COINSILIUM GROUP
LIMITED
("Coinsilium" or the
"Company")
Coinsilium Group Limited: Strategic
Financing to Advance Web3 Operations and Investments
London, UK, 8 March 2024
– Coinsilium Group Limited (AQSE: COIN) (OTCQB: CINGF), the
Web3 advisor, venture builder and investor is pleased to announce a
strategic financing, with director participation
(“Financing”).
FINANCING HIGHLIGHTS:
-
The Financing done via a
combination of a placing and subscription, raised £472,500 through
the issue of 18,900,000 new ordinary shares of no-par value
(“Ordinary Shares”) in the Company at an issue price of 2.5p per
share (“Financing Shares”).
-
Included within the Financing,
Malcolm Palle (Executive Chairman) and Eddy Travia (Chief Executive
Officer) are participating with a subscription of £40,000 in total
as outlined in further detail below.
-
In addition, 3,356,000 Ordinary
Shares have been issued on the same terms as the Financing Shares
for payment totalling £83,900 in respect of a broad range of
business support, marketing and communications services, designed
primarily to broaden awareness of the Company’s value proposition
and attract a wider range of on-market investors (“Service
Shares”).
-
Each Financing Share and Service
Share has an attaching warrant to subscribe for a further new
ordinary share at an exercise price of 3.75p and with a life to
expiry of 3 years from Admission to trading of the new Ordinary
Shares, pursuant to the Financing (in total 22,256,000 “Financing
and Service Warrants”).
-
The Financing and Service
Warrants are subject to an acceleration clause whereby should
Coinsilium shares trade at a volume weighted average share price of
11.25p or higher for 5 trading days, the Company shall have the
right but not the obligation to serve notice to warrant holders,
providing ten business days' notice to exercise and pay for any
outstanding warrants (the “Acceleration”). The Acceleration may be
undertaken in stages, at the Company’s volition.
-
The Financing underpins the
Company’s working capital position and importantly, enables an
acceleration of certain operational and investing activities at a
time when AI and Web3 are rapidly advancing and Coinsilium wishes
to remain at the forefront of various Web3 technology
initiatives.
-
Further announcements will follow
in respect of business developments enabled through this
Financing.
Eddy Travia, Chief Executive Officer
of Coinsilium, commented:
“Coinsilium is recognised as an
active and leading player in the rapidly emerging Web3 economy, and
we in turn recognise the opportunity for substantial value creation
this sector offers shareholders.
The rapidly rising cryptocurrency
prices obviously bodes well for our crypto-treasury position, and
the strengthening market also appears to have generated further
investor interest in Coinsilium, which is understandable given that
we have seen before, in the previous cycles of 2018 and 2021, quite
a close correlation between cryptocurrency price movements and
marked market capitalisation growth for the Company.
However, in addition to this, in
our view, never before has
the Company been so well positioned, with our portfolio now
reaching across multiple high-growth Web3 markets including, but
not limited to infrastructure, AI, social media, finance and game
technology sectors.
With the Financing in hand, and
with the strong cryptocurrency markets prevailing, we are now in an
extremely robust position to move the business forward at an
important time and we will be communicating to the market as
material developments occur.”
DIRECTOR PARTICIPATION
Malcolm Palle (Executive Chairman) and Eddy Travia (Chief
Executive Officer) are participating with a total subscription of
£20,000 each on the same terms as other investors in the
Financing. Further details in the
table below:
|
Director
|
Holding Prior to
Financing
|
Subscription Amount
|
Financing Shares
|
Holding After Financing
|
% Held in COIN After
Financing
|
|
Malcolm Palle
|
12,234,234
|
£20,000
|
800,000
|
13,034,234
|
5.99%
|
|
Eddy Travia
|
13,356,702
|
£20,000
|
800,000
|
14,156,702
|
6.51%
|
The Directors
participation constitutes a related party transaction for the
purposes of Rule 4.6 of the Aquis Growth Market Access Rulebook.
Federica Velardo and Wayne Almeida, Non-Executive
Directors of the
Company, independent of the Directors participation, confirm that
having exercised reasonable care, skill and diligence, the related
party transaction is fair and reasonable insofar as the
shareholders of the Company are concerned.
PDMR DISCLOSURE
The notification below, made in accordance with the
requirements of the EU Market Abuse Regulation, provide further
detail on the director's share dealing.
|
1
|
Details of the person discharging
managerial responsibilities / person closely associated
|
|
a)
|
Name
|
Malcolm Palle
|
|
2
|
Reason for the
notification
|
|
a)
|
Position/status
|
Director, Executive Chairman
|
|
b)
|
Initial notification /Amendment
|
Initial Notification
|
|
3
|
Details of the issuer, emission
allowance market participant, auction platform, auctioneer or
auction monitor
|
|
a)
|
Name
|
Coinsilium Group Limited
|
|
b)
|
LEI
|
213800YP3S25YH3GQV31
|
|
4
|
Details of the transaction(s):
section to be repeated for (i) each type of instrument; (ii) each
type of transaction; (iii) each date; and (iv) each place where
transactions have been conducted
|
|
a)
|
Description of the financial instrument, type of
instrument
|
Ordinary shares of no par value in Coinsilium Group
Limited
|
|
|
|
|
Identification code
|
ISIN: VGG225641015
|
|
|
|
|
b)
|
Nature of the transaction
|
Purchase of ordinary shares and grant of warrants
|
|
c)
|
Price(s) and volume(s)
|
|
|
|
|
|
|
|
Purchase of Shares 2.5p
|
800,000
|
|
|
|
|
Grant of Warrants with Exercise Price 3.75p
|
800,000
|
|
|
|
|
|
|
|
|
d)
|
Aggregated information
|
|
|
|
N/A
|
|
- Aggregated volume
|
|
|
|
|
|
- Price
|
|
|
|
|
|
e)
|
Date of the transaction
|
7 March 2024
|
|
f)
|
Place of the transaction
|
Off Market
|
|
1
|
Details of the person discharging
managerial responsibilities / person closely associated
|
|
a)
|
Name
|
Eddy Travia
|
|
2
|
Reason for the
notification
|
|
a)
|
Position/status
|
Director, Chief Executive Officer
|
|
b)
|
Initial notification /Amendment
|
Initial Notification
|
|
3
|
Details of the issuer, emission
allowance market participant, auction platform, auctioneer or
auction monitor
|
|
a)
|
Name
|
Coinsilium Group Limited
|
|
b)
|
LEI
|
213800YP3S25YH3GQV31
|
|
4
|
Details of the transaction(s):
section to be repeated for (i) each type of instrument; (ii) each
type of transaction; (iii) each date; and (iv) each place where
transactions have been conducted
|
|
a)
|
Description of the financial instrument, type of
instrument
|
Ordinary shares of no par value in Coinsilium Group
Limited
|
|
|
|
|
Identification code
|
ISIN: VGG225641015
|
|
|
|
|
b)
|
Nature of the transaction
|
Purchase of ordinary shares and grant of warrants
|
|
c)
|
Price(s) and volume(s)
|
|
|
|
|
|
|
|
Purchase of Shares 2.5p
|
800,000
|
|
|
|
|
Grant of Warrants with Exercise Price 3.75p
|
800,000
|
|
|
|
|
|
|
|
|
d)
|
Aggregated information
|
|
|
|
N/A
|
|
- Aggregated volume
|
|
|
|
|
|
- Price
|
|
|
|
|
|
e)
|
Date of the transaction
|
7 March 2024
|
|
f)
|
Place of the transaction
|
Off Market
|
ADMISSION AND TOTAL VOTING
RIGHTS
Application has been made for the
Financing and Service Shares to be admitted to the Aquis Growth
Market, expected to occur on or about 20 March 2024.
Following the issue of the
22,256,000 Financing and
Service Shares, the Company will have 217,464,234 Ordinary Shares
in issue, which also represents the total number of voting rights
in the Company. The Company does not hold any ordinary shares in
treasury. 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.
The Directors of Coinsilium Group
Limited take responsibility for this announcement.
|
Coinsilium Group
Limited
Malcolm Palle, Executive
Chairman
Eddy Travia, Chief
Executive
|
+350 2000 8223
+44 (0) 7785 381 089
www.coinsilium.com
|
|
|
|
|
Peterhouse Capital
Limited
Guy Miller / Mark
Anwyl
(AQUIS Growth Market Corporate Adviser and Corporate
Broker)
|
+44 (0) 207 469 0930
|
|
|
|
|
SI Capital Limited
Nick
Emerson
(Broker)
|
+44 (0) 1483 413 500
|
Notes to Editor
About Coinsilium
Coinsilium is an advisor, venture builder and investor at the
forefront of Web3 convergence. The Company invests in and
accelerates Web3 and AI powered technology start-ups whilst
supporting their development and
commercialisation.
Coinsilium also provides strategic advisory services to
start-ups looking to issue tokens through token generation
events.
Coinsilium’s wholly owned subsidiary Coinsilium (Gibraltar)
Limited is the Company’s operational hub in Gibraltar. Coinsilium
shares are traded on the Aquis Growth Market in London, under the
ticker symbol "COIN", and on the OTCQB Venture Market in the United
States under the ticker symbol "CINGF”.
