Press releases
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 | [email protected]
Investor Relations | +44 (0)1534 513 100 | [email protected]
This information is information that CoinShares International Limited is obliged to make public pursuant to the EU Market Abuse Regulation (596/2014). The information in this press release has been published through the agency of the contact persons set out above, at 08:00 BST on Tuesday, 04 April 2023.
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 | [email protected]
Investor Relations | +44 (0)1534 513 100 | [email protected]
This information is information that CoinShares International Limited is obliged to make public pursuant to the EU Market Abuse Regulation (596/2014). The information in this press release has been published through the agency of the contact persons set out above, at 08:00 BST on Tuesday, 04 April 2023.
Attachment
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 | [email protected]
Investor Relations | +44 (0)1534 513 100 | [email protected]
This information is information that CoinShares International Limited is obliged to make public pursuant to the EU Market Abuse Regulation (596/2014). The information in this press release has been published through the agency of the contact persons set out above, at 08:00 GMT on 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 | [email protected]
Investor Relations | +44 (0)1534 513 100 | [email protected]
PRESS CONTACT
CoinShares
Benoît Pellevoizin
[email protected]
M Group Strategic Communications
Peter Padovano
[email protected]
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 | [email protected]
Investor Relations | +44 (0)1534 513 100 | [email protected]
This information is information that CoinShares International Limited is obliged to make public pursuant to the EU Market Abuse Regulation (596/2014). The information in this press release has been published through the agency of the contact persons set out above, at 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 | [email protected]
Investor Relations | +44 (0)1534 513 100 | [email protected]
This information is information that CoinShares International Limited is obliged to make public pursuant to the EU Market Abuse Regulation (596/2014). The information in this press release has been published through the agency of the contact persons set out above, at 08:00 GMT on 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 | [email protected]
Investor Relations | +44 (0)1534 513 100 | [email protected]
This information is information that CoinShares International Limited is obliged to make public pursuant to the EU Market Abuse Regulation (596/2014). The information in this press release has been published through the agency of the contact persons set out above, at 08:00 GMT on 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 | [email protected]
Investor Relations | +44 (0)1534 513 100 | [email protected]
This information is information that CoinShares International Limited is obliged to make public pursuant to the EU Market Abuse Regulation (596/2014). The information in this press release has been published through the agency of the contact persons set out above, at 08:00 GMT on Friday, 17 March 2023.
Attachment
13th March 2023 | SAINT HELIER, Jersey | CoinShares International Limited (“CoinShares” or “the Company”) (Nasdaq Stockholm: CS;US OTCQX: CNSRF), the leading European alternative asset manager specialising in digital assets, has no exposure to Silvergate, Signature or First Republic Bank, and holds an immaterial balance of $20,000 at Silicon Valley Bank. CoinShares has cultivated and continues to maintain strong relationships with a variety of banking partners with established brands in their local jurisdictions.
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 | [email protected]
Investor Relations | +44 (0)1534 513 100 | [email protected]
PRESS CONTACT
CoinShares
Benoît Pellevoizin
[email protected]
+33 6 72 44 07 17
H/Advisors Maitland
Freddie Barber / Alasdair Todd
[email protected]
+44 (0) 207 379 5151
10 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) 03 March 2023 1,200 32.85 33.70 33.03 06 March 2023 1,124 31.55 32.80 32.71 07 March 2023 1,050 30.55 32.50 31.29 08 March 2023 320 32.00 32.60 32.42 09 March 2023 1,110 32.35 33.30 33.02 4,804
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 10 March 2023 amounts to 325,902 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 | [email protected]
Investor Relations | +44 (0)1534 513 100 | [email protected]
This information is information that CoinShares International Limited is obliged to make public pursuant to the EU Market Abuse Regulation (596/2014). The information in this press release has been published through the agency of the contact persons set out above, at 08:00 GMT on Friday, 10 March 2023.
Attachment
03 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 February 2023 1,622 32.65 33.65 33.22 27 February 2023 1,550 32.10 33.40 32.92 28 February 2023 1,450 32.15 33.00 32.57 01 March 2023 1,420 32.80 33.65 33.19 02 March 2023 1,350 32.05 33.60 33.35 7,392
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 03 March 2023 amounts to 321,098 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 | [email protected]
Investor Relations | +44 (0)1534 513 100 | [email protected]
This information is information that CoinShares International Limited is obliged to make public pursuant to the EU Market Abuse Regulation (596/2014). The information in this press release has been published through the agency of the contact persons set out above, at 08:00 GMT on Friday, 03 March 2023.
Attachment
Tuesday, 28 February 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 into a block transaction with a shareholder to acquire 50,000 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 of 50,000 ordinary shares at a price per share equal to SEK 33.00 resulting in a total consideration of SEK 1,650,000 (approximately GBP 131,598.26). The Company expects the block transaction to settle via cash and to complete before Friday, 10 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. Jean-Marie Mognetti, CoinShares’ Chief Executive Officer, stated “We are pleased to announce the repurchase of our own shares in-line with CoinShares’ capital allocation strategy”.
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 266,878 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 | [email protected]
Investor Relations | +44 (0)1534 513 100 | [email protected]
This information is information that CoinShares International Limited is obliged to make public pursuant to the EU Market Abuse Regulation (596/2014). The information in this press release has been published through the agency of the contact persons set out above, at 08:00 GMT on Tuesday, 28 February 2023.
24 February 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 February 2023 776 32.10 32.60 32.46 20 February 2023 300 33.05 33.20 33.15 21 February 2023 1,570 33.10 33.70 33.47 22 February 2023 1,589 31.55 33.80 32.23 23 February 2023 1,641 32.75 33.50 33.17 5,876
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 February 2023 amounts to 263,706 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 | [email protected]
Investor Relations | +44 (0)1534 513 100 | [email protected]
This information is information that CoinShares International Limited is obliged to make public pursuant to the EU Market Abuse Regulation (596/2014). The information in this press release has been published through the agency of the contact persons set out above, at 08:00 GMT on Friday, 24 February 2023.
Attachment
Despite difficult market conditions, CoinShares remains financially robust with strong levels of inflow recorded in Q4, and focus remains on digital asset management and institutional offerings.
21st February 2023 | SAINT HELIER, Jersey | CoinShares International Limited (“CoinShares” or “the Company”) (Nasdaq Stockholm: CS;US OTCQX: CNSRF), CoinShares, the leading European digital asset manager, has released its results for the quarter ending 31st December 2022.
Jean-Marie Mognetti, Chief Executive Officer of CoinShares said:
“We are pleased to announce that, despite the challenges faced in the last quarter, the firm has remained financially robust and is proud to have closed the year by graduating to Nasdaq Stockholm's main market.
After returning to profitability in Q3, CoinShares, as announced on 22nd November, was dealt a blow with the collapse of FTX in Q4. As previously disclosed, at the time FTX halted withdrawals, £26 million of our assets remained there. While the Group’s financial health remained solid, providing for these amounts in full has understandably impacted on our financial performance for both Q4 and 2022 as a whole.
We move into 2023 with clear goals that we are looking to achieve. We remain committed to expanding our digital asset management business and are looking at opportunities to become a global player. We are refocusing on our core competencies, meaning digital asset management and institutional, knowing that the big institutional players will come in 2024 after further clarification of regulations.”
Q4 2022 financial highlights
- Q4 revenue, gains and other income of £14.5 million (Q4 2021: £41.9 million)
- Full year revenue, gains and other income of £72.6 million (FY 2021: £151.8 million)
- Q4 adjusted EBITDA of negative £23.5 million (Q4 2021: positive £32.1 million)
- Full year adjusted EBITDA of negative £6.5 million (FY 2021: positive £121.1 million)
- Total comprehensive income for Q4 2022 of negative £37.0 million (Q4 2021: income of £28.6 million)
- Total comprehensive income for the full year 2022 of £3.0 million (FY 2021: £113.4 million)
Q4 2022 operational highlights
- Important steps taken towards the Group’s long-term strategy, including uplisting to the Nasdaq Stockholm Main Market. The Group’s first day of trading commenced on 19th December 2022, marking the successful end to a process that the whole Group worked tirelessly towards.
- Despite wider market conditions which resulted in many of our competitors in the ETP space experiencing Q4 outflows, CoinShares Physical recorded $17.2 million in inflows.
- The difficult but necessary decision taken to wind down the CoinShares Consumer Platform. Market conditions in a post FTX environment, gave rise to a situation that did not allow us, with our existing capital structure, to support a consumer activity that required significant upfront investment in marketing.
- We did not circumvent FTX’s bankruptcy unscathed. At the time FTX halted withdrawals from its exchange, £26 million of our assets remained there. Following FTX’s declaration of bankruptcy it is entirely uncertain when or how much, if any, we will be able to recover. Consequently we wrote off our entire exposure as a conservative measure.
ENDS
For the full CoinShares Q4 22 Report, click this link.
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 | [email protected]
Investor Relations | +44 (0)1534 513 100 | [email protected]
This information is information that CoinShares International Limited is obliged to make public pursuant to the EU Market Abuse Regulation 596/2014. The information in this press release has been published through the agency of the contact persons set out above, at 8:00 am GMT on 21st February 2021.
PRESS CONTACT
CoinShares
Benoît Pellevoizin
[email protected]
H/Advisors Maitland
Freddie Barber / Alasdair Todd
[email protected]
+44 (0) 207 379 5151
Attachment
17 February 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 February 2023 2,180 31.20 31.90 31.62 13 February 2023 2,118 30.90 32.35 31.38 14 February 2023 1,752 30.65 32.00 31.47 15 February 2023 1,700 30.30 31.20 30.85 16 February 2023 1,630 31.15 32.55 32.18 9,380
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 February 2023 amounts to 257,830 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 | [email protected]
Investor Relations | +44 (0)1534 513 100 | [email protected]
This information is information that CoinShares International Limited is obliged to make public pursuant to the EU Market Abuse Regulation (596/2014). The information in this press release has been published through the agency of the contact persons set out above, at 08:00 GMT on Friday, 17 February 2023.
Attachment
10 February 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) 03 February 2023 2,795 31.10 33.40 32.81 06 February 2023 2,810 30.05 32.20 31.15 07 February 2023 2,700 30.15 32.05 31.21 08 February 2023 2,650 31.30 32.45 32.35 09 February 2023 2,512 31.30 32.75 32.03 13,467
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 10 February 2023 amounts to 248,450 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 | [email protected]
Investor Relations | +44 (0)1534 513 100 | [email protected]
This information is information that CoinShares International Limited is obliged to make public pursuant to the EU Market Abuse Regulation (596/2014). The information in this press release has been published through the agency of the contact persons set out above, at 08:00 GMT on Friday, 10 February 2023.
Attachment
February 6th, 2023 | SAINT HELIER, Jersey - CoinShares (“the Company”) (Nasdaq Stockholm: CS;US OTCQX: CNSRF), CoinShares, the leading European digital asset manager, today announced that it will host its Q4 earnings call on February 21st, 2023 at 10 am ET/3 pm GMT. During the call, management will provide an overview of the company’s financial performance and growth prospects for the coming year.
The earnings call will be accessible to all interested parties through a live webcast on the company's website https://coinshares.wavecast.io/quarterly-earnings/q4. The webcast will be archived on the site for later review.
“We are excited to share our financial results and growth prospects with our investors and stakeholders,” said Jared Demark, Head of Investor Relations. “We believe that this earnings call is a crucial opportunity for our investors to stay informed about the progress of our company, and we would be honoured to have you join us.”
For those unable to participate in the live webcast, a replay will be available shortly after the call. Interested parties can access the replay by visiting the company's website https://coinshares.com/investor-relations.
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 | [email protected] Investor Relations | +44 (0)1534 513 100 | [email protected]
PRESS CONTACT
CoinShares Benoît Pellevoizin [email protected]
H-Advisors Maitland Freddie Barber / Alasdair Todd [email protected] +44 (0) 207 379 5151
3 February 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) 27 January 2023 2,401 30.80 31.20 31.13 30 January 2023 2,720 30.15 32.15 31.68 31 January 2023 2,695 31.05 32.35 31.77 01 February 2023 2,352 31.25 32.75 31.90 02 February 2023 2,720 32.80 33.00 32.97 12,888
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 3 February 2023 amounts to 234,983 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 | [email protected]
Investor Relations | +44 (0)1534 513 100 | [email protected]
This information is information that CoinShares International Limited is obliged to make public pursuant to the EU Market Abuse Regulation (596/2014). The information in this press release has been published through the agency of the contact persons set out above, at 08:00 GMT on Friday, 3 February 2023.
Attachment
CoinShares is monitoring the transition of Ethereum and is happy to announce that, as part of its commitment to provide an investor-centric experience, it will reduce its management fees to 0% p.a. on the CoinShares Physical Ethereum ETP on February 1st, 2023
February 1st, 2023 | SAINT HELIER, Jersey - CoinShares (“the Company”) (Nasdaq Stockholm: CS;US OTCQX: CNSRF), Europe's leading digital asset manager has today announced that CoinShares Digital Securities Limited (“CSDS” or the “Issuer”) the wholly owned subsidiary and Issuer of the CoinShares Physical range of Exchange-Traded Products (ETPs) has agreed to offer a fee holiday by reducing the management fees on CoinShares Physical Ethereum from 1.25% p.a. to 0% p.a. on February 1st, 2023.
CoinShares is committed to providing investors with innovative, cost-effective, and reliable ways to gain exposure to Ethereum as it transitions from Proof of Work to Proof of Stake. The 0% p.a. management fee offering on the CoinShares Physical Ethereum ETP reflects this commitment to trust, transparency, and fairness towards investors.
Reducing the management fees to 0% positions CoinShares to capitalise on the upcoming Shanghai Hard Fork, officially planned by the Ethereum Foundation for March 2023. This update will enable ETH stakers to unlock their staked ETH and finally receive the staking rewards they have accumulated. The Shanghai Hard Fork will bring liquidity to Ethereum as the cryptocurrency units currently staking on the Beacon chain will be released for trading. As a result, CoinShares will be able to provide both liquidity and staking rewards to its investors in the CoinShares Physical Ethereum ETP. Reducing the management fees to 0% is a strategic move that allows CoinShares’ investors to anticipate this significant moment for the Ethereum blockchain.
Unlike most of its competitors, CoinShares already shares the revenue from the staking rewards of its staked ETPs (Polygon, Tezos, Polkadot, Cosmos, etc.) with its investors and charges no management fees. This new offering provides investors with a unique opportunity to gain exposure to Ethereum without incurring additional fees, and helps them prepare to benefit from the unlock of staking rewards in 2023.
"At CoinShares, we are dedicated to offering our investors access to transparent, fair, and reliable investment opportunities in digital assets," said Jean-Marie Mognetti, CEO of CoinShares. "The 0% management fee offering on the CoinShares Physical Ethereum ETP is a reflection of our commitment to accessibility and transparency, key factors in achieving mass adoption of digital assets. We are pleased to provide our investors with the opportunity to gain exposure to Ethereum without incurring additional fees in anticipation of the significant Shanghai update on the Ethereum blockchain."
The affected security, CoinShares Physical Ethereum, is listed on the SIX Swiss Exchange, Xetra in Germany, and Euronext in France and the Netherlands.
CoinShares Physical Ethereum
- Tickers: ETHE / CETH
- ISIN: GB00BLD4ZM24
- WKN: A3GQ2N
- Management Fee: Reduced to 0.0% p.a for such period of time until the Issuer, at its sole discretion, decides to end the fee holiday, which will be announced via a registered information service.
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 | [email protected]
Investor Relations | +44 (0)1534 513 100 | [email protected]
PRESS CONTACT
CoinShares
Benoît Pellevoizin
[email protected]
H-Advisors Maitland
Freddie Barber / Alasdair Todd
[email protected]
+44 (0) 207 379 5151
26 January 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) 19 January 2023 2,650 25.50 26.35 26.12 20 January 2023 1,950 26.65 26.90 26.83 4,600
All share buy-backs have been carried out on Nasdaq Stockholm Market by the Company. Following the above repurchases, the Company's holding of own shares as of 26 January 2023 amounts to 222,095 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 | [email protected]
Investor Relations | +44 (0)1534 513 100 | [email protected]
This information is information that CoinShares International Limited is obliged to make public pursuant to the EU Market Abuse Regulation (596/2014). The information in this press release has been published through the agency of the contact persons set out above, at 08:00 GMT on Thursday, 26 January 2023.
Attachment
19 January 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) 12 January 2023 3,695 21.90 22.65 22.42 13 January 2023 2,986 23.00 23.55 23.41 18 January 2023 2,283 24.95 25.45 25.23 8,964
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 19 January 2023 amounts to 217,495 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 | [email protected]
Investor Relations | +44 (0)1534 513 100 | [email protected]
This information is information that CoinShares International Limited is obliged to make public pursuant to the EU Market Abuse Regulation (596/2014). The information in this press release has been published through the agency of the contact persons set out above, at 08:00 GMT on Thursday, 19 January 2023.
Attachment
12 January 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) 05 January 2023 800 22.55 22.85 22.70 09 January 2023 3,690 22.95 23.45 23.05 10 January 2023 3,695 22.25 22.95 22.67 11 January 2023 3,692 20.60 22.45 21.25 11,877
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 January 2023 amounts to 133,531 shares 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 | [email protected]
Investor Relations | +44 (0)1534 513 100 | [email protected]
This information is information that CoinShares International Limited is obliged to make public pursuant to the EU Market Abuse Regulation (596/2014). The information in this press release has been published through the agency of the contact persons set out above, at 08:00 GMT on 12 January 2023.
Attachment
Tuesday, 10 January 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 into block transactions with two shareholders to acquire 196,654 ordinary shares in the capital of the Company.
Subject to completion of the block transactions, the Company will repurchase from the selling shareholders a total 196,654 ordinary shares at a price per share equal to SEK 24 resulting in total consideration of SEK 4,719,696 (approximately GBP 372,856). The Company expects the block transactions to settle via cash and to complete before Friday, 20 January 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. Jean-Marie Mognetti, CoinShares’ Chief Executive Officer, stated “We are pleased to announce the repurchase of a meaningful amount of our own shares in-line with CoinShares’ capital allocation strategy.”.
The total number of shares in CoinShares is at the date of this press release 68,213,821. At the time of this press release the Company holds 82,886 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 | [email protected]
Investor Relations | +44 (0)1534 513 100 | [email protected]
This information is information that CoinShares International Limited is obliged to make public pursuant to the EU Market Abuse Regulation (596/2014). The information in this press release has been published through the agency of the contact persons set out above, at 12:00 GMT on Tuesday, 10 January 2023.
30 December 2022 | 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 3 January 2023, up to and including 3 April 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 3 January 2023 and shall end no later than 3 April 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 68,213,821. At the time of this press release the Company holds 78,396 own shares.
About CoinShares
CoinShares is Europe's largest and longest standing digital asset investment firm, managing billions of dollars of assets on behalf of its client base. The Group is focused on expanding investor access to the digital asset ecosystem by pioneering new financial products and services that seek to provide trust and transparency when accessing this new asset class. CoinShares is publicly listed on the Nasdaq Stockholm under the ticker CS and the OTCQX under the ticker CNSRF.
For more information on CoinShares, please visit: https://coinshares.com
Company | +44 (0)1534 513 100 | [email protected]
Investor Relations | +44 (0)1534 513 100 | [email protected]
This information is information that CoinShares International Limited is obliged to make public pursuant to the EU Market Abuse Regulation (596/2014). The information in this press release has been published through the agency of the contact persons set out above, at 17:00 GMT on 30 December 2023.
Wednesday, 21 December 2022 | SAINT HELIER, Jersey – The Nomination Committee of CoinShares International Limited ("CoinShares" or the "Company") (Nasdaq Stockholm: CS;US OTCQX: CNSRF), Europe's largest digital asset investment firm, proposes the re-election of board members Daniel Masters, Jean-Marie Mognetti, Carsten Køppen, Johan Lundberg, Christine Rankin and Viktor Fritzén. Daniel Masters is proposed to be re-elected as Chairman of the Board.
CEO as a board member
The Nomination Committee has assessed that it benefits CoinShares that Jean-Marie Mognetti, CEO, co-founder and shareholder in the Company, also serves as a board member and therefore proposes re-election of Jean-Marie Mognetti. According to the Swedish Code of Corporate Governance, a maximum of one board member elected at the Annual General Meeting may be engaged in the company's management or in the management of its subsidiaries. This position is most often occupied by the CEO. The Nomination Committee views it as particularly important that Mr Mognetti’s extensive experience and unique knowledge of CoinShares and its operations, as well as the global crypto market, be ensured on the Board.
Composition and independence of the Board
The Nomination Committee proposes that the Board consists of six members, of which four of the members are independent in relation to the company's management and major owners.
The Nomination Committee's motivated statement, together with the Nomination Committee's other proposals, will be published prior to the Annual General Meeting which will be held on 31 May 2023. Information about the Nomination Committee is available at coinshares.com/governance.
About CoinShares
CoinShares is Europe's largest and longest standing digital asset investment firm, managing billions of dollars of assets on behalf of its client base. The Group is focused on expanding investor access to the digital asset ecosystem by pioneering new financial products and services that seek to provide trust and transparency when accessing this new asset class. CoinShares is publicly listed on the Nasdaq Stockholm under the ticker CS and the OTCQX under the ticker CNSRF.
For more information on CoinShares, please visit: https://coinshares.com
Company | +44 (0)1534 513 100 | [email protected]
Investor Relations | +44 (0)1534 513 100 | [email protected]