CoinShares International Limited (OM:CS) commences an Equity Buyback Plan for 6,259,741 shares, representing 9.19% of its issued share capital, under the authorization approved on May 31, 2023.
June 15, 2023 at 08:00 am
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CoinShares International Limited (OM:CS) commences share repurchases on June 8, 2023, under the program mandated by the shareholders in the Annual General Meeting held on May 31, 2023. As per the mandate, the company is authorized to repurchase up to 6,259,741 shares, representing 9.19% of the total share capital in the company, such that the company?s holding of shares at any given time does not exceed 10% of the total number of shares in the company. The shares will be repurchased at a a price of no more than 5% above the average trading price of the five business days prior to the repurchase. The purpose of the program is to improve the company?s capital structure, create shareholder value, and take advantage of any attractive acquisition opportunities. The authorization will be valid before the 2024 Annual General Meeting. The payment for the shares shall be made in cash. As of April 28, 2023, the company had 68,135,425 ordinary shares in issue and 553,801 shares in treasury.
On June 1, 2023, the company announced a share repurchase program. Under the program, the company will repurchase up to SEK 30 million worth of its shares. The program will expire on November 6, 2023.
On November 7, 2023, the company announced that it has extended its plan duration till May 30, 2024.
CoinShares International Limited is an investment company specializing in digital assets. The Company provides a range of financial services across investment management, trading, and securities to range of clients that include corporations, financial institutions, and individuals. The Company operates three core operating segments: Asset Management, Capital Markets, and Principal Investments. The Companyâs products include CoinShares Physical ETPs and XBT Provider ETPs. CoinShares offers a wide range of physical crypto ETPs, providing investors with the opportunity to gain exposure to a diverse set of digital assets curated and tracked by CoinSharesâ Research Team. The Company also offers hedge fund solutions. It specializes in asset allocation, investment, risk management, market analysis, legal, compliance and accounting for digital assets. The Company offers in-house trading technology platform to its capital markets activities.
CoinShares International Limited (OM: CS) commences an Equity Buyback Plan for 6,259,741 shares, representing 9.19% of its issued share capital, under the authorization approved on May 31, 2023.
COINSHARES INTERNATIONAL LIMITED 
