Press releases
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
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 | enquiries@coinshares.com
Investor Relations | +44 (0)1534 513 100 | enquiries@coinshares.com
PRESS CONTACT
CoinShares
Benoît Pellevoizin
bpellevoizin@coinshares.com
+33 6 72 44 07 17
H/Advisors Maitland
Freddie Barber / Alasdair Todd
coinshares@h-advisors.global
+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 | 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, 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 | 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, 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 | 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, 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 | 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 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 | 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 on 21st February 2021.
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
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 | 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 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 | 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, 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 | enquiries@coinshares.com Investor Relations | +44 (0)1534 513 100 | enquiries@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
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 | 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, 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 | enquiries@coinshares.com
Investor Relations | +44 (0)1534 513 100 | enquiries@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
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 | 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 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 | 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 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 | 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 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 | 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 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 | 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 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 | enquiries@coinshares.com
Investor Relations | +44 (0)1534 513 100 | enquiries@coinshares.com
19 December 2022 | SAINT HELIER, Jersey | CoinShares International Limited (Nasdaq Stockholm: CS;US OTCQX: CNSRF) (“CoinShares” or “the Company”), Europe's largest and longest standing digital asset investment firm, announces the first day of trading on Nasdaq Stockholm’s main market.
Adam Kostyál, Head of European listings at Nasdaq said:
“We welcome CoinShares to Nasdaq Stockholm’s main market and the increased opportunities the uplisting will bring. We look forward to seeing the company’s further growth and development supported by increased investor visibility and international exposure within the cryptofinance community.”
Jean-Marie Mognetti, Chief Executive Officer of CoinShares said:
“We are delighted to start our new life trading on Nasdaq Stockholm’s main market. This marks a significant step in our development and demonstrates our ability to adhere to the enhanced requirements of a regulated exchange.
We have made significant strides this year in challenging market conditions, strengthening our management team and increasing awareness of the company and our various achievements. We are excited to take on the challenges of the market with a view to emerging as the institutional leader in the ever-evolving digital asset sector. With our strong foundation and ambitious vision, we are confident that we will succeed in our mission to become the trusted partner for institutions looking to invest in the future of finance.
The change in trading venue emphasizes our ongoing commitment to developing CoinShares into the leading full-service digital asset investment and trading group, globally. We believe the change in listing venue will allow us to benefit from increased visibility and investor exposure while supporting our ambition to grow our market share.”
There is no offering or issuance of new shares in connection with the Company's shares being admitted to trading on Nasdaq Stockholm. Shareholders of CoinShares do not need to take any action in connection with the change of listing venue. The shares will be traded under the same ticker (CS) and ISIN code (JE00BLD8Y945).
The Company has prepared a prospectus for the admission to trading of the Company's shares on Nasdaq Stockholm. The prospectus (Swedish and English language versions) are available on the Company's website, https://coinshares.com/investor-relations/reports-portal/.
-ENDS-
ABOUT COINSHARES
CoinShares is a leading full-service digital asset investment and trading group 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 Nasdaq Stockholm’s main market 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
The information in this press release has been published through the agency of the contact persons set out above, at 8:00AM GMT on 19 December 2022.
PRESS CONTACT
CoinShares
Benoît Pellevoizin
bpellevoizin@coinshares.com
+33 6 72 44 07 17
H-Advisors Maitland
Freddie Barber
coinshares@h-advisors.global
+44 (0) 207 379 5151
14 December 2022 | SAINT HELIER, Jersey - CoinShares International Limited ("CoinShares or the "Company") announced on 7 December 2022 that the listing committee of Nasdaq Stockholm approved the Company's application for admission of the Company's shares to trading on Nasdaq Stockholm's main market subject to certain conditions being fulfilled. By reason of the change of listing venue, CoinShares has prepared a Swedish language prospectus (the "Swedish Prospectus") and an English translation thereof. The Swedish Prospectus has today been approved by the Swedish Financial Supervisory Authority ("SFSA") (Sw. Finansinspektionen). The Swedish Prospectus, as well as the English language version, is now available on the Company's website.
Publication of the prospectus
For complete information about the change of listing venue, please see the prospectus that has been prepared by the Company, available on the Company's website, www.coinshares.com/governance, press the tab "Listing Change 2022". The Swedish Prospectus will also, in a few days, be available on the SFSA's website, https://fi.se/sv/vara-register/prospektregistret/. There is no offering or issuance of new shares in connection with the prospectus and the Company's shares being admitted to trading on Nasdaq Stockholm.The prospectus has been prepared in accordance with the Regulation (EU) 2017/1129 (the "Prospectus Regulation"). The Swedish Prospectus has been approved by the SFSA, which is the Swedish competent authority in accordance with the Prospectus Regulation, in accordance with article 20 in the Prospectus Regulation. The SFSA only approves the Swedish Prospectus as meeting the standards of completeness, comprehensibility and consistency imposed by the Prospectus Regulation. The approval should not be considered as an endorsement of CoinShares or as an endorsement of the quality of the shares that are the subject of the Swedish Prospectus and does not indicate that the SFSA guarantees that the facts in the Swedish Prospectus are correct or complete. Investors should make their own assessment as to the suitability of investing in the Company's shares.
Timetable
First day of trading on Nasdaq Stockholm's main market is scheduled to 19 December 2022 and last day of trading on Nasdaq First North Growth Market is scheduled to 16 December 2022. The shares will continue to trade under the ticker "CS". Shareholders of CoinShares do not need to take any action in connection with the change of listing venue.
Advisors
Baker McKenzie is the Company's legal advisor in connection with the admission to trading of the Company's shares on Nasdaq Stockholm.
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 First North Growth Market 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
Certified Advisor – Mangold Fondkommission AB | +46 (0)8 503 015 50 | ca@mangold.se
Wednesday, 7 December 2022 | SAINT HELIER, Jersey - Nasdaq Stockholm's listing committee has today approved CoinShares International Limited's ("CoinShares" or the "Company") application for admission of the Company's shares to trading on Nasdaq Stockholm's main market. The approval is conditional upon customary conditions being fulfilled, for example that a prospectus is approved by and registered with the Swedish Financial Supervisory Authority ("SFSA") (Sw. Finansinspektionen) and that the requirements on liquidity of the Company's shares are fulfilled. First day of trading on Nasdaq Stockholm is scheduled to 19 December 2022 and last day of trading on Nasdaq First North Growth Market is scheduled to 16 December 2022.
The Company listed on Nasdaq First North Growth Market in March 2021 under the ticker "CS" and since the listing, the Company has worked strategically to develop the organization and its internal processes to meet the enhanced requirements placed on companies listed on Nasdaq Stockholm. The Company's board of directors and executive committee believe that a listing of the Company's shares on Nasdaq Stockholm will bring, amongst others, the following benefits:
- by trading on the most senior marketplace in Sweden, enhance the regulatory profile, and thereby also the credibility, of the Group;
- increase the Group's presence in the wider digital asset community which can contribute to higher levels of engagement with the Group's products and services;
- increase awareness of the Group among analysts, prospective investors and the media;
- make the Company's shares more attractive as a means of payment in connection with potential acquisitions;and
- enabling investment in the Company's shares by institutional players who otherwise may be restricted to invest in companies that are listed on a MTF.
It is hoped that the above-mentioned benefits will contribute towards continued value creation for the Company's shareholders, and it is therefore the opinion of the board of directors and the executive committee team that a listing on Nasdaq Stockholm is in the interest of all shareholders of the Company.
There is no offering or issuance of new shares in connection with the Company's shares being admitted to trading on Nasdaq Stockholm. Shareholders of CoinShares do not need to take any action in connection with the change of listing venue. The shares will be traded under the same ticker (CS) and ISIN code (JE00BLD8Y945).
Prospectus
CoinShares will prepare a prospectus in connection with the admission to trading of the Company's shares on Nasdaq Stockholm. The prospectus is expected to be approved by the SFSA and published on CoinShares' website, https://coinshares.com/investor-relations/reports-portal/ on or about 14 December 2022.
Advisors
Baker McKenzie is the Company's legal advisor in connection with the admission to trading of the Company's shares on Nasdaq Stockholm.
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 First North Growth Market 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
Certified Advisor – Mangold Fondkommission AB | +46 (0)8 503 015 50 | ca@mangold.se
Wednesday, 16 November 2022 | SAINT HELIER, Jersey – The Board of CoinShares International Limited ("CoinShares" or the "Company") (Nasdaq First North Growth Market: CS;US OTCQX: CNSRF), Europe's largest digital asset investment firm, has today resolved to cancel 78,396 treasury shares, which were acquired through share buy-backs up to 22 September 2022.
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 30 November 2022. After the cancellation, the total number of shares in CoinShares will be 68,135,425 and the total number of votes attached to the shares will be 68,135,425. Following registration of the cancellation, the Company will hold no treasury 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 First North Growth Market 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
Certified Advisor – Mangold Fondkommission AB | +46 (0)8 503 015 50 | ca@mangold.se
16 November 2022 | SAINT HELIER, Jersey | CoinShares International Limited (Nasdaq First North Growth Market: CS;US OTCQX: CNSRF) (“CoinShares'' or the “Group”), Europe's largest and longest standing digital asset investment firm, confirms it has no exposure to Genesis.
ABOUT COINSHARES
CoinShares is a leading full-service digital asset investment and trading group 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 First North Growth Market 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 Certified Advisor – Mangold Fondkommission AB | +46 (0)8 503 015 50 | ca@mangold.se
PRESS CONTACT
CoinShares Benoît Pellevoizin bpellevoizin@coinshares.com
H-Advisors Maitland Freddie Barber / Alasdair Todd coinshares@h-advisors.global +44 (0) 207 379 5151
CoinShares has significantly reduced its exposure to FTX over the past week to approximately £26.6M. The Group's financial health remains solid despite its remaining exposure to FTX, with £240.6M net asset value as at 30 September 2022. XBT Provider and CoinShares Physical ETPs remain fully hedged and collateralized.
10 November 2022 | SAINT HELIER, Jersey | CoinShares International Limited (Nasdaq First North Growth Market: CS;US OTCQX: CNSRF) (“CoinShares'' or the “Group”), Europe's largest and longest standing digital asset investment firm, discloses its exposure to the FTX Exchange, while confirming that the Group has no exposure to FTX’s sister company, Alameda Research. The ability to withdraw funds from FTX was halted on 8 November.
The Group’s total exposure to FTX amounts to approximately $30.3M (£26.6M), and is comprised of:
- 190 BTC (approximately $3.1M) and 1,000 ETH (approximately $1.2M) in pending withdrawals which were submitted prior to the halting of withdrawals by FTX;
- approximately $25.9M of USD and USDC;
- approximately $110k of other assets.
The above represent proprietary assets of the Group, and XBT and CoinShares Physical noteholders would remain unaffected in the event that they were not recoverable. Noteholders may at any time access the Armanino TrustExplorer Attestation reports (CoinShares Physicals and XBT Provider), which are published daily.
CoinShares CEO, Jean Marie Mognetti stated, “In light of the high level of public scrutiny over the financial position of FTX and in the spirit of transparency, we have decided to disclose our current exposure to FTX. Thanks to our prudent approach to risk, we had materially reduced our exposure to FTX exchange in response to increased volatility and uncertainty, ahead of FTX’s decision to freeze further withdrawals.
The financial health of the Group remains strong. As recently announced in the Group’s recent earnings results, CoinShares’ net asset value as at 30 September 2022 stood at £240.6M”.
ABOUT COINSHARES
CoinShares is a leading full-service digital asset investment and trading group 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 First North Growth Market 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
Certified Advisor – Mangold Fondkommission AB | +46 (0)8 503 015 50 | ca@mangold.se
PRESS CONTACT
CoinShares
Benoît Pellevoizin
bpellevoizin@coinshares.com
H-Advisors Maitland
Freddie Barber / Alasdair Todd
coinshares@h-advisors.global
+44 (0) 207 379 5151
31 October 2022 | SAINT HELIER, Jersey | CoinShares International Limited (Nasdaq First North Growth Market: CS;US OTCQX: CNSRF) (“CoinShares”), Europe's largest and longest standing digital asset investment firm, announces its financial results for its third quarter ended 30 September 2022.
Jean-Marie Mognetti, Chief Executive Officer of CoinShares said:
“We are pleased to announce our resilient performance during the quarter, returning to profitable growth despite recent and residual turbulence in the digital asset space.
Key metrics include our Adjusted EBITDA (£6.4m in the quarter) and the significant increase in our net asset position (up 20% year-to-date at £240.6m, from £200.0m as at December 2021). Together, these demonstrate CoinShares’ ability to withstand the sector-wide difficulties that we are all experiencing this year. We continue to generate strong and stable revenues within our Asset Management business unit, which is in turn being supported by additional income and gains from our Capital Market’s activities.
We have continued to develop the Group and progressed a series of important strategic developments in the quarter with more planned for the rest of the year. Importantly, CoinShares’ acquisition of Napoleon Asset Management (renamed as CoinShares France in September), the first AIFM-regulated crypto asset manager in Europe, received AMF final approval in July, while we completed the rebranding and relaunch of our Consumer Solutions platform – formerly Napoleon – as HAL.trading in September.
We are progressing with our plans to move our shares onto the main Nasdaq market in Stockholm in due course. The team has made significant progress to this end in Q3, and will continue to keep the market up-to-date with all material developments on this front.
CoinShares continues to be well-equipped to navigate recent external market turbulence thanks to our resilient strategy which demonstrates the strength of our business model.”
Q3 2022 financial highlights
- Total revenue in the year-to-date of £42.7m (year-to-date 2021: £55.1m)
- Total comprehensive income for Q3 of £20.0m (Q3 2021: £26.2m)
- Adjusted EBITDA of £6.4m (Q3 2021: £26.0m)
Q3 2022 operational highlights
- Important steps taken towards the Group’s long-term strategy, including progressing plans to uplist the Groups’ shares on the Nasdaq Stockholm Main Market and relaunching a new version of our Consumer Solutions platform under the brand HAL.trading.
- Continued investment in the asset management division, with CoinShares Physical’s product suite remaining the European market leader with net inflows of $127m. Across Q3, CoinShares Physical was the European leader in BTC and ETH net inflows, and the division launched a new CoinShares Physical Staked Algorand ETP in July 2022, taking the total number of products across CoinShares Physical and XBT Provider to 18.
- Net asset position has increased 20% year-to-date, to £240.6m at the end of Q3 (December 2021: £200.0m), placing CoinShares in the perfect position to emerge from this consolidation phase stronger than ever.
- Completed our share buyback programme (which ran from June 22 2022 to September 22 2022) as the considered best use of capital while our share prices remains below net asset value, buying back 249,396 shares (in the market, or by cancelling vested and in-the-money options) in Q3 at an average price of SEK 21.68 for a total of SEK 5,407,227.
For the full CoinShares Q3 report, follow this link.
-ENDS-
ABOUT COINSHARES
CoinShares is a leading full-service digital asset investment and trading group 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 First North Growth Market 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
Certified Advisor – Mangold Fondkommission AB | +46 (0)8 503 015 50 | ca@mangold.se
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 4PM GMT on 31 October 2022
PRESS CONTACT
CoinShares
Benoît Pellevoizin
bpellevoizin@coinshares.com
H-Advisors Maitland
Freddie Barber / Alasdair Todd
coinshares@h-advisors.global
+44 (0) 207 379 5151
__________________________________________________________________________________
Forward-looking statements
The report contains certain forward-looking statements and opinions. Forward looking statements are statements that do not relate to historical facts and events, and such statements and opinions pertaining to the future that, for example, contain wordings such as "believes", "estimates", "anticipates", "expects", "assumes", "forecasts", "intends", "could", "will", "should", "would", "according to estimates”, “is of the opinion", "may", "plans”, "potential", "predicts", "projects", "to the knowledge of” or similar expressions, which are intended to identify a statement as forward-looking. This applies, in particular, to statements and opinions in the report concerning future financial returns, plans and expectations with respect to the business and management of the Company, future growth and profitability, and the general economic and regulatory environment, and other matters affecting the Company.
Forward-looking statements are based on current estimates and assumptions made according to the best of the Company's knowledge. Such forward-looking statements are subject to risks, uncertainties, and other factors that could cause the actual results, including the Company's cash flow, financial position, and operating profit, to differ from the information presented in such statements, to fail to meet expectations expressly or implicitly assumed or described in those statements or to turn out to be less favourable than the results expressly or implicitly assumed or described in those statements. Accordingly, prospective investors should not place undue reliance on the forward-looking statements contained herein and are strongly advised to read the entire report. The Company cannot give any assurance regarding the future accuracy of the opinions set forth herein or as to the actual occurrence of any predicted developments.
In light of the risks, uncertainties and assumptions associated with forward-looking statements, it is possible that the future events mentioned in the report may not occur. Moreover, the forward-looking estimates and forecasts derived from third party studies referred to in the report may prove to be inaccurate. Actual results, performance or events may differ materially from those presented in such statements due to, without limitation, changes in general economic conditions, in particular economic conditions in the markets in which the Company operates, changes affecting interest rate levels, changes affecting currency exchange rate, changes in levels of competition and changes in laws and regulations.
Attachment