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

Sale of Treasury Shares

 

Coinsilium Group Limited (NEX: COIN), the blockchain venture builder and investor that finances and manages the development of early-stage blockchain technology companies, announces it has sold 1,500,000 ordinary shares in the Company from treasury back to certain individuals at 2.25 pence per share.

As per the regulatory announcement dated 29 September 2017, the Company had agreed to sell up to a maximum of 2,000,000 ordinary shares at 2.25 pence per share, being the same price that the Company bought 5,000,000 ordinary shares into the treasury of the Company.  

The Company advises that, following this sale, the Company's issued share capital remains unchanged at 111,487,831 ordinary shares. The total number of shares with voting rights is now 107,987,831. 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.

Malcolm Palle, director of the Company has bought 300,000 ordinary shares as part of the treasury share sale. Following this purchase he is interested in 7,737,012 ordinary shares, representing 7.16 per cent. of the enlarged issued share capital, excluding treasury shares.

On completion of the sale of treasury shares, the Company is aware of the following disclosable interests in the share capital of the Company:

Name

Ordinary Shares post sale of treasury shares

Percentage interest in enlarged issued share capital, excluding treasury shares

Malcolm Burne

8,208,182

7.60

 

The Company has also received notification that Faruk Saylam owns 6,791,176 ordinary shares representing 6.38 per cent. of the enlarged issued share capital, excluding treasury shares. Faruk Saylam formerly held 11,791,176 ordinary shares through Cosmic Bridge Limited, a company  wholly-owned by Faruk Saylam.

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