Coinsilium Group #COIN $CINGF – Grant of Options July 23, 2021 – Posted in: Blog, Coinsilium (COIN) – Tags: cingf, coin, coinsilium, Coinsilium Group

London, UK, 23 July 2021 – Coinsilium Group Limited (AQSE:COIN) (OTCQB:CINGF) the Blockchain and Open Finance venture builder, announces the grant of 5,700,000 options (the “Options”) to directors of the Company (“Directors”), key staff and consultants to the Company. Each Option entitles the holder upon exercise to one ordinary share of nil par value in the capital of the Company.

The Options were granted on the 20 July 2021 over a total of 5,700,000 ordinary shares of nil par value, representing 3.35% of the issued share capital of the Company excluding treasury shares.

The Options granted to Directors have been allocated as follows:

	Tranche 1	Tranche 2	Total
Eddy Travia	750,000	750,000	1,500,000
Malcolm Palle	1,000,000	1,000,000	2,000,000
Craig Brown	350,000	350,000	700,000
Federica Velardo	350,000	350,000	700,000

All Options have a vesting period of five years from the date of grant and the Tranche 1 Options are exercisable immediately at price of 9 pence per share and the Tranche 2 Options are exercisable after six months at a price of 13.5 pence per share.

The Options have been granted in recognition of the contribution to the growth of the Company. The Board considers the award of the Options to be in line with the Company’s policy of providing incentives to directors, senior management and to key personnel in order to fully align their interests with that of shareholders, facilitate retention and enhance performance.

On 19 December 2017, the Company announced the grant of 18,000,000 options in total to Directors, key staff and consultants of the Company. Shareholders are informed that 7,500,000 of those options have lapsed and the total number of options currently in circulation, following the grant of 5,700,000 Options, is 16,500,000. The ordinary shares of nil par value in the capital of the Company, subject to the 16,500,000 options represent, in aggregate 9.69% of the existing issued share capital of the Company excluding treasury shares.

 

Following the grant of Options to Directors, the resultant total Directors’ interests in the Company are as follows:

Directors	Ordinary Shares	% Issued Share Capital*	2017 Options	New Options	Total Options
Malcolm Palle	8,134,234	4.78	3,000,000	2,000,000	5,000,000
Eddy Travia	7,506,702	4.41	4,500,000	1,500,000	6,000,000
Craig Brown	22,222	0.013	1,500,000	700,000	2,200,000
Federica Velardo	Nil	Nil	Nil	700,000	700,000

*excluding treasury shares

The Directors of Coinsilium Group Limited take responsibility for this announcement.

Coinsilium Group Limited Malcolm Palle, Executive Chairman Eddy Travia, Chief Executive	+44 (0) 7785 381 089 www.coinsilium.com
Peterhouse Capital Limited Guy Miller / Mark Anwyl (AQSE Growth Market Corporate Adviser)	+44 (0) 207 469 0930
SI Capital Limited Nick Emerson (Broker)	+44 (0) 1483 413 500
Buchanan Communications Chris Lane / Toto Berger (Media and Investor Relations)	+44 (0) 20 7466 5000 E: coinsilium@buchanan.uk.com

 Notes to Editor

 About Coinsilium

Coinsilium is a focused Blockchain and Open Finance venture operator. As the first ever IPO of a blockchain company in 2015, Coinsilium has harnessed its experience and wide-ranging network to invest in leading blockchain projects such as RSK/IOV Labs, Indorse and Blox.

In July 2020, Coinsilium executed an agreement with top blockchain protocol company IOV Labs, to establish a 50/50 Joint Venture Company in Singapore to promote and commercialise RSK’s products, services and technologies in global markets and to promote the adoption in the region of the RIF token which powers the ecosystem of solutions developed by RSK, their partners and developers around the world.

Coinsilium shares are traded on the London-based AQSE Growth Market, the primary market for unlisted securities operated by Aquis Stock Exchange, a Recognised Investment Exchange under the Financial Services and Markets Act 2000 under the ticker symbol “COIN”, and on OTCQB Venture Market (“OTCQB”) in the United States under the ticker symbol “CINGF”.