Coinsilium Group Limited / VGG225641015
15.05.2025 - 17:10:32Coinsilium Group Limited: Placing to Raise £1.25 million, Launch of WRAP Retail Offer and Appointment of Joint Broker
Coinsilium Group Limited (COIN) 15-May-2025 / 16:10 GMT/BST This announcement contains inside information as stipulated under the UK version of the Market Abuse Regulation No 596/2014 which is part of English law by virtue of the European (Withdrawal) Act 2018, as amended. On publication of this announcement via a regulatory information service, this information is considered to be in the public domain. Coinsilium Group Limited (“Coinsilium” or the “Company”) Placing to Raise £1.25 million Launch of WRAP Retail Offer Appointment of Joint Broker Gibraltar, 15 May 2025 – Coinsilium Group Limited (AQUIS:COIN, OTCQB:CINGF), the Web3 investor, advisor, and venture builder is pleased to announce that it has raised GBP 1.25 million gross via a broker led placing of 41,666,657 new ordinary shares of no par value ("Ordinary Shares") at a price of 3 pence per share (the “Placing”). The Placing was oversubscribed. The net proceeds of the Placing will be deployed to further the development of Forza (Gibraltar) Limited (“Forza!”), the Company’s wholly-owned vehicle dedicated to Bitcoin-based treasury activities, to fund further investments and general working capital. The Company also intends to launch a retail offer to new and existing shareholders on the same terms as the Placing, through the Winterflood Retail Access Platform (the "WRAP Retail Offer"). A further announcement will be made by the Company shortly regarding the WRAP Retail Offer and its terms and conditions. The Placing is conditional, inter alia, on the admission of the new Ordinary Shares to trading on the Aquis Growth Market ("Admission") and it is expected that Admission will take place on 22 May 2025. The Placing Shares will rank pari passu in all regards with the existing shares of the Company. Malcolm Palle, Executive Chairman of Coinsilium, commented: “I am delighted to announce this Placing today. We have been very pleased by the response to the Company’s Forza! Initiative and these funds will allow us to advance the implementation of our Bitcoin Treasury Strategy. I am also pleased to welcome Oak Securities as Joint Broker to the Company and would like to acknowledge their role as a cornerstone in this Placing.” Appointment of Joint Broker The Company is pleased to confirm the appointment of Oak Securities ("OAK Securities" or "OAK") as Joint Corporate Broker to the Company with immediate effect. Service Shares 6,560,000 Ordinary Shares have been issued in lieu of cash for payment totalling £196,800 in respect of a broad range of business support, marketing and communications services. Total Voting Rights In accordance with the Financial Conduct Authority's Disclosure and Transparency Rules, the Company hereby announces that following the Placing and Ordinary Shares in lieu of cash, it will have 274,782,557 Ordinary Shares in issue, each share carrying the right to one vote. The above figure of 274,782,557 Ordinary Shares may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the share capital of the Company under the Financial Conduct Authority's Disclosure and Transparency Rules. The Directors of Coinsilium Group Limited take responsibility for this announcement.
Dissemination of a Regulatory Announcement that contains inside information in accordance with the Market Abuse Regulation (MAR), transmitted by EQS Group. The issuer is solely responsible for the content of this announcement. |
ISIN: | VGG225641015 |
Category Code: | MSCM |
TIDM: | COIN |
Sequence No.: | 388663 |
EQS News ID: | 2138928 |
End of Announcement | EQS News Service |
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