COINSILIUM GROUP LIMITED
(“Coinsilium” or the “Company”)

 

Purchase of Shares

 

Coinsilium Group Limited (NEX: COIN), the blockchain venture builder and investor that finances and manages the development of early-stage blockchain technology companies, is pleased to announce that on 12th September 2017 the Company completed the purchase of 5,000,000 of its shares at a price of 2.25 pence per share. These shares will be held in treasury and in total there are now 5,000,000 shares in treasury. This purchase was made in accordance with the Company's Articles of Association and with a board authority dated 27th July 2017.

The Company has also agreed to immediately sell up to a maximum of 2,000,000 ordinary shares of the 5,000,000 ordinary shares held in treasury at the same price of 2.25p and a further announcement will be made in due course when the sale is complete.

 

The Board is satisfied on reasonable grounds that immediately after the acquisition the value of the Company’s assets will exceed its liabilities and the Company will be able to pay its debts as they fall due.

 

The Company advises that, following this purchase, the Company's issued share capital remains unchanged at 111,487,831 ordinary shares. The total number of shares with voting rights is now 106,487,831. This figure should 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 Directors of Coinsilium Group Limited take responsibility for this announcement.

 

For further information, please contact:

 

Malcolm Palle, Executive Chairman                                                  +44 (0) 7785 381089
Coinsilium Group Limited

 

Eddy Travia, CEO                                                                                +44 (0) 20 3889 4312
Coinsilium Group Limited

www.coinsilium.com

 

Harry Chathli / Ana Ribeiro / Alexis Gore                                          +44 (0) 207 618 9100

Luther Pendragon Ltd

(Media Relations)

 


Guy Miller / Mark Anwyl                                                                    +44 (0) 207 469 0930 
Peterhouse Corporate Finance Limited 
(NEX Exchange Corporate Adviser)

Nick Emerson                                                                                      +44 (0) 1483 413 500
SI Capital Limited
(Broker)

Notes to Editor

About Coinsilium

Coinsilium is a blockchain venture builder and investor that finances and manages the development of early-stage blockchain technology companies. It does this through its consortium of top-tier investors, industry thought leaders and executive managers.  Based in London, Coinsilium’s focus is on driving innovation in fintech and blockchain technologies, enabling businesses to take advantage of growth opportunities. 

Coinsilium shares are traded on NEX Exchange Growth Market, the primary market for unlisted securities operated by NEX Exchange, a Recognised Investment Exchange under the Financial Services and Markets Act 2000.

For further information about Coinsilium please visit http://www.coinsilium.com