20 August 2025
Phoenix Digital Assets PLC
("Phoenix" or the "Company")
Grant of Options, PDMR Dealings
And Related Party Transaction
Phoenix Digital Assets PLC (AQSE: PNIX) announces that it has granted a total of 35,000,000 Options to five Directors (or through companies owned by them) of the Company to subscribe for new ordinary shares of £0.001 each ("Options") as outlined below.
The Options have an exercise price of £0.0575 per ordinary share, being the closing mid-market price on the date of grant, 19 August 2025. One-third of the Options will vest immediately, with the remaining two-thirds vesting in equal monthly instalments of 1/24th over a two-year period. The Options will be exercisable for a term of five years.
| Director |
Number of Options being issued |
Total number of Options held including this issue |
| Toro Conuslting Ltd (a company controlled by Jonathan Bixby) |
15,000,000 |
23,333,333 |
| Marallo Holdings Inc (a company controlled by Mike Edwards) |
7,500,000 |
11,916,667 |
| Nick Lyth |
7,500,000 |
20,500,000 |
| Tim Le Druillenec |
2,500,000 |
7,500,000 |
| Jonathan Hives |
2,500,000 |
4,500,000 |
Following the issue of the above - mentioned Options , the Company will have a total of 77,125,000 Options in issue.
Related Party Transaction
Under AQSE Rule 4.6 , the grant of Options is deemed to be a related party transaction. As all Directors are recipients of the Options, First Sentinel Corporate Finance Limited , the Company's AQSE Corporate Adviser, has reviewed the terms of the grant of Options and confirms that the Board, in exercising reasonable care, skill, diligence and has concluded that the terms of the Option are fair and reasonable insofar as the Company's shareholders are concerned.
The Directors of Phoenix accept responsibility for this announcement.
For further information please contact:
| Phoenix Digital Assets PLC |
|
| Jonathan Bixby Executive Chairman |
Via First Sentinel
|
| First Sentinel Corporate Finance Limited |
|
| Corporate Adviser Brian Stockbridge
|
+44 7858 888 007 |
About Phoenix
Phoenix Digital Assets PLC invests in a diversified portfolio of cryptocurrency, and/or in companies or funds which have exposure to NFT or blockchain technology. The Company's leadership team have an extensive track record in the cryptocurrency sector and previously founded Argo Blockchain PLC, a global crypto miner. Phoenix is headquartered in London, UK, and its shares are listed on the Aquis Stock Exchange Growth Market under the ticker symbol PNIX. https://www.getphoenix.co.uk
| 1. |
Details of the person discharging managerial responsibilities / person closely associated |
|||||
| a) |
Name |
Toro Conuslting Ltd |
||||
| 2. |
Reason for the Notification |
|||||
| a) |
Position/status |
PCA of Jonathan Bixby, Executive Chairman of Phoenix Digital Assets PLC |
||||
| b) |
Initial notification / Amendment |
Initial notification |
||||
| 3. |
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor |
|||||
| a) |
Name |
Phoenix Digital Assets PLC
|
||||
| b) |
LEI |
984500E15WF052FFEB19 |
||||
| 4. |
Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted |
|||||
| a) |
Description of the Financial instrument, type of instrument |
Options over Ordinary shares of £0.001 each |
||||
| |
Identification Code |
GB00BMW34204 |
||||
| b) |
Nature of the transaction |
Issue of Options at GBP 0.0575 exercise price issued at Nil consideration |
||||
| c) |
Price(s) and volume(s) |
|
||||
| d) |
Aggregated information: · Aggregated volume · Price |
Single transaction |
||||
| e) |
Date of the transaction |
19 August 2025 |
||||
| f) |
Place of the Transaction |
Outside of a trading venue |
||||
| 1. |
Details of the person discharging managerial responsibilities / person closely associated |
|||||
| a) |
Name |
Marallo Holdings Inc |
||||
| 2. |
Reason for the Notification |
|||||
| a) |
Position/status |
PCA of Mike Edwards, Director of Phoenix Digital Assets PLC |
||||
| b) |
Initial notification / Amendment |
Initial notification |
||||
| 3. |
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor |
|||||
| a) |
Name |
Phoenix Digital Assets PLC
|
||||
| b) |
LEI |
984500E15WF052FFEB19 |
||||
| 4. |
Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted |
|||||
| a) |
Description of the Financial instrument, type of instrument |
Options over Ordinary shares of £0.001 each |
||||
| |
Identification Code |
GB00BMW34204 |
||||
| b) |
Nature of the transaction |
Issue of Options at GBP 0.0575 exercise price issued at Nil consideration |
||||
| c) |
Price(s) and volume(s) |
|
||||
| d) |
Aggregated information: · Aggregated volume · Price |
Single transaction |
||||
| e) |
Date of the transaction |
19 August 2025 |
||||
| f) |
Place of the Transaction |
Outside of a trading venue |
||||
| 1. |
Details of the person discharging managerial responsibilities / person closely associated |
|||||
| a) |
Name |
Nicholas Lyth |
||||
| 2. |
Reason for the Notification |
|||||
| a) |
Position/status |
Director of Phoenix Digital Assets PLC |
||||
| b) |
Initial notification / Amendment |
Initial notification |
||||
| 3. |
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor |
|||||
| a) |
Name |
Phoenix Digital Assets PLC
|
||||
| b) |
LEI |
984500E15WF052FFEB19 |
||||
| 4. |
Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted |
|||||
| a) |
Description of the Financial instrument, type of instrument |
Options over Ordinary shares of £0.001 each |
||||
| |
Identification Code |
GB00BMW34204 |
||||
| b) |
Nature of the transaction |
Issue of Options at GBP 0.0575 exercise price issued at Nil consideration |
||||
| c) |
Price(s) and volume(s) |
|
||||
| d) |
Aggregated information: · Aggregated volume · Price |
Single transaction |
||||
| e) |
Date of the transaction |
19 August 2025 |
||||
| f) |
Place of the Transaction |
Outside of a trading venue |
||||
| 1. |
Details of the person discharging managerial responsibilities / person closely associated |
|||||
| a) |
Name |
Jonathan Hives |
||||
| 2. |
Reason for the Notification |
|||||
| a) |
Position/status |
Director of Phoenix Digital Assets PLC |
||||
| b) |
Initial notification / Amendment |
Initial notification |
||||
| 3. |
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor |
|||||
| a) |
Name |
Phoenix Digital Assets PLC
|
||||
| b) |
LEI |
984500E15WF052FFEB19 |
||||
| 4. |
Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted |
|||||
| a) |
Description of the Financial instrument, type of instrument |
Options over Ordinary shares of £0.001 each |
||||
| |
Identification Code |
GB00BMW34204 |
||||
| b) |
Nature of the transaction |
Issue of Options at GBP 0.0575 exercise price issued at Nil consideration |
||||
| c) |
Price(s) and volume(s) |
|
||||
| d) |
Aggregated information: · Aggregated volume · Price |
Single transaction |
||||
| e) |
Date of the transaction |
19 August 2025 |
||||
| f) |
Place of the Transaction |
Outside of a trading venue |
||||
| 1. |
Details of the person discharging managerial responsibilities / person closely associated |
|||||
| a) |
Name |
Tim Le Druillenec |
||||
| 2. |
Reason for the Notification |
|||||
| a) |
Position/status |
Director of Phoenix Digital Assets PLC |
||||
| b) |
Initial notification / Amendment |
Initial notification |
||||
| 3. |
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor |
|||||
| a) |
Name |
Phoenix Digital Assets PLC
|
||||
| b) |
LEI |
984500E15WF052FFEB19 |
||||
| 4. |
Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted |
|||||
| a) |
Description of the Financial instrument, type of instrument |
Options over Ordinary shares of £0.001 each |
||||
| |
Identification Code |
GB00BMW34204 |
||||
| b) |
Nature of the transaction |
Issue of Options at GBP 0.0575 exercise price issued at Nil consideration |
||||
| c) |
Price(s) and volume(s) |
|
||||
| d) |
Aggregated information: · Aggregated volume · Price |
Single transaction |
||||
| e) |
Date of the transaction |
19 August 2025 |
||||
| f) |
Place of the Transaction |
Outside of a trading venue |
||||
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