Digital asset investment and trading group Coinshares International Limited today announced that it has agreed to enter into a block transaction with a shareholder to acquire 50,000 ordinary shares in the capital of the company.
Subject to completion of the block transaction, CoinShares will repurchase from the selling shareholder a total of 50,000 ordinary shares at a price per share equal to SEK 33.00 resulting in a total consideration of SEK 1,650,000 (approximately GBP 131,598.26). The Company expects the block transaction to settle via cash and to complete before Friday, 10 March 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.
Jean-Marie Mognetti, CoinShares’ Chief Executive Officer,…
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