Phoenix Digital Assets PLC — Share Issue/Capital Change 2024

May 31, 2024

National Storage Mechanism | Additional information

RNS Number : 5425Q

Phoenix Digital Assets PLC

31 May 2024

31 May 2024  

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.  

Phoenix Digital Assets PLC  

("Phoenix" or "the Company")  

Exercise of Options and Issue of Shares

Phoenix (AQSE: PNIX), an investment firm, announces that it has received notice from an option holder to exercise options over 5,625,000 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 5,625,000 new Ordinary Shares to the exercising option holder.

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 6 June 2024.

Total Voting Rights

Following Admission, the Company's total issued and voting share capital will consist of 1,085,875,000 Ordinary Shares. The Company does not hold any ordinary shares in treasury.

The above figure may be used by shareholders as the denominator for the calculations by which they will determine 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  

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