Transaction in Own Shares

Phoenix Digital Assets PLC

11 September 2024

 

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.

11 September 2024

Phoenix Digital Assets PLC

("Phoenix" or the "Company")

TRANSACTION IN OWN SHARES

Phoenix Digital Assets PLC (AQSE: PNIX) announces that, pursuant to the share buyback programme (the "Programme") announced on 12 August 2024, it acquired the following number of ordinary shares of 0.1 pence each ("Ordinary Shares") through Dowgate Capital.

Date of purchase:	10 September 2024
Number of Ordinary Shares purchased:	250,000
Highest price paid per share (GBP):	4.40p
Lowest price paid per share (GBP):	4.40p
Volume weighted average price paid (GBP):	4.40p

Notification of total voting rights in accordance with paragraph 5.6.1 of the FCA's Disclosure Guidance and Transparency Rules

The purchased Ordinary Shares will be held in treasury by the Company. Following this purchase, the issued share capital of the Company is 460,875,000 Ordinary Shares, each share carrying the right to one vote, of which 6,375,000 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 454,500,000 when determining if they are required to notify their interest in, or a change to their interest in the Company. The Company will make further announcements in due course following the completion of any further purchases pursuant to the Programme.

In accordance with Article 5(1)(b) of Regulation (EU) No 596/2014 as it applies in the UK (the Market Abuse Regulation), the table below contains detailed information of the individual trades made by Dowgate Capital on behalf of the Company as part of the share buyback programme.

Individual transaction

Number of ordinary Shares	Transaction price (GBP share)	Time of transaction (UK time)	Trading venue
250,000	4.40p	09:06	AQSE

The Directors of Phoenix accept responsibility for this announcement. 

For further information please contact:

Phoenix Digital Assets PLC
Jonathan Bixby Executive Chairman	[phone]
First Sentinel Corporate Finance Limited
Corporate Adviser Brian Stockbridge	[phone]

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

 

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