REG - Phoenix Digital - Exercise of Options and Issue of Equity

RNS Number : 5920F Phoenix Digital Assets PLC 22 April 2025  This announcement contains information which, prior to its disclosure, was inside information as stipulated under Regulation 11 of the Market Abuse (Amendment) (EU Exit) Regulations 2019/310 (as amended). Upon the publication of this announcement via a Regulatory Information Service, this inside information is now considered to be in the public domain.22 April 2025 Phoenix Digital Assets PLC ("Phoenix" or "the Company") Exercise of Options and Issue of SharesPhoenix (AQSE: PNIX) announces that it has received notice from two option holders to exercise options over 3,875,000 ordinary shares of £0.001 each in the Company ("Ordinary Shares") at an exercise price of 1p per Ordinary Share ("New Ordinary Shares"). Of these, 2,000,000 options were exercised by the Company's director, Tim le Druillenec. As a result, the Company will issue 3,875,000 new Ordinary Shares to the exercising option holders.Application will be made for the New Ordinary Shares, which will rank pari passu with the existing Ordinary Shares in issue, to be admitted to trading on the AQSE Growth Market ("Admission"). Dealings are expected to commence on or around 28 April 2025.Total Voting RightsFollowing Admission, the Company's total issued and voting share capital will consist of 464,750,000 each share carrying the right to one vote, of which 21,067,901 are held in treasury. For reporting purposes under the FCA's Disclosure and Transparency Rules the market should exclude any shares held in treasury and should use the figure 443,682,099 when determining if they are required to notify their interest in, or a change to their interest in the Company under the FCA's Disclosure and Transparency Rules.The FCA notification, made in accordance with the requirements of the UK Market Abuse Regulation, is appended below. The directors of Phoenix accept responsibility for this announcement.For further information please contact:Phoenix Digital Assets Jonathan Bixby Executive Chairman Via First Sentinel First Sentinel Corporate Adviser Brian Stockbridge +44 7858 888 007 About Phoenix: Phoenix Digital Assets PLC invests in a diversified portfolio of cryptocurrency, and/or in companies or funds which have exposure to NFT or blockchain technology. The Company's leadership team have an extensive track record in the cryptocurrency sector and previously founded Argo Blockchain PLC, a global crypto miner. Phoenix is headquartered in London, UK and its shares are listed on the Aquis Stock Exchange Growth Market under the ticker symbol PNIX.  https://www.getphoenix.co.uk 1.Details of the person discharging managerial responsibilities / person closely associateda)NameTim Le Druillenec2.Reason for the Notificationa)Position/statusDirectorb)Initial notification / AmendmentInitial notification3.Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitora)NamePhoenix Digital Assets PLC b)LEI984500E15WF052FFEB194.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 conducteda)Description of the Financial instrument, type of instrumentOrdinary shares of £0.001 eachIdentification CodeGB00BMW34204b)Nature of the transactionExercise of warrants c)Price(s) and volume(s)Price(s)Volume(s)£0.012,000,000d)Aggregated information:· Aggregated volume· Price2,000,000£20,000e)Date of the transaction22 April 2025f)Place of the TransactionOutside a trading venueThis information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com.RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.  END  NEXGIGDSIUDDGUB