12.12.2018 08:00:02
|
Coinsilium Group Limited: STRATEGIC FINANCING
Coinsilium Group Limited (COIN) 12 December 2018
COINSILIUM GROUP LIMITED ("Coinsilium" or the "Company")
STRATEGIC FINANCING
Coinsilium Group Limited (NEX: COIN), the blockchain venture builder and investor that finances and manages the development of early-stage blockchain technology companies, is pleased to announce that it has raised GBP367,125 before expenses to fund the further growth and development of the Company.
Highlights:
Malcolm Palle, Executive Chairman of Coinsilium commented: "Today's financing brings a new strategic sector-focused investor onto our register. Further, adding to our working capital funds will enable us to implement a number of important strategic initiatives to support Coinsilium's growth through 2019 and beyond.
"Shareholders and investors will be aware that the blockchain landscape has been challenging through much of this year and whilst this has impacted on the market valuation of the Company, we are now presented with some interesting strategic opportunities on markedly improved terms.
"Whilst we still see significant upside in our business from existing and new opportunities, we also recognise the need to employ a degree of caution when committing working capital. The funds raised will therefore be effectively deployed to maintain Coinsilium's rapid growth trajectory.
The board continues to focus on delivering long term shareholder value and we will be providing the market with a comprehensive strategic business update early in the new year."
Further Information
Coinsilium has successfully raised GBP367,125 gross of expenses in a placing, through the issue of 9,178,125 Ordinary at a price of 4 pence per share from a new strategic investor and existing shareholders. The placing price represents a premium of 23.1% to the market close price on 11 December 2018.
Each placing share has an attaching warrant to subscribe for a further new ordinary share at an exercise price of 7.5p ("Warrants"), valid for two years from the date of this announcement.
The issued warrants will also have an accelerator clause, for the full two-year term, whereby in the event the share price of the Ordinary Shares reaches a 5 day Volume Weighted Average Price of a minimum of 15 pence bid-price per share, the Company will have the right to require that the warrants be exercised and issued in full.
Total Voting Rights
In accordance with the Financial Conduct Authority's Disclosure and Transparency Rules, Coinsilium hereby announces that following the issue of the 9,178,125 new ordinary shares it has 126,814,235 ordinary shares of nil par value ("Ordinary Shares") in issue, each share carrying the right to one vote, and 5,850,000 Ordinary Shares held in treasury. There is a total of 132,664,235 Ordinary Shares in issue.
The Directors of Coinsilium Group Limited take responsibility for this announcement.
For further information, please contact:
Coinsilium Group Limited
Malcolm Palle, Executive Chairman +44 (0) 7785 381089
Eddy Travia, Chief Executive Officer +44 (0) 20 3889 4312
www.coinsilium.com
Peterhouse Capital Limited +44 (0) 207 469 0930
Guy Miller / Mark Anwyl (NEX Exchange Corporate Adviser)
SI Capital Limited +44 (0) 1483 413 500 Nick Emerson (Broker)
Notes to Editors:
Coinsilium is a 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. Coinsilium's focus is on driving innovation in fintech and blockchain technologies, enabling businesses to take advantage of growth opportunities.
Through its advisory division, Coinsilium also provides strategic 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 please visit www.coinsilium.com
|
ISIN: | VGG225641015 |
Category Code: | MSCU |
TIDM: | COIN |
Sequence No.: | 6852 |
EQS News ID: | 756967 |
End of Announcement | EQS News Service |
|
Wenn Sie mehr über das Thema Aktien erfahren wollen, finden Sie in unserem Ratgeber viele interessante Artikel dazu!
Jetzt informieren!
Nachrichten zu Coinsilium Group Ltdmehr Nachrichten
08:00 |
Coinsilium Group Limited: Strategic Portfolio Update (EQS Group) | |
12.12.24 |
Coinsilium Group Limited: Result of AGM and Chairman’s Statement (EQS Group) | |
10.12.24 |
Coinsilium Group Limited: Exercise of Warrants (EQS Group) | |
03.12.24 |
Coinsilium Group Limited: Appointment of Broker (EQS Group) | |
03.12.24 |
Coinsilium Group Limited: Coinsilium-Liteflow Joint Strategic Advisory Services Agreement with TAND3M Decentralised Launchpad on the TON Blockchain (EQS Group) | |
25.11.24 |
Coinsilium Group Limited: Notice of AGM (EQS Group) | |
02.10.24 |
Coinsilium Group Limited: Strategic Advisory Services Agreement with Stabolut Decentralised Yield-Generating Stablecoin (EQS Group) | |
23.08.24 |
Coinsilium Group Limited: Issue of Shares for Services (EQS Group) |