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.
11 April 2024
Supernova Digital Assets
PLC
("Supernova" or "the
Company")
Quarterly Trading
Update
Supernova Digital Assets (AQSE: SOL), a company
specialising in the Solana ecosystem, is pleased to provide the
following quarterly trading update regarding its unaudited net
asset value.
The Company had the following unaudited major
assets as at 3 April 2024:
1) 27,116 Solana
tokens
2) 30,000,000 ordinary shares
in Phoenix Digital Assets plc
3) 76,332,000 ordinary shares
in Streaks AI plc
4) Cash at hand
As at 3 April 2024, the unaudited net asset
value of the above was £5.86m which equated to 0.36p per
share.
Proposed
return of value to shareholders
As previously announced, the Company intends to
return value to shareholders by way of a share tender offer under
which the shareholders would have the opportunity to sell shares on
a pro-rated basis. A purchase of shares by tender offer would be
subject to both shareholder approval and the consent of the Court
to a reduction of capital required to create distributable
reserves.
Michael
Edwards, Executive Chairman of Supernova Digital Assets,
commented: "Our focus has always been on
maximising shareholders return and it has become clear that a
commitment to returning capital in the best strategy for all
shareholders. We are delighted by our timing and the subsequent
positioning of our crypto treasury which is now a majority invested
in liquid crypto assets like Phoenix Digital Assets (PNIX) and SOL.
We remain in service to maximising shareholder return and will keep
the market regularly updated moving forward towards the PNIX tender
offer."
The Directors
of Supernova Digital Assets PLC take responsibility for this
announcement.
For further information please
contact:
|
Supernova
Digital Assets
|
|
|
Michael
Edwards
Executive Chairman
|
+44 7858 888
007
|
|
First
Sentinel
|
|
|
Corporate Adviser
Brian
Stockbridge
|
+44 7858 888
007
|
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.