COINSILIUM GROUP LIMITED
(“Coinsilium” or the “Company”)
Issue of Shares in Lieu of Fees for Services
Coinsilium Group Limited (NEX:COIN), the venture builder, investor and advisor to early-stage blockchain technology companies, announces that the Board has resolved to issue 444,444 Ordinary Shares of the Company at a deemed price of 9 pence per share, in lieu of cash for services provided to the Company.
The Board has also resolved to grant the following Directors a bonus of £2,000 payable in Ordinary Shares at a deemed price of 9 pence per share:
|Name||Amount of Shares||Ordinary Shares post issue of Bonus shares||Percentage interest in enlarged issued share capital|
The Board further resolved to issue a bonus of £2,000 payable in Ordinary Shares at a deemed price of 9 pence per share to one employee of the Company, also equating to 22,222 Ordinary Shares of the Company.
The issue of shares in lieu of fees and expenses payable enables the Company to keep its cost base to a minimum, preserving cash for its venture and investment activities.
Following the issue of the total of 555,554 Ordinary Shares referred to above, the Company has 123,298,610 Ordinary Shares in issue. The total number of Ordinary Shares with voting rights is now 117,898,610 Ordinary Shares. 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 number of Ordinary Shares held in treasury is 5,400,000.
The Directors of Coinsilium Group Limited take responsibility for this announcement.
For further information, please contact:
Malcolm Palle, Executive Chairman
Coinsilium Group Limited
|+44 (0) 7785 381089|
Eddy Travia, CEO
Coinsilium Group Limited
|+44 (0) 20 3889 4312|
Harry Chathli / Ana Ribeiro / Alexis Gore
Luther Pendragon Ltd
|+44 (0) 207 618 9100|
Guy Miller / Mark Anwyl
Peterhouse Corporate Finance Limited
|+44 (0) 207 469 0930|
SI Capital Limited
|+44 (0) 1483 413 500|
Notes to Editor
Coinsilium is blockchain venture builder, advisor 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 also provides advisory services to companies planning token generation events.
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