Further Information on Forthcoming Special Dividend
July 22 2024 - 9:30AM
UK Regulatory
Further Information on Forthcoming Special Dividend
22 July 2024 | SAINT HELIER, Jersey |
CoinShares International Limited (“CoinShares'' or “the Company”)
(Nasdaq Stockholm: CS; US OTCQX: CNSRF).
Further to the announcement dated 12 July 2024
regarding the decision to distribute a special dividend following
the sale of the Group’s FTX claim, the Company now provides some
additional details on the forthcoming payment (“Special
Dividend”).
As previously stated, the proceeds received
following the sale of the FTX claim stand at USD 36,410,210, of
which USD 31,410,210 (approximately GBP 24,276,951) will be
distributed in the Special Dividend.
The Special Dividend will be paid in conjunction
with Tranche 3 of the Group’s forthcoming regular dividend payment,
introduced earlier this year (“Regular Dividend”).
The details for the remaining two Regular
Dividend payments for 2024 in respect of the financial performance
of 2023 are as follows:
|
Ex-dividend date |
Record date |
Payment date |
Tranche 3
(together with Special Dividend) |
27 September 2024 |
30 September 2024 |
3 October 2024 |
Tranche 4
|
27 December 2024 |
30 December 2024 |
6 January 2025 |
As the Special Dividend will be paid together
with Tranche 3, each of the Ex-dividend date, Record date and
Payment date for the Special Dividend Payment will be as disclosed
in the table above.
The total amount to be paid together with
Tranche 3 on or around 3 October 2024 will be the combined amount
of the Special Dividend (USD 31,410,210 converted into GBP at the
prevailing USD/GBP rate) and Regular Dividend (GBP 2,312,623). A
further announcement will be made clarifying the dividend per share
upon finalisation of the payment.
In accordance with Article 115(4) of the
Companies (Jersey) Law 1991, each payment will be subject to an
assessment of the financial health of the Group by its Board.
ABOUT COINSHARES
CoinShares is the European leading investment company specialising
in digital assets, that delivers a broad range of financial
services across investment management, trading and securities to a
wide array of clients that includes corporations, financial
institutions and individuals. Focusing on crypto since 2013, the
firm is headquartered in Jersey, with offices in France, Sweden,
Switzerland, the UK and the US. CoinShares is regulated in Jersey
by the Jersey Financial Services Commission, in France by the
Autorité des marchés financiers, and in the US by the Securities
and Exchange Commission, National Futures Association and Financial
Industry Regulatory Authority. CoinShares is publicly listed on the
Nasdaq Stockholm under the ticker CS and the OTCQX under the ticker
CNSRF.
For more information on CoinShares,
please visit: https://coinshares.com
Company | +44 (0)1534 513 100 |
enquiries@coinshares.com
Investor Relations | +44 (0)1534 513 100 |
enquiries@coinshares.com
PRESS CONTACT
CoinShares
Benoît Pellevoizin
bpellevoizin@coinshares.com
+33 6 72 44 07 17
M Group Strategic
Communications
Peter Padovano
press@coinshares.com
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