Press releases
08 June 2023 | SAINT HELIER, Jersey - As announced on 01 June 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 implement a share buy-back program and repurchase shares on Nasdaq Stockholm Market during the period 01 June 2023, up to and including 6 November 2023 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)02 June 20231,703 32.30 33.35 32.83 05 June 20231,229 33.50 33.65 33.58 07 June 20231,635 32.30 33.85 33.21 4,567
On 19 May 2023 the Company inadvertently duplicated the recording of its repurchase of 1,405 of the Company’s own shares. This resulted in an overstatement of the Company’s holdings by 1,405 shares in its press releases dated 23 May, 26 May, 31 May and 01 June 2023.
All share buy-backs have been carried out on Nasdaq Stockholm Market by the Company. Following the above repurchases and adjusting for the abovementioned correction, the Company's holding of own shares as of 08 June 2023 amounts to 595,526 shares. The total number of shares in CoinShares amounts to 68,135,425.
For a full break-down of repurchases made, please refer to the attached announcement.
About CoinShares
CoinShares is Europe’s 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. 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 BST on Thursday, 08 June 2023.
Attachment
01 June 2023 | SAINT HELIER, Jersey - The Board of Directors of CoinShares International Limited ("CoinShares" or the "Company") (Nasdaq Stockholm: CS;US OTCQX: CNSRF), Europe's leading alternative asset manager specialising in digital assets, resolved to repurchase shares on Nasdaq Stockholm during the period 1 June 2023, up to and including 6 November 2023 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 Director's resolution to implement the share buyback program was made after the Board's review of the Company's capital structure and is implemented for purposes of maintaining a hedge against options granted the Company’s Employee Incentive Plan.
The share buyback program will be 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 share buyback program resolved by the Board of Directors is subject to the following terms:
- Acquisitions may only be effected on Nasdaq Stockholm in accordance with MAR and the Safe Harbour Regulation.
- Shall be conducted and structured in accordance with Nasdaq Stockholm Rulebook for Issuers.
- Acquisitions shall commence no earlier than 1 June 2023 and shall end no later than 6 November 2023.
- Acquisitions may only be effected at a price per share within the prevailing band of prices applying on Nasdaq Stockholm from time to time and in accordance with the restrictions relating to price in the Safe Harbour Regulation and set out in the resolution passed at the Annual General Meeting on 31 May 2023. The range of prices pertains to the range between the highest purchase price and the lowest selling price disseminated by Nasdaq Stockholm from time to time.
- Acquisitions may only be effected in accordance with the restrictions regarding volume for acquisitions of own shares stated in the Safe Harbour Regulation.
- The Company's holding of own shares may not at any time exceed 10 per cent of the outstanding shares in the Company.
- Payment for the shares shall be made in cash.
The total number of shares in CoinShares is at the date of this press release 68,135,425. At the time of this press release the Company holds 592,364 own shares.
About CoinShares
CoinShares is Europe’s 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. 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 BST on Thursday, 01 June 2023.
31 May 2023 | 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 2023, 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 on Nasdaq Stockholm or any other regulated market.
- The authorisation may be exercised on one or more occasions before the 2024 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.
- Repurchases of the company’s own 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 repurchase.
- 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 2024 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 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.
51,020,379 shares and votes were registered for the AGM, representing 74.88% of the issued share capital as at 17 May 2023.
The number of shares in issue (and total voting rights) at close of business on 17 May 2023 was 68,135,425 ordinary shares carrying one vote each. Therefore, the total voting rights in the Company are 68,135,425.
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 Europe's 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. 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 17:00 BST on Wednesday, 31 May 2023.
31 May 2023 | SAINT HELIER, Jersey - As announced on 04 April 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 implement a share buy-back program and repurchase shares on Nasdaq Stockholm Market during the period 04 April 2023, up to and including 30 May 2023 for total maximum amount of SEK 25 million in accordance with the authorisation from the Annual General Meeting on 20 June 2022.
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) 23 May 2023 1,435 29.95 30.85 30.29 24 May 2023 1,445 28.60 29.80 29.06 25 May 2023 1,018 29.00 31.05 29.68 26 May 2023 913 30.05 31.05 30.75 29 May 2023 1,460 3.05 30.40 30.26 30 May 2023 913 31.20 31.50 31.34 6,271
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 May 2023 amounts to 592,364 shares. The total number of shares in CoinShares amounts to 68,135,425.
For a full break-down of repurchases made, please refer to the attached announcement.
The cancellation of own shares will be registered with Euroclear Sweden and the Company’s Registrar as soon as possible and, in any event, before 31 July 2023. After cancellation, the total number of shares in CoinShares will be 67,543,061 and the total number of votes attached to the shares will be 67,543,061. Following registration of the cancellation, the Company will hold no treasury shares.
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 | 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 BST on Wednesday, 31 May 2023.
Attachment
Friday, 26 May 2023 | 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, today announced that it has agreed to enter a block transaction with a shareholder to acquire 358,783 ordinary shares in the capital of the Company.
Subject to completion of the block transaction, the Company will repurchase from the selling shareholder a total 358,783 ordinary shares at a price per share equal to SEK 30.1143 resulting in total consideration of SEK 10,804,500. The Company expects the block transaction to settle via cash and to complete before 9 June 2023.
CoinShares’ decision to repurchase its shares is consistent with the Board’s stated intent regarding the buyback program and for the purposes of reducing the capital of the Company.
Additionally, the Company announced that it has today agreed a buyback of options granted over ten thousand, four hundred and forty-six ordinary shares granted to employees pursuant to the CoinShares Employee Incentive Plan, at a price of SEK 11 per option.
The total number of shares in CoinShares is at the date of this press release 68,135,425. At the time of this press release the Company holds 589,991 own shares.
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 | 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 19:00 BST on Friday, 26 May 2023.
23 May 2023 | SAINT HELIER, Jersey - As announced on 04 April 2023, the Board of Directors of CoinShares International Limited ("CoinShares" or the "Company") (Nasdaq Stockholm Market: CS;US OTCQX: CNSRF), Europe's largest and leading digital asset investment and trading group by AuM, resolved to implement a share buy-back program and repurchase shares on Nasdaq Stockholm Market during the period 04 April 2023, up to and including 30 May 2023 for total maximum amount of SEK 25 million in accordance with the authorisation from the Annual General Meeting on 20 June 2022.
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) 16 May 2023 1,385 29.55 32.20 30.97 17 May 2023 996 30.05 31.45 30.76 19 May 2023 1,405 29.40 30.95 30.32 22 May 2023 1,515 29.80 30.80 30.44 5,301
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 23 May 2023 amounts to 585,180 shares. The total number of shares in CoinShares amounts to 68,135,425.
For a full break-down of repurchases made, please refer to the attached announcement.
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 | 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 Tuesday, 23 May 2023.
Attachment
An earlier version of this press release was missing the hyper link to our final Q1 Report as posted this morning on the CoinShares website. This corrected version of the press release now contains that link and the Q1 Earnings Report attached.
Q1 2023 has seen a return to profitability in a challenging environment, demonstrating the robust nature of the Group’s underlying business model.
16th May 2023 | SAINT HELIER, Jersey | CoinShares International Limited (“CoinShares” or “the Company”) (Nasdaq Stockholm: CS;US OTCQX: CNSRF), the leading European digital asset manager, has today published its results for the quarter ending 31st March 2023.
Jean-Marie Mognetti, Chief Executive Officer of CoinShares said:
“I'm pleased to announce that Q1 2023 has underscored CoinShares' robust resilience and adaptability. The financial landscape has been riddled with obstacles this quarter, yet, CoinShares has emerged not just unscathed, but stronger. Looking ahead, I remain optimistic about our industry and CoinShares' place within it.”
Q1 2023 financial highlights
- Q1 revenue of £9.4 million (Q1 2022: £18.0 million)
- Q1 Gains and Other income of £5.9 million (Q1 2022: £11.2 million)
- Q1 adjusted EBITDA of £8.5 million (Q1 2022: £19.4 million)
- Total comprehensive income for Q1 2023 of £2.9 million (Q1 2022: £20.7 million)
Q1 2023 operational highlights
- CoinShares, as Europe's leading alternative asset manager for digital assets, is enhancing its portfolio of offerings in 2023 with the establishment of an active asset management business line.
- CoinShares' Passive Asset Management division had a steady quarter, generating management fees of £9.2 million. CoinShares introduced fee-free services for our CoinShares Physical Ethereum ETP and launched two new crypto ETP indices: CoinShares Physical Top 10 Crypto Market, which provides exposure to a diverse range of cryptocurrencies for cost-effective diversification, and the CoinShares Physical Smart Contract Platform, which offers exposure to the infrastructure layers of the digital asset market. Amid market fluctuations, our collaboration with Invesco held firm globally, and funds linked to our BLOCK index attracted $20.8 million in new investments.
- CoinShares' Capital Markets division reported gains and other income in Q1 of £6.7 million. During the past quarter the Capital Markets department has executed three strategic actions to mitigate risk and enhance due diligence: bolstering our counterparty controls and processes using internal expertise;pioneering professionalisation of the sector to reduce counterparty risks, including establishing proofs of concept with several exchanges and custodians for safer trading;and securing new banking partnerships to ensure smooth US dollar transactions in light of recent regulatory changes in the crypto market. These efforts have been instrumental in delivering performance over Q1.
ENDS
For the full CoinShares Q1 2023 report, click this link.
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. Focusing on crypto since 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 8:00 am GMT+1 on 16th May 2023.
PRESS CONTACT
CoinShares
Benoît Pellevoizin
bpellevoizin@coinshares.com
H/Advisors Maitland
Freddie Barber / Alasdair Todd
coinshares@h-advisors.global
+44 (0) 207 379 5151
Attachment
Q1 2023 has seen a return to profitability in a challenging environment, demonstrating the robust nature of the Group’s underlying business model.
16th May 2023 | SAINT HELIER, Jersey | CoinShares International Limited (“CoinShares” or “the Company”) (Nasdaq Stockholm: CS;US OTCQX: CNSRF), the leading European digital asset manager, has today published its results for the quarter ending 31st March 2023.
Jean-Marie Mognetti, Chief Executive Officer of CoinShares said:
“I'm pleased to announce that Q1 2023 has underscored CoinShares' robust resilience and adaptability. The financial landscape has been riddled with obstacles this quarter, yet, CoinShares has emerged not just unscathed, but stronger. Looking ahead, I remain optimistic about our industry and CoinShares' place within it.”
Q1 2023 financial highlights
- Q1 revenue of £9.4 million (Q1 2022: £18.0 million)
- Q1 Gains and Other income of £5.9 million (Q1 2022: £11.2 million)
- Q1 adjusted EBITDA of £8.5 million (Q1 2022: £19.4 million)
- Total comprehensive income for Q1 2023 of £2.9 million (Q1 2022: £20.7 million)
Q1 2023 operational highlights
- CoinShares, as Europe's leading alternative asset manager for digital assets, is enhancing its portfolio of offerings in 2023 with the establishment of an active asset management business line.
- CoinShares' Passive Asset Management division had a steady quarter, generating management fees of £9.2 million. CoinShares introduced fee-free services for our CoinShares Physical Ethereum ETP and launched two new crypto ETP indices: CoinShares Physical Top 10 Crypto Market, which provides exposure to a diverse range of cryptocurrencies for cost-effective diversification, and the CoinShares Physical Smart Contract Platform, which offers exposure to the infrastructure layers of the digital asset market. Amid market fluctuations, our collaboration with Invesco held firm globally, and funds linked to our BLOCK index attracted $20.8 million in new investments.
- CoinShares' Capital Markets division reported gains and other income in Q1 of £6.7 million. During the past quarter the Capital Markets department has executed three strategic actions to mitigate risk and enhance due diligence: bolstering our counterparty controls and processes using internal expertise;pioneering professionalisation of the sector to reduce counterparty risks, including establishing proofs of concept with several exchanges and custodians for safer trading;and securing new banking partnerships to ensure smooth US dollar transactions in light of recent regulatory changes in the crypto market. These efforts have been instrumental in delivering performance over Q1.
ENDS
For the full CoinShares Q1 2023 report, click this link.
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. Focusing on crypto since 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 8:00 am GMT+1 on 16th May 2023.
PRESS CONTACT
CoinShares
Benoît Pellevoizin
bpellevoizin@coinshares.com
H/Advisors Maitland
Freddie Barber / Alasdair Todd
coinshares@h-advisors.global
+44 (0) 207 379 5151
16 May 2023 | SAINT HELIER, Jersey - As announced on 04 April 2023, the Board of Directors of CoinShares International Limited ("CoinShares" or the "Company") (Nasdaq Stockholm Market: CS;US OTCQX: CNSRF), Europe's largest and leading digital asset investment and trading group by AuM, resolved to implement a share buy-back program and repurchase shares on Nasdaq Stockholm Market during the period 04 April 2023, up to and including 30 May 2023 for total maximum amount of SEK 25 million in accordance with the authorisation from the Annual General Meeting on 20 June 2022.
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) 09 May 2023 2,395 28.80 30.15 29.24 10 May 2023 2,400 29.40 31.45 30.63 11 May 2023 2,333 30.60 32.35 31.65 12 May 2023 1,650 30.00 31.80 31.04 15 May 2023 1,540 31.50 31.95 31.70 10,318
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 16 May 2023 amounts to 578,474 shares. The total number of shares in CoinShares amounts to 68,135,425.
For a full break-down of repurchases made, please refer to the attached announcement.
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 | 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 Tuesday, 16 May 2023.
Attachment
09 May 2023 | SAINT HELIER, Jersey - As announced on 04 April 2023, the Board of Directors of CoinShares International Limited ("CoinShares" or the "Company") (Nasdaq Stockholm Market: CS;US OTCQX: CNSRF), Europe's largest and leading digital asset investment and trading group by AuM, resolved to implement a share buy-back program and repurchase shares on Nasdaq Stockholm Market during the period 04 April 2023, up to and including 30 May 2023 for total maximum amount of SEK 25 million in accordance with the authorisation from the Annual General Meeting on 20 June 2022.
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) 02 May 2023 2,345 32.30 33.15 32.83 03 May 2023 2,365 32.35 33.90 33.10 04 May 2023 2,405 33.10 33.55 33.27 05 May 2023 2,415 32.00 32.85 32.50 08 May 2023 2,400 29.85 30.70 30.21 11,930
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 09 May 2023 amounts to 568,156 shares. The total number of shares in CoinShares amounts to 68,135,425.
For a full break-down of repurchases made, please refer to the attached announcement.
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 | 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 Tuesday, 09 May 2023.
Attachment
02 May 2023 | SAINT HELIER, Jersey - As announced on 04 April 2023, the Board of Directors of CoinShares International Limited ("CoinShares" or the "Company") (Nasdaq Stockholm Market: CS;US OTCQX: CNSRF), Europe's largest and leading digital asset investment and trading group by AuM, resolved to implement a share buy-back program and repurchase shares on Nasdaq Stockholm Market during the period 04 April 2023, up to and including 30 May 2023 for total maximum amount of SEK 25 million in accordance with the authorisation from the Annual General Meeting on 20 June 2022.
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) 25 April 2023 2,530 31.05 32.90 32.53 26 April 2023 2,500 33.65 34.60 34.42 27 April 2023 2,515 32.50 34.80 33.86 28 April 2023 2,425 30.85 31.40 31.08 9,970
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 02 May 2023 amounts to 556,226 shares. The total number of shares in CoinShares amounts to 68,135,425.
For a full break-down of repurchases made, please refer to the attached announcement.
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 | 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 Tuesday, 02 May 2023.
Attachment
28th April 2023 | 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, today published its 2022 Annual Report, providing comprehensive and detailed information on the firm, its financial performance, its strategy, corporate governance and the industry and market for the 2022 financial year. The report includes the audited financial statements for the year ending 31st December 2022. The full report can be found here. The AGM Notice can be found here.
2022 financial highlights
- Revenue of £51.3 million (2021: £80.8 million).
- Operating loss* of £20.2 million (2021: operating profit of £101.4 million).
- Total comprehensive income for the year £2.9 million (2021: £113.5 million).
- Net asset position of the Group as at 31st December 2022 of £203.7 million (December 2021: £200.0 million).
*Operating loss taken from the Group’s Alternative Statement of Comprehensive Income
2022 business overview:
- Asset Management: European net investment into crypto ETPs was mildly negative as a result of market events including Luna and FTX. 2022 saw gross revenue generated from XBT Provider of £46.0 million (2021: £78.3 million), with CoinShares Physical posting gross revenue of £2.3 million (2021: £0.9 million) with inflows roughly offsetting the negative revenue impact of price over the year. The Group’s BLOCK Index generated fees of £1.9 million (2021: £1.2 million). In 2023, we believe that European regulatory clarity around both ETPs and underlying crypto assets will help a larger proportion of professional investors to invest in the opportunity that strengthening fundamentals and lower prices present.
- Capital Markets: The total notional traded by CoinShares Capital Markets in 2022 reduced to $15.0 billion (2021: $32 billion) as market participants withdrew from the market and black swan events quelled investor appetites. Q2 and Q4 Capital Markets performance was overshadowed by the significant exceptional items incurred on disposal of the Group’s US Terra holding and amounts held on FTX, which stood at £17.9 million and £26.0 million respectively. Gains and income generated by the Capital Markets team excluding these two items was £26.5 million (2021: £61.2 million).
- Consumer Solutions: FTX’s bankruptcy had a significant impact on the Group’s capacity to deploy HAL.trading in Europe. Consequently, in consultation with CoinShares France’s senior management, it was decided to terminate CoinShares’ consumer activity. (to refocus our energy on our core strategy)
- Principal Investments: Our Principal Investments portfolio suffered from the turbulence of 2022 and we experienced several write-downs with certain invested companies ceasing trading altogether. Following the events of 2022, we believe that institutional focused, regulated players will benefit the most in 2023. This view aligns with our investments in Komainu, the regulated custodian, which successfully raised at the end of Q4 2022 and announced a new CEO. Additionaly It is aligned with our FlowBank investment, the fully licensed Swiss bank, which has experienced a consistent 30-40% growth rate in new clients per quarter since Q1 2021.
- Strategy
CoinShares' 2022 Annual Report highlights the company's focus on its core identity as an asset manager with 10 years of expertise in the digital asset industry. With clarified objectives and by charting a new path, the 2023 strategy is designed to consolidate CoinShares' position as Europe's leading alternative asset manager specialised in digital assets.
To cater to investors seeking sophisticated investment alternatives, CoinShares plans to expand its product offering and establish an active asset management business with several strategies open to institutional external allocators. For its passive asset management franchise, the company aims to continue to increase its European market share of gross inflows, targeting a 30% share this year doubling up versus 2021.
ABOUT COINSHARES
CoinShares is the leading European digital asset manager that delivers a broad range of financial services across investment management, trading, securities, and consumer products to a wide array of clients that includes corporations, financial institutions, and individuals. The Group is headquartered in Jersey, with a presence in France, Sweden, 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 | enquiries@coinshares.com
Investor Relations | +44 (0)1534 513 100 | ir@coinshares.com.
PRESS CONTACT
CoinShares
Benoît Pellevoizin
bpellevoizin@coinshares.com
H/Advisors Maitland
Freddie Barber / Alasdair Todd
coinshares@h-advisors.global
+44 (0) 207 379 5151
Notice is hereby given that the Annual General Meeting of CoinShares International Limited (the “Company”) will take place on Wednesday, 31 May 2023 at 14:00 BST in the form of a virtual event without the physical presence of the shareholders or their proxies.
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 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 2023, 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 2023, 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 2023. 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), Gunther Thumann (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 2023. 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. ITEM 6: ELECTION OF ONE PERSON TO CERTIFY THE MINUTES The Board of Directors suggests that Michael Petch be elected to verify the minutes. The task of Mr Petch also includes controlling the voting list and that the received postal votes are correctly reflected in the minutes of the Meeting. 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. Item 11 For the period up to the end of the Annual General Meeting 2024, 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 2024. 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 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 2022. ITEM 14: 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 on Nasdaq Stockholm or any other regulated market.
- The authorisation may be exercised on one or more occasions before the 2024 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.
- Repurchases of the Company’s own 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 repurchase.
- 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 2024 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 68,135,425 shares, with a corresponding number of votes. The Company holds 553,801 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, 28 April 2023
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 | enquiries@coinshares.com
Investor Relations | +44 (0)1534 513 100 | enquiries@coinshares.com
Attachments
25 April 2023 | SAINT HELIER, Jersey - As announced on 04 April 2023, the Board of Directors of CoinShares International Limited ("CoinShares" or the "Company") (Nasdaq Stockholm Market: CS;US OTCQX: CNSRF), Europe's largest and leading digital asset investment and trading group by AuM, resolved to implement a share buy-back program and repurchase shares on Nasdaq Stockholm Market during the period 04 April 2023, up to and including 30 May 2023 for total maximum amount of SEK 25 million in accordance with the authorisation from the Annual General Meeting on 20 June 2022.
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) 18 April 2023 3,170 35.15 36.45 35.72 19 April 2023 3,170 36.70 38.05 37.37 20 April 2023 2,945 35.20 37.15 36.08 21 April 2023 2,570 32.85 34.20 33.46 24 April 2023 2,530 31.25 31.65 31.46 14,385
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 25 April 2023 amounts to 546,256 shares. The total number of shares in CoinShares amounts to 68,135,425.
For a full break-down of repurchases made, please refer to the attached announcement.
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 | 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 Tuesday, 25 April 2023.
Attachment
April 24th 2023 | SAINT HELIER, Jersey | CoinShares International Limited (“CoinShares” or “the Company”) (Nasdaq Stockholm: CS;US OTCQX: CNSRF), Europe's premier alternative asset manager specialising in digital assets, is excited to announce the implementation of LedgerLens, a real time reserves attestation solution provided by independent accounting firm, The Network Firm. This innovative blockchain-enabled solution will offer real time attestation services for CoinShares' Exchange Traded Products (ETPs), including XBT Provider and CoinShares Physical, enabling investors to independently verify the backing of digital assets through easily accessible and instant attest reports.
CoinShares' dedication to providing tailored investment products with enhanced security, transparency, and trust in the digital asset market is reinforced by enabling independent real time asset verification. This commitment was first demonstrated in 2020 with the implementation of the now-terminated TrustExplorer solution, also provided by an independent accounting firm, Armanino LLP.
The LedgerLens solution, implemented by CoinShares, enhances trust in asset-backed tokens and crypto-collateralized notes by offering high frequency reporting and insights into assets and liabilities, including historical positions. This increased transparency facilitates compliance with both international and domestic regulatory requirements, further solidifying CoinShares' standing as a reliable leader in the digital asset investment sector.
Richard Nash, CoinShares’ Chief Financial Officer commented “CoinShares has always championed the importance of trust and transparency. We are happy to announce that we are re-launching our proof-of-reserves solution with the help of The Network Firm and the same, trusted team of individuals we have been working alongside for nearly three years. We see this solution as part of our overall commitment to transparency which is of course a fundamental requirement and benefit of our listed status.”
The Network Firm’s Partner and CEO, Noah Buxton added, “Digital assets allow for major innovations in transparency, which have largely been unrealized over the history of digital assets and the financial industry products based on public blockchains. While real-time reserves reporting is not a panacea to all trust problems in the market today, it does empower asset managers to meet the demands of consumers and the public to offer additional, meaningful, frequent, and independent transparency into their products and operations.” Buxton highlighted that, “With innovative financial products and the increasing complexity of global capital markets comes the need for innovative attest and transparency tools."
You can access the LedgerLens widget on CoinShares website at the following links:
https://coinshares.com/etps/physical/bitcoin
https://coinshares.com/etps/xbt-provider/bitcoin-tracker-one
ABOUT COINSHARES
CoinShares is the leading European digital asset manager that delivers a broad range of financial services across investment management, trading, securities, and consumer products to a wide array of clients that includes corporations, financial institutions, and individuals. The Group is headquartered in Jersey, with a presence in France, Sweden, 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 | enquiries@coinshares.com
Investor Relations | +44 (0)1534 513 100 | enquiries@coinshares.com
PRESS CONTACT
CoinShares
Benoît Pellevoizin
bpellevoizin@coinshares.com
+33672440717
M Group Strategic Communications (on behalf of CoinShares)
Peter Padovano
press@coinshares.com
646-859-5953
18 April 2023 | SAINT HELIER, Jersey - As announced on 04 April 2023, the Board of Directors of CoinShares International Limited ("CoinShares" or the "Company") (Nasdaq Stockholm Market: CS;US OTCQX: CNSRF), Europe's largest and leading digital asset investment and trading group by AUM, resolved to implement a share buy-back program and repurchase shares on Nasdaq Stockholm Market during the period 04 April 2023, up to and including 30 May 2023 for total maximum amount of SEK 25 million in accordance with the authorisation from the Annual General Meeting on 20 June 2022.
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) 11 April 2023 13 36.15 36.15 36.15 12 April 2023 271 37.10 37.10 37.10 14 April 2023 3,170 38.30 38.65 38.54 17 April 2023 3,175 35.70 36.60 36.13 6,629
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 18 April 2023 amounts to 531,871 shares. The total number of shares in CoinShares amounts to 68,135,425.
For a full break-down of repurchases made, please refer to the attached announcement.
About CoinShares
CoinShares is Europe’s largest and leading digital asset investment and trading groupby 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 | 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 Tuesday, 18 April 2023.
Attachment
11 April 2023 | SAINT HELIER, Jersey - As announced on 04 April 2023, the Board of Directors of CoinShares International Limited ("CoinShares" or the "Company") (Nasdaq Stockholm Market: CS;US OTCQX: CNSRF), Europe's largest and leading digital asset investment and trading group by AuM, resolved to implement a share buy-back program and repurchase shares on Nasdaq Stockholm Market during the period 04 April 2023, up to and including 30 May 2023 for total maximum amount of SEK 25 million in accordance with the authorisation from the Annual General Meeting on 20 June 2022.
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) 04 April 2023 2,635 34.20 35.05 34.94 05 April 2023 85 35.30 35.30 35.30 06 April 2023 2,976 34.20 36.20 35.69 5,696
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 11 April 2023 amounts to 525,242 shares. The total number of shares in CoinShares amounts to 68,135,425.
For a full break-down of repurchases made, please refer to the attached announcement.
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 | 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 BST on Tuesday, 11 April 2023.
Attachment
04 April 2023 | SAINT HELIER, Jersey - As announced on 30 December 2022, the Board of Directors of CoinShares International Limited ("CoinShares" or the "Company") (Nasdaq Stockholm Market: CS;US OTCQX: CNSRF), Europe's largest and leading digital asset investment and trading group, resolved to implement a share buy-back program and repurchase shares on Nasdaq Stockholm Market during the period 3 January 2023, up to and including 3 April 2023 for total maximum amount of SEK 25 million in accordance with the authorisation from the Annual General Meeting on 20 June 2022.
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 March 2023 3,520 33.05 34.55 33.54 03 April 2023 3,545 33.25 34.30 34.22 7,065
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 04 April 2023 amounts to 359,546 shares. The total number of shares in CoinShares amounts to 68,135,425.
For a full break-down of repurchases made, please refer to the attached announcement.
The cancellation of own shares will be registered with Euroclear Sweden and the Company’s Registrar as soon as possible and, in any event, before 28 April 2023. After cancellation, the total number of shares in CoinShares will be 67,775,879 and the total number of votes attached to the shares will be 67,775,879. Following registration of the cancellation, the Company will hold no treasury shares.
About CoinShares
CoinShares is Europe’s largest and leading digital asset investment and trading group, 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 | 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 BST on Tuesday, 04 April 2023.
Attachment
04 April 2023 | SAINT HELIER, Jersey - The Board of Directors of CoinShares International Limited ("CoinShares" or the "Company") (Nasdaq Stockholm: CS;US OTCQX: CNSRF), Europe's largest digital asset investment firm, has resolved to repurchase shares on Nasdaq Stockholm during the period 4 April 2023, up to and including 30 May 2023 for total maximum amount of SEK25 million in accordance with the authorisation from the Annual General Meeting on 20 June 2022.
The Board of Director's resolution to implement the share buyback program was made after the Board's review of the Company's capital structure and is implemented for purposes of reducing the capital of the Company.
The share buyback program will be 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 share buyback program resolved by the Board of Directors is subject to the following terms:
- Acquisitions may only be effected on Nasdaq Stockholm in accordance with MAR and the Safe Harbour Regulation.
- Shall be conducted and structured in accordance with Nasdaq Stockholm Rulebook for Issuers.
- Acquisitions shall commence no earlier than 4 April 2023 and shall end no later than 31 May 2023.
- Acquisitions may only be effected at a price per share within the prevailing band of prices applying on Nasdaq Stockholm from time to time and in accordance with the restrictions relating to price in the Safe Harbour Regulation and set out in the resolution passed at the Annual General Meeting on 20 June 2022. The range of prices pertains to the range between the highest purchase price and the lowest selling price disseminated by Nasdaq Stockholm from time to time.
- Acquisitions may only be effected in accordance with the restrictions regarding volume for acquisitions of own shares stated in the Safe Harbour Regulation.
- Shares may be repurchased for a total maximum amount of SEK25 million. The Company's holding of own shares may not at any time exceed 10 per cent of the outstanding shares in the Company.
- Payment for the shares shall be made in cash.
The total number of shares in CoinShares is at the date of this press release 68,135,425. At the time of this press release the Company holds 359,546 own shares.
About CoinShares
CoinShares is Europe’s largest and leading digital asset investment and trading group, 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 | 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 BST on Tuesday, 04 April 2023.
31 March 2023 | SAINT HELIER, Jersey - As announced on 30 December 2022, the Board of Directors of CoinShares International Limited ("CoinShares" or the "Company") (Nasdaq Stockholm Market: CS;US OTCQX: CNSRF), Europe's largest and leading digital asset investment and trading group, resolved to implement a share buy-back program and repurchase shares on Nasdaq Stockholm Market during the period 3 January 2023, up to and including 3 April 2023 for total maximum amount of SEK 25 million in accordance with the authorisation from the Annual General Meeting on 20 June 2022.
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 March 2023 3,200 33.40 33.95 33.82 27 March 2023 3,220 33.70 34.35 33.92 28 March 2023 3,265 30.45 35.30 31.47 29 March 2023 3,407 30.70 33.70 33.06 30 March 2023 3,470 33.40 34.80 34.12 16,562
The Company notes that the Nasdaq Stockholm Rulebook for Issuers of Shares states that “the issuer’s purchase or sale of own shares may not exceed 25% of average daily turnover on the exchange” during the 20 days preceding the date of such purchase. The Company operates under a more conservative threshold of 15% of average daily turnover. On 29 March 2023, the Company briefly exceeded its internal threshold by 15 shares, which were then sold prior to market close in order to remain within its internal parameters.
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 March 2023 amounts to 352,481 shares. The total number of shares in CoinShares amounts to 68,135,425.
For a full break-down of repurchases made, please refer to the attached announcement.
About CoinShares
CoinShares is Europe’s largest and leading digital asset investment and trading group, 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 | 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 Friday, 31 March 2023.
Attachment
New zero management fee ETPs provide seamless experience for investors looking to access large cap digital assets and smart contract platforms.
March 27, 2023 | SAINT HELIER, Jersey - CoinShares (“the Company”) (Nasdaq First North Growth Market: CS;US OTCQX: CNSRF), Europe's largest digital asset investment firm with US$2.2bn* in AUM, today announced the addition of two physically-backed Index ETPs to their growing range of crypto ETPs listed on Germany’s main market Xetra.
The Issuer formally announced on March 27, 2023 a reduction in the management fees to 0.0% p.a. for both the CoinShares Physical Top 10 Crypto Market ETP (Ticker: CTEN) and CoinShares Physical Smart Contract Platform ETP (Ticker: CSSC). Both products track bespoke indices developed in partnership with Compass Financial Technologies.
CoinShares Physical Top 10 Crypto Market ETP
Management Fee: Reduced to 0.0% p.a.
ISIN: JE00BPRDNL86
Ticker: CTEN
WKN: A3G4FD
Rebalance schedule: Quarterly
Weighting methodology: Market Capitalization subject to a maximum 35% weight for each constituent
Cost-efficient, transparent exposure to the large cap crypto market via a regulated product. Investors can diversify across the largest crypto projects.
CoinShares Physical Smart Contract Platform ETP
Management Fee: Reduced to 0.0% p.a.
ISIN: JE00BPRDNM93
Ticker: CSSC
WKN: A3G4FE
Rebalance schedule: Quarterly
Weighting methodology: Market Capitalization subject to a maximum 35% weight for each constituent
Cost-efficient, transparent exposure to the infrastructure layer of the digital asset market via a regulated product. Investors can therefore gain exposure to the universe of future dApps, DeFi, NFT and Web3 protocols without having to select them individually.
Frank Spiteri, CoinShares’ Head of Asset Management, commented on the news, “We are excited to unveil our two innovative new Index ETPs to the market today, both of which have had their management fees reduced to 0.0% p.a.. With CTEN, investors can gain wider market exposure with reduced concentration risk compared to single coins, whilst CSSC offers investors passive exposure to the Web3 revolution in a single diversified, regulated, transparent product.”
CTEN and CSSC were developed to meet demand in the market for Index ETPs that accurately capture trends in the digital asset universe and maximise risk-adjusted performance in the most cost-efficient manner possible.
CoinShares reports that equally-weighted indices usually require a larger number of constituents to outperform their market-cap weighted counterparts, which directly conflicts with the eligible coin restraints imposed by most major European exchanges, and which can lead to higher portfolio turnover costs.
The 35% maximum weight seeks at reducing the concentration risk of the indices, which the firm believes is particularly relevant in a market still so heavily dominated by one asset: Bitcoin.
The quarterly rebalancing schedule and a maximum number of ten constituents allows the products to stay up-to-date with changes in the cryptocurrency market without suffering from the high trading costs associated with more frequent rebalancing strategies.
Guillaume Le Fur, Founding Partner, CEO at Compass Financial Technologies, added, “We are delighted to be extending our partnership with CoinShares with the development and launch of these two new crypto indices. These indices are a reflection of Compass’s continued commitment to innovation in the digital assets industry and we look forward to further collaboration with the CoinShares team in the future.”
*As of March 23, 2022
About the CoinShares Group
CoinShares is the European digital asset manager 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
PRESS CONTACT
CoinShares
Benoît Pellevoizin
bpellevoizin@coinshares.com
M Group Strategic Communications
Peter Padovano
coinshares@mgroupsc.com
Friday, 24 March 2023 | SAINT HELIER, Jersey - CoinShares International Limited ("CoinShares" or the "Company") (Nasdaq Stockholm Market: CS;US OTCQX: CNSRF), Europe's largest and leading digital asset investment and trading group, today announced that it has agreed to enter a block transaction with a shareholders to acquire 160,000 ordinary shares in the capital of the Company.
Subject to completion of the block transaction, the Company will repurchase from the selling shareholder a total 160,000 ordinary shares at a price per share equal to SEK 29 resulting in total consideration of SEK 4,640,000. The Company expects the block transaction to settle via cash and to complete before 31 March 2023.
CoinShares’ decision to repurchase its shares is consistent with the Board’s stated intent regarding the buyback program and for the purposes of reducing the capital of the Company.
The total number of shares in CoinShares is at the date of this press release 68,135,425. At the time of this press release the Company holds 339,119 own shares.
About CoinShares
CoinShares is Europe’s largest and leading digital asset investment and trading group, 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 | 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 18:00 GMT on Friday, 24 March 2023.
24 March 2023 | SAINT HELIER, Jersey - As announced on 30 December 2022, the Board of Directors of CoinShares International Limited ("CoinShares" or the "Company") (Nasdaq Stockholm Market: CS;US OTCQX: CNSRF), Europe's largest and leading digital asset investment and trading group, resolved to implement a share buy-back program and repurchase shares on Nasdaq Stockholm Market during the period 3 January 2023, up to and including 3 April 2023 for total maximum amount of SEK 25 million in accordance with the authorisation from the Annual General Meeting on 20 June 2022.
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) 17 March 2023 1,725 30.60 31.00 30.92 20 March 2023 170 31.10 31.75 31.45 22 March 2023 114 32.35 32.95 32.87 23 March 2023 500 32.90 33.55 33.17 2,509
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 24 March 2023 amounts to 335,919 shares. The total number of shares in CoinShares amounts to 68,135,425.
For a full break-down of repurchases made, please refer to the attached announcement.
About CoinShares
CoinShares is Europe’s largest and leading digital asset investment and trading group, 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 | 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 Friday, 24 March 2023.
Attachment
20 March 2023 | SAINT HELIER, Jersey | CoinShares International Limited ("CoinShares" or the "Company") (Nasdaq Stockholm Market: CS;US OTCQX: CNSRF), Europe's largest and leading digital asset investment and trading group has today granted 448,000 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 2022, as approved at the meeting of the Board held 20 February 2023.
The 448,000 Options granted represent 0.66% of the issued share capital of the Company, bringing the total number of shares under option in issue to 4,424,665 (6.10% of the issued share capital of the Company).
The vesting date of the Options granted shall be 20 March 2026, being three years from the date of grant. The exercise price of the Options is SEK 31 per Ordinary Share.
Options granted under the EIP to persons discharging managerial responsibilities for the Company have been included in the table below, which sets out the total shareholding and interests of each individual in the Company:
IndividualRoleNumber of Shares % of issued capital New Options Total Options Richard Nash CFO 900 0.00% 30,000 204,423 Graeme Dickson GGC 12,427 0.02% 20,000 169,114 Benoit Pellevoizin Head of Marketing and Communications 0 0.00% 40,000 40,000 13,3270.02%90,000413,537
About CoinShares
CoinShares is Europe’s largest and leading digital asset investment and trading group, 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 | 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 Monday, 20 March 2023.
17 March 2023 | SAINT HELIER, Jersey - As announced on 30 December 2022, the Board of Directors of CoinShares International Limited ("CoinShares" or the "Company") (Nasdaq Stockholm Market: CS;US OTCQX: CNSRF), Europe's largest and leading digital asset investment and trading group, resolved to implement a share buy-back program and repurchase shares on Nasdaq Stockholm Market during the period 3 January 2023, up to and including 3 April 2023 for total maximum amount of SEK 25 million in accordance with the authorisation from the Annual General Meeting on 20 June 2022.
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) 10 March 2023 1,230 30.95 33.45 31.90 13 March 2023 1,418 30.00 32.00 31.56 14 March 2023 1,450 30.95 31.95 31.39 15 March 2023 1,650 29.25 30.55 29.83 16 March 2023 1,760 28.55 29.05 28.99 7,508
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 17 March 2023 amounts to 333,410 shares. The total number of shares in CoinShares amounts to 68,135,425.
For a full break-down of repurchases made, please refer to the attached announcement.
About CoinShares
CoinShares is Europe’s largest and leading digital asset investment and trading group, 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 | 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 Friday, 17 March 2023.
Attachment