Phoenix Digital Assets PLC

Share Issue/Capital Change • Jul 8, 2025

National Storage Mechanism | Additional information

RNS Number : 2455Q

Phoenix Digital Assets PLC

08 July 2025

This announcement contains information which, prior to its disclosure, was inside information as stipulated under Regulation 11 of the Market Abuse (Amendment) (EU Exit) Regulations 2019/310 (as amended). Upon the publication of this announcement via a Regulatory Information Service, this inside information is now considered to be in the public domain.

08 July 2025  

Phoenix Digital Assets PLC  

("Phoenix" or "the Company")  

Exercise of Options and Issue of Shares

Phoenix (AQSE: PNIX) announces that it has received notice from a director of the Company, Jonathan Hives, to exercise options over 2,000,000 ordinary shares of £0.001 each in the Company ("Ordinary Shares") at an exercise price of 1p per Ordinary Share ("New Ordinary Shares"). As a result, the Company will issue 2,000,000 new Ordinary Shares to the director .

Application will be made for the New Ordinary Shares, which will rank pari passu with the existing Ordinary Shares in issue, to be admitted to trading on the AQSE Growth Market ("Admission"). Dealings are expected to commence on or around 14 July 2025.

Total Voting Rights

Following Admission, the Company's total issued and voting share capital will consist of 466,750,000 each share carrying the right to one vote, of which 25,265,295 are held in treasury. For reporting purposes under the FCA's Disclosure and Transparency Rules the market should exclude any shares held in treasury and should use the figure 441,484,705 when determining if they are required to notify their interest in, or a change to their interest in the Company under the FCA's Disclosure and Transparency Rules.

The FCA notification, made in accordance with the requirements of the UK Market Abuse Regulation, is appended below.  

The directors of Phoenix accept responsibility for this announcement.

For further information please contact:

Phoenix Digital Assets
Jonathan Bixby   Executive Chairman	Via First Sentinel
First Sentinel
Corporate Adviser   Brian Stockbridge	+44 7858 888 007

About Phoenix:  

Phoenix Digital Assets PLC invests in a diversified portfolio of cryptocurrency, and/or in companies or funds which have exposure to NFT or blockchain technology. The Company's leadership team have an extensive track record in the cryptocurrency sector and previously founded Argo Blockchain PLC, a global crypto miner. Phoenix is headquartered in London, UK and its shares are listed on the Aquis Stock Exchange Growth Market under the ticker symbol PNIX.  https://www.getphoenix.co.uk  

1.

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Jonathan Hives

2.

Reason for the Notification

a)

Position/status

D irector

b)

Initial notification / Amendment

Initial notification

3.

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

Phoenix Digital Assets PLC  

b)

LEI

984500E15WF052FFEB19

4.

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

a)

Description of the Financial instrument, type of instrument

Ordinary shares of £0.001 each

Identification Code

GB00BMW34204

b)

Nature of the transaction

Exercise of o ptions  

c)

Price(s) and volume(s)

Price(s)	Volume(s)
£0.01	2,000,000

d)

Aggregated information:

· Aggregated volume

· Price

2,000,000

£20,000

e)

Date of the transaction

08 July 2025

f)

Place of the Transaction

Outside a trading venue

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