CoinShares Resolves on Dividend Distribution for the financial year 2023
10 April 2024 - 8:00PM
CoinShares Resolves on Dividend Distribution for the financial year
2023
10 April 2024 | SAINT HELIER, Jersey
| As announced on 13 February 2024, CoinShares
International Limited ("CoinShares" or the "Company") (Nasdaq
Stockholm: CS; US OTCQX: CNSRF), the leading European
investment company specialising in digital assets, indicated a
distribution to shareholders would be considered within the
parameters of the newly adopted dividend policy.
Under the policy, the Company intends to return
to shareholders by way of annual dividend of between 20% and 40% of
the Group’s annual total comprehensive income, excluding currency
translation differences recognised within other comprehensive
income. The annual dividend will be payable in SEK in four
quarterly instalments via the Euroclear Sweden settlement
system.
Consistent with the policy, the Board of the
Company today announces that it has resolved to declare and pay in
four equal instalments an annual dividend in relation to the
financial year ending 31 December 2023 of GBP 0.13 per ordinary
share, amounting to approximately GBP 9,250,492, to be paid from
the Group’s reserves. The dividend to holders of ordinary shares
will be made in sterling (GBP) and subsequently, before
distribution to shareholders who hold ordinary shares via Euroclear
Sweden, converted to SEK at prevailing rates at the time of
distribution.
The key dates for the annual dividend are as
follows:
|
Ex-dividend date |
Record date |
Payment date |
Total Dividend |
Tranche 1 |
29 April 2024 |
30 April 2024 |
3 May 2024 |
GBP 2,312,623 |
Tranche 2 |
27 June 2024 |
28 June 2024 |
3 July 2024 |
GBP 2,312,623 |
Tranche 3 |
27 September 2024 |
30 September 2024 |
3 October 2024 |
GBP 2,312,623 |
Tranche 4 |
30 December 2024 |
31 December 2024 |
6 January 2025 |
GBP 2,312,623 |
In accordance with Article 115(4) of the
Companies (Jersey) Law 1991, each payment will be subject to an
assessment of the financial health of the Group by its Board.
About CoinShares
CoinShares is the European leading investment
company specialising in digital assets, that delivers a broad range
of financial services across investment management, trading and
securities to a wide array of clients that includes corporations,
financial institutions and individuals. Focusing on crypto since
2013, the firm is headquartered in Jersey, with offices in France,
Sweden, Switzerland, the UK and the US. CoinShares is regulated in
Jersey by the Jersey Financial Services Commission, in France by
the Autorité des marchés financiers, in the US by the Financial
Industry Regulatory Authority. CoinShares is publicly listed on the
Nasdaq Stockholm under the ticker CS and the OTCQX under the ticker
CNSRF.
For more information on CoinShares, please
visit: https://coinshares.comCompany | +44 (0)1534 513
100 | enquiries@coinshares.comInvestor Relations | +44 (0)1534
513 100 | enquiries@coinshares.com
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