CoinShares International Limited, a global investment company specialising in digital assets, today announced the departure of Frank Spiteri, Head of Asset Management, and member of the executive committee, from the Group.
As part of Mr. Spiteri’s departure arrangements, the company confirms the following:
- Termination of Options: the Company will repurchase 1,019,995 vested stock options previously issued to Mr. Spiteri under the Company’s employee incentive program and such stock options will be cancelled following completion of the transaction outside the market.
- Share Repurchase: The Company has entered into an agreement to buy back 435,500 ordinary shares from Mr. Spiteri and his related parties. This repurchase will be executed as a block transaction.
- Both transactions were concluded at an average consideration per share of 66.42 SEK.
Frank Spiteri has over 10 years of experience as an ETP specialist. He joined CoinShares after previously working as the former Head of Distribution and Capital Markets at WisdomTree. Prior to specializing in ETPs, he spent 11 years working as a trader with KBC Financial Products.
