CoinShares International Limited, a European investment company specialising in digital assets, today announced a special dividend distribution to its shareholders.
Earlier this year, the company introduced a quarterly dividend policy, reflecting its strategic focus on balancing growth and achieving profitability with rewarding its shareholders and promoting the company as a dividend paying stock. In light of the recent retrieval of its FTX claim with a recovery of 116%, the Board of Directors has now decided to distribute a special dividend.
Jean-Marie Mognetti, CEO of CoinShares, stated:
“This distribution is our way of expressing gratitude to our long-standing shareholders who have supported us through the highs and lows. This also includes our employee shareholders who have demonstrated their belief in the company by exercising their stock options. Given the current positive interest rate environment and our stock price remaining below pre-FTX levels, we believe it is essential to acknowledge the unwavering trust our investors have placed in us and reward their loyalty.”
The amount received following the sale of the claim stands at $36,410,210, of which £24,276,951.30 is to be distributed with the forthcoming regular dividend payment scheduled for 3 October 2024, representing a dividend per share of GBP0.36.
In November 2022, FTX Trading Ltd. (d.b.a. FTX.com), announced that it, West Realm Shires Services Inc. (d.b.a. FTX US), Alameda Research Ltd. and approximately 130 additional affiliated companies, commenced voluntary proceedings under Chapter 11 of the United States Bankruptcy Code in the District of Delaware.
