CoinShares announces block transaction by shareholder
Digital asset manager CoinShares International Limited today announced that it has agreed to enter a block transaction with a shareholder to acquire 358,783 ordinary shares in the capital of the company.
Subject to completion of the block transaction, the company will repurchase from the selling shareholder a total 358,783 ordinary shares at a price per share equal to SEK 30.1143 resulting in total consideration of SEK 10,804,500. The company expects the block transaction to settle via cash and to complete before 9 June 2023.
CoinShares’ decision to repurchase its shares is consistent with the Board’s stated intent regarding the buyback program and for the purposes of reducing the capital of the company.
Additionally, the company announced that it has today agreed a buyback of options granted over 10,446 ordinary shares granted to employees pursuant to the CoinShares Employee Incentive Plan, at a price of SEK 11 per option.
The current total number of shares in CoinShares is 68,135,425.