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.
30 December 2024
Supernova
Digital Assets PLC
("Supernova" or the "Company")
Share
Buyback
Supernova Digital Assets PLC (AQSE: SOL)
announces that, further to authorisation granted by
shareholders at the Annual General Meeting of the Company held on 7
May 2024 ("AGM"), it acquired the following number of ordinary
shares of £0.001 each ("Ordinary Shares") through Oberon
Investments Limited.
|
Date of purchase:
|
27 December 2024
|
|
Number of Ordinary Shares purchased:
|
67,000,000
|
|
Highest price paid per share (GBP):
|
0.002239
|
|
Lowest price paid per share (GBP):
|
0.002239
|
|
Volume weighted average price paid
(GBP):
|
0.002239
|
The purchase was be made in accordance with the
resolution passed by shareholders at the AGM. A copy of the
circular convening AGM, which contains the full text of the
resolution, is available on the Company's website https://www.supernovaplc.com/investors
The maximum aggregate number of Ordinary Shares
authorised to be purchased is 1,300,000,000, representing
approximately 90% of the issued capital of the Company as of 5
April 2024. The minimum price, exclusive
of all expenses, authorised to be paid for an Ordinary Share is the
nominal value of an Ordinary Share. The maximum price, exclusive of
all expenses, authorised to be paid for an Ordinary Share is
whichever is the higher of £0.0024 and an amount equal to the net
asset value of the Company per share as announced by the Company on
a Regulatory Information Service from time to time.
The authority granted at the AGM will expire on 31
December 2025.
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 1,603,225,646 Ordinary Shares, each share
carrying the right to one vote, of which 67,000,000 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 1,536,225,646 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 authority granted at the AGM.
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 Oberon Investments Limited on behalf
of the Company pursuant to the authority granted at the
AGM.
Individual transaction
|
Number of ordinary Shares
|
Transaction price (GBP share)
|
Time of transaction (UK time)
|
Trading venue
|
|
67,000,000
|
0.002239
|
08:00
|
AQSE
|
The Directors of Supernova accept
responsibility for this announcement.
For further information please
contact:
|
Supernova Digital Assets
|
|
|
Mike Edwards
Executive Chairman
|
Via First Sentinel
|
|
First Sentinel
|
|
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Corporate Adviser
Brian Stockbridge
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+44 7858 888 007
|
About Supernova Digital Assets:
The Company will look to identify
investment and business building opportunities in the high growth
Solana and crypto currency ecosystem. The Board intends to deploy
the majority of the Company's cash resources in the acquisition of
minority interests in a number of different, yet to be identified,
companies in the broad Solana and crypto currency ecosystem, and to
apply expertise to the business operations and strategic plans of
these companies. The experience, operational skills and contacts of
the Board are intended to act as an accelerator to start-ups and
early-stage companies to maximise their profit opportunity. It is
anticipated that returns to Shareholders will be delivered through
a combination of an appreciation in the Company's share price and
through the adoption of a progressive dividend policy. The
Company's Directors have an established track record, experience
and networks in the crypto currency sector, digital assets
management, as well as the media industry to drive value
creation.
