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.
25 July 2025
Supernova Digital Assets PLC
("Supernova" or the "Company")
Related Party Transaction
Supernova Digital Assets PLC (AQSE: SOL) announces that it has today sold its entire holding of 30,000,000 shares in Phoenix Digital Assets PLC ("Phoenix") to Phoenix via an on-market transaction. Those shares were purchased by Phoenix as part of its share buyback programme ("Transaction").
As Mike Edwards and Nick Lyth are directors of both Supernova and Phoenix, the above transaction is deemed to be a related party transaction under the Aquis Rules. Having exercised reasonable care, skill and diligence, the non-executive director, Mark Rutledge (excluding Michael Edwards and Nick Lyth), considers the Transaction to be fair and reasonable as far as the shareholders of the issuer are concerned.
The Directors of Supernova accept responsibility for this announcement.
For further information please contact:
Supernova Digital Assets |
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Mike Edwards Executive Chairman |
Via First Sentinel
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First Sentinel |
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Corporate Adviser Brian Stockbridge |
+44 7858 888 007
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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.