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LONDON - Phoenix Digital Assets PLC (AQSE:PNIX) has granted 35 million share options to five company directors, according to a press release issued Wednesday.
The options, which allow directors to purchase new ordinary shares at £0.0575 each, were granted on August 19, 2025. One-third of the options vest immediately, with the remaining two-thirds vesting in equal monthly installments over a two-year period. The options will be exercisable for five years.
Jonathan Bixby, through his company Toro Consulting Ltd, received the largest allocation with 15 million options, bringing his total holdings to 23.33 million. Mike Edwards, via Marallo Holdings Inc, and Nick Lyth each received 7.5 million options, while Tim Le Druillenec and Jonathan Hives were granted 2.5 million options each.
The exercise price of £0.0575 per share matches the closing mid-market price on the date of grant.
Following this issuance, Phoenix Digital Assets has 77.13 million options outstanding.
The company noted that the grant constitutes a related party transaction under AQSE Rule 4.6. First Sentinel Corporate Finance Limited, Phoenix’s AQSE Corporate Adviser, reviewed the terms and confirmed they are fair and reasonable for shareholders.
Phoenix Digital Assets trades on the Aquis Stock Exchange under the ticker PNIX.
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