Business
Court Sanction of Scheme of Arrangement
Phoenix Digital Assets PLC has confirmed that the Scheme Record Time will be 6:00 p.m. on 26 January 2026, with the Effective Date anticipated for 27 January 2026, marking the delivery of the Court Order to the Registrar of Companies for its re-domiciliation to Gibraltar. Dealings in Old Phoenix Shares on the AQSE Growth Market will be suspended from 7:00 a.m. on 27 January 2026, with the cancellation of admission to trading effective from 7:00 a.m. on 28 January 2026, and the admission of New Phoenix Shares commencing at 8:00 a.m. on the same day. The company holds cryptocurrencies, acknowledging their high risk and volatility, and investors should be aware of potential losses and the unregulated nature of the market. Disclaimer*
About this update from Phoenix Digital Assets (gibraltar) Plc
[{"type":"text","content":"\n\nNot for release, publication or distribution, in whole or in part, DIRECTLY OR INDIRECTLY, in, into or from any jurisdiction (including the united states) where to do so would constitute a violation of the relevant laws or regulations of such jurisdiction.\nFOR IMMEDIATE RELEASE\n \n26 January 2026\nPhoenix Digital Assets PLC\n \n(\"Phoenix\" or \"the Company\")\nCOURT SANCTION OF SCHEME OF ARRANGEMENT\n \nOn 4 December 2025, the Company announced its intention to re-domicile the Company from the United Kingdom to Gibraltar. As the United Kingdom does not have a process for re-domiciling a company, a new, Gibraltar registered public limited company will be inserted as a new holding company of the Company by way of a scheme of arrangement (\"Scheme\"), such that the Company becomes a wholly owned subsidiary of the new Gibraltar registered company.\n The circular in relation to the Scheme, including notices convening the Court Meeting and the General Meeting, was published on 15 December 2025 (the \"Scheme Circular\"). Unless otherwise defined, terms used in this announcement shall have the meanings given to them in the Scheme Circular\n\nAs detailed in the announcement made on 19 January 2026, the Court sanctioned the Scheme pursuant to which the Proposal is being implemented. However, a decision was taken to delay delivery of the Court Order to the Registrar of Companies (and therefore delay the proposed Effective Date under the previously announced timetable) once these due diligence checks have been completed.\n\nThese due diligence checks have now been completed, and the Company can confirm the next steps below.\nNext steps\nThe Company confirms that the Scheme Record Time will be 6:00 p.m., 26 January 2026.\nIt is anticipated that the Effective Date will be 27 January 2026, which is when a copy of the Court Order is expected to be delivered to the Registrar of Companies.\nA request has been made for the suspension of dealings in Old Phoenix Shares on the Access Segment of the AQSE Growth Market with effect from 7:00 a.m. on 27 January 2026. The last day of dealings in, and for the registration of transfers of, Old Phoenix Shares will therefore be 26 January 2026.\n It is expected that, subject to the Scheme becoming Effective on 27 January 2026:\n· the cancellation of admission...