CoinShares Announces Special Dividend Distribution Following Recovery of FTX Claim
July 12 2024 - 4:00AM
UK Regulatory
CoinShares Announces Special Dividend Distribution Following
Recovery of FTX Claim
12 July 2024 | SAINT HELIER, Jersey | CoinShares
International Limited (“CoinShares'' or “the Company”) (Nasdaq
Stockholm: CS; US OTCQX: CNSRF), the leading European digital
investment company specialising in digital assets, today announced
a special dividend distribution to its shareholders.
Earlier this year, the Company introduced a quarterly dividend
policy, reflecting its strategic focus on balancing growth and
achieving profitability with rewarding its shareholders and
promoting the Company as a dividend paying stock. In light of the
recent retrieval of our FTX claim with a recovery of 116%, the
Board of Directors has now decided to distribute a special
dividend.
Jean-Marie Mognetti, CEO of CoinShares, stated: "This
distribution is our way of expressing gratitude to our
long-standing shareholders who have supported us through the highs
and lows. This also includes our employee shareholders who have
demonstrated their belief in the company by exercising their stock
options. Given the current positive interest rate environment and
our stock price remaining below pre-FTX levels, we believe it is
essential to acknowledge the unwavering trust our investors have
placed in us and reward their loyalty.”
The amount received following the sale of the claim stands at
$36,410,210, of which £24,276,951.30 is to be distributed with the
forthcoming regular dividend payment scheduled for 3 October 2024,
representing a dividend per share of GBP0.36.
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
This information is information that CoinShares International
Limited is obliged to make public pursuant to the EU Market Abuse
Regulation (596/2014). The information in this press release has
been published through the agency of the contact persons set out
above, at 10:00 AM CET on Friday 12th July 2024.
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