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LONDON - Phoenix Digital Assets PLC (AQSE:PNIX), a company specializing in digital asset management, has announced the acquisition of 23,317,901 of its own ordinary shares, which are now held as treasury shares. This move, part of an ongoing share buyback program initiated on August 12, 2024, represents 5.02% of the company’s issued share capital as of April 30, 2025.
The buyback was conducted through Dowgate Capital and is in line with the Financial Conduct Authority’s (FCA) Disclosure Guidance and Transparency Rules. Following this transaction, Phoenix Digital Assets PLC’s issued share capital consists of 464,750,000 ordinary shares, each with one voting right. However, the shares held in treasury, which amount to 23,317,901, do not carry voting rights and should be excluded for reporting purposes under the FCA’s rules.
Consequently, the total number of voting rights in the company that should be used by shareholders for notification requirements is 441,432,099. Phoenix Digital Assets PLC has indicated that it will continue to update the market following any further purchases under the share buyback program.
The directors of Phoenix have taken full responsibility for the contents of this announcement. The acquisition of treasury shares is a common practice among publicly traded companies, allowing them to buy back their own shares from the marketplace, which can be used for various corporate purposes.
This announcement is based on a press release statement and provides the market with the latest shareholding information regarding Phoenix Digital Assets PLC as required by regulatory authorities.
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