of Valkyrie Investments Inc. (“Valkyrie Investments”), as well as the Sponsor rights to the Valkyrie Bitcoin Fund, the physically-backed Bitcoin ETF. With the addition of approximately Valkyrie’s $530 million of assets under management (“AUM”), CoinShares’ AUM has increased to approximately $7.3 billion globally as of 11th March 2024. This pivotal move significantly accelerates CoinShares' expansion into the U.S. market and is a further milestone towards building a global asset management franchise.

As previously announced, CoinShares has held an option to acquire Valkyrie since November 2023, which was exercised following Valkyrie Investments’ launch of Valkyrie Bitcoin Fund in January 2024. The close of the acquisition enhances CoinShares' deep commitment to Valkyrie's growth and success while also promoting the creation of cutting-edge digital asset investment solutions.

Looking ahead, CoinShares plans to use the Valkyrie ETF infrastructure to develop its U.S. asset management business, with a clear focus on product innovation and market differentiation. The new platform will operate as a forward-looking thematic asset manager for the U.S. market, leaning on the success of unique thematic products such as $WGMI — the highest-performing non-leveraged ETF in 2023 across all sectors — and the newly introduced $BTFX, a 2x leveraged bitcoin futures ETF. These offerings demonstrate CoinShares’ commitment to delivering diverse and advanced strategies that go beyond mere beta exposure to digital assets. CoinShares is well equipped with a comprehensive suite of tools, including hedge fund expertise, quantitative research, equity analysis, and profound digital asset knowledge, that has enabled the Company to craft innovative, high-performing, and unique products tailored to investor expectations in the evolving financial landscape.

Jean-Marie Mognetti, CEO of CoinShares, commented on the acquisition: “10 years ago, CoinShares started offering digital asset exposure to European investors through regulated products with a steadfast commitment to innovation and being first to market.

The Valkyrie acquisition is yet another step in our growth strategy with a special focus this time in the U.S. This acquisition brings an additional $530 million AUM to CoinShares, which makes it a top line contributor from day one. More importantly, it broadens our product offerings, strengthens our innovation capacity, and increases by a factor of 15 our total addressable market.

The U.S. represents a critical market for any asset manager and with a dedicated platform as well as the right product-market fit, CoinShares is poised to deliver significant value to its stakeholders.

We welcome our Valkyrie colleagues to the CoinShares team and are looking forward to their contribution to our journey."

Frank Spiteri, CoinShares' Head of Asset Management, remarked: "As Europe's leading investment company specialising in digital assets, CoinShares has consistently demonstrated trust and reliability with its crypto products and services since 2014. Our expertise is unparalleled in the crypto space, allowing us to serve not just as leaders but also as educators for our clients. We are committed to guiding them through this dynamic journey, which is supported by our seasoned research team and innovative solutions. Our promise is to be a trusted partner in navigating the complexities of digital assets."

Following the completion of the acquisition, CoinShares has initiated the process of seamlessly blending Valkyrie into its portfolio of brands, with both teams working together to ensure a smooth transition and the continued excellence of product offerings. Central to this integration is the strategic decision to rebrand Valkyrie under the CoinShares umbrella. This initiative, which is expected to be finalised by the summer, aims to unify the product lineup across the entire CoinShares ecosystem, thereby reinforcing brand consistency and amplifying brand awareness in the U.S.

Technical note:
On 12th March 2024 CoinShares and Valkyrie Investments Inc. signed and closed the definitive agreements completing CoinShares acquisition of Valkyrie Funds LLC, the U.S. digital asset manager's investment advisory business specialising in actively managed cryptocurrency exchange-traded funds. The final purchase price, which is settled at the end of a three-year earnout period, depends on the financial results of the acquired business. The definitive agreements contain customary vendor and purchaser representations.

ABOUT COINSHARES
CoinShares is the leading European investment company 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. Focusing on crypto since 2013, the firm is headquartered in Jersey, with offices in France, Sweden, Switzerland, the U.K. and the U.S. CoinShares is regulated in Jersey by the Jersey Financial Services Commission, in France by the Autorité des marchés financiers, in the U.S. 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 | [email protected]
Investor Relations | +44 (0)1534 513 100 | [email protected]

PRESS CONTACT

CoinShares
Benoît Pellevoizin
[email protected]
+33 6 72 44 07 17

M Group Strategic Communications
Peter Padovano
[email protected]

Feb 14, 2024

CoinShares Announces Q4 2023 Results

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):

DateNumber of shares acquiredLowest price paid (SEK)Highest price paid (SEK)Volume weighted average (SEK)07 February 20241,600 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 | [email protected]
Investor Relations | +44 (0)1534 513 100 | [email protected]

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

20240214 - Appendix to press release - share buy-back

Feb 13, 2024

Buy-backs of shares in CoinShares International Limited

13^th February 2024 | SAINT HELIER, Jersey | CoinShares International Limited (“CoinShares'' or “the Group”) (Nasdaq Stockholm: CS;US OTCQX: CNSRF), the leading European alternative asset manager specialising in digital assets, has today published its results for the quarter ending 31^st December 2023.

Jean-Marie Mognetti, Chief Executive Officer of CoinShares said:

“After refining our strategy back in 2022, we're now navigating the correct course. As 2023 unfolded, we've been delighted to see the numbers validating our approach, with our EBITDA remaining robust throughout the year, particularly in Q4.

Yet, it's not solely about the numbers;it's the cohesive effort of every business unit and corporate function that has driven this success.

2023 has emerged as our second-best year on record, a confirmation of the solidity of our strategies and operational strength.

Our focus now is to leverage this momentum, aiming to expand globally and position CoinShares as the definitive one-stop shop for digital asset investment worldwide.”

Q4 2023 financial highlights

Q4 revenue, gains and other income of £33.3 million (Q4 2022: £14.3 million)
Q4 adjusted EBITDA of £25.7 million (Q4 2022: negative £23.8 million)
Total comprehensive income for Q4 2023 of £15.3 million (Q4 2022: negative £37.1 million)

Full Year 2023 financial highlights

2023 revenue, gains and other income of £85.7 million (2022: £72.4 million)
2023 adjusted EBITDA of £56.9 million (2022: negative £6.8 million)
Total comprehensive income for 2023 of £37.9 million (2022: £2.9 million)

Q4 2023 operational highlights

Positive start to 2023, consistent positive EBITDA throughout, with a very strong Q4 performance.
Asset Management: Q4 management fees of £13.0 million. CoinShares Physical drove significant inflow, contributing to a total year platform inflow of $213.2 million. CoinShares Physical's AUM reached £567.3 million (excluding CoinShares’ seed) representing 19% of total Group’s AUM.
CoinShares Blockchain Global Equity Index (Index): Strong Q4, 51% return in 2023, surpassing MSCI World and S&P 500. Ended 2023 with £576.1 million benchmarked to the Index, the second-largest of its kind globally. Expansion into the US market set to tap into a larger investor base.
Capital Markets & Hedge Fund Solutions: Q4 top-line performance of £12.7 million. Performance boosted by staking, trading gains, and lending.
Principal Investments: Recovery in Q4 with strategic divestments in 3iQ and SBG, generating liquidity for reinvestment.
Overall strong performance with Adjusted EBITDA of £25.7 million for Q4, full-year figure at £56.9 million.

Dividend policy

The board of directors has adopted an amended dividend policy. While we remain committed to growth, we also wish to reward our shareholders for their trust and support.

The policy stipulates that the annual dividend payment will be between 20% and 40% of the Group’s annual total comprehensive income, excluding currency translation differences.

The annual dividend payment will be made payable in SEK in four quarterly instalments via the Euroclear Sweden settlement system, subject to an assessment by the Board of the financial health and cash requirements of the Group prior to each payment being made.

CoinShares maintains a variety of strong banking relationships globally, however the ability to pay a dividend remains subject to the successful establishment of the requisite Swedish banking relationship to facilitate payment through Euroclear. A further update will be made in due course.

Concluding remarks

The performance for Q4 marks the Group’s strongest quarter since the end of 2021 and has contributed to 2023 being the second strongest year in the Group’s history after 2021. Full details of the Q4 results, inclusive of financial information on each of the Group’s business units, are included within the full report, available here.

The Annual Report for the Group, inclusive of full audited financials is due to be released on 30^th April 2024.

ENDS

Download the Swedish Executive Summary here.

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. Focusing on crypto since 2013, the firm is headquartered in Jersey, with offices in France, Sweden, Switzerland, the UK and the US. CoinShares is regulated in Jersey by the Jersey Financial Services Commission, in France by the Autorité des marchés financiers, and 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 | [email protected]
Investor Relations | +44 (0)1534 513 100 | [email protected]

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 below, at 7:00 am CET on 13^th February 2024.

PRESS CONTACT

CoinShares
Benoît Pellevoizin
[email protected]

M Group Strategic Communications
Peter Padovano
[email protected]

Attachment

coinshares_q4_23_report

Feb 7, 2024

Buy-backs of shares in CoinShares International Limited

07 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):

DateNumber of shares acquiredLowest price paid (SEK)Highest price paid (SEK)Volume weighted average (SEK)31 January 20241,450 40.75 41.40 41.01 01 February 20243,700 39.75 40.90 40.29 02 February 20244,900 39.80 40.40 39.95 05 February 20242,100 40.10 40.40 40.23 06 February 20242,250 39.60 40.35 40.00 14,400

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 07 February 2024 amounts to 1,203,347 shares. The total number of shares in CoinShares amounts to 67,655,461.

For a full break-down of repurchases made, please refer to the attached announcement.

About CoinShares

CoinShares is the European leading 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 | [email protected]
Investor Relations | +44 (0)1534 513 100 | [email protected]

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, 07 February 2024.

Attachment

20240207 - Appendix to press release - share buy-back

Jan 31, 2024

The Nomination Committee proposes the re-election of all members of the Board of Directors of CoinShares International Limited

31 January 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):

DateNumber of shares acquiredLowest price paid (SEK)Highest price paid (SEK)Volume weighted average (SEK)24 January 20244,175 38.10 39.15 38.69 25 January 20243,625 38.90 40.20 39.92 26 January 20241,801 39.75 40.20 39.94 29 January 20241,250 39.90 40.95 40.43 30 January 20241,505 40.75 41.10 40.97 12,356

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 31 January 2024 amounts to 1,188,947 shares. The total number of shares in CoinShares amounts to 67,655,461.

For a full break-down of repurchases made, please refer to the attached announcement.

About CoinShares

CoinShares is the European leading 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 | [email protected]
Investor Relations | +44 (0)1534 513 100 | [email protected]

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, 31 January 2024.

Attachment

20240131 - Appendix to press release - share buy-back

Jan 25, 2024

18 January 2024 | SAINT HELIER, Jersey - the Nomination Committee 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, hereby announces the following proposals for the Annual General Meeting of shareholders on 31 May 2024, with regard to the election of the members and Chair of the Board of Directors.

The Nominee Committee proposes the re-election of all current members of the Board. Accordingly, Daniel Masters, Jean-Marie Mognetti, Carsten Køppen, Christine Rankin, Viktor Fritzén and Johan Lundberg are proposed as members of the Board. The Nomination Committee proposes that Daniel Masters be re-elected as Chair of the Board.

The Nomination Committee of CoinShares International Limited consists of the following members:

Michael Carlton, appointed by Daniel Masters, Chair of the Nomination Committee
Jean-Frédéric Mognetti, appointed by Mognetti Partners Limited
Paul Davidson, appointed by Russell Newton
Johan Lundberg, representative of the Board of Directors of CoinShares International Limited

Information about the members of the Board of CoinShares International Limited is available on the company’s website.

The Nomination Committee’s complete proposal will be presented in the notice of the Annual General Meeting. In connection with the issuance of the notice, the Nomination Committee’s motivated statement will also be provided on the company’s website.

For further information, please contact:Johan Lundberg, Member of the Nomination Committee of CoinShares International LimitedTel: +46 739 88 04 22

The Nomination Committee proposes the re-election of all members of the Board of Directors of CoinShares International Limited

About CoinShares

CoinShares is the European leading 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.

Jan 25, 2024

Buy-backs of shares in CoinShares International Limited

18 January 2024 | SAINT HELIER, Jersey - the Nomination Committee 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, hereby announces the following proposals for the Annual General Meeting of shareholders on 31 May 2024, with regard to the election of the members and Chair of the Board of Directors.

The Nominee Committee proposes the re-election of all current members of the Board. Accordingly, Daniel Masters, Jean-Marie Mognetti, Carsten Køppen, Christine Rankin, Viktor Fritzén and Johan Lundberg are proposed as members of the Board. The Nomination Committee proposes that Daniel Masters be re-elected as Chair of the Board.

The Nomination Committee of CoinShares International Limited consists of the following members:

Michael Carlton, appointed by Daniel Masters, Chair of the Nomination Committee
Jean-Frédéric Mognetti, appointed by Mognetti Partners Limited
Paul Davidson, appointed by Russell Newton
Johan Lundberg, representative of the Board of Directors of CoinShares International Limited

Information about the members of the Board of CoinShares International Limited is available on the company’s website .

The Nomination Committee’s complete proposal will be presented in the notice of the Annual General Meeting. In connection with the issuance of the notice, the Nomination Committee’s motivated statement will also be provided on the company’s website.

For further information, please contact:
Johan Lundberg, Member of the Nomination Committee of CoinShares International Limited
Tel: +46 739 88 04 22
[email protected]

About CoinShares

CoinShares is the European leading 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.

Jan 24, 2024