Business
Grant of Options and PDMR Dealings
Phoenix Digital Assets PLC (AQSE: PNIX) granted 35,000,000 options to five directors (or companies they control) to subscribe for new ordinary shares at £0.0575 per share. One-third of the options vest immediately, with the remaining two-thirds vesting over two years. The options have a five-year term. The breakdown of options granted is as follows: Toro Consulting Ltd (Jonathan Bixby): 15,000,000 options; Marallo Holdings Inc (Mike Edwards): 7,500,000 options; Nick Lyth: 7,500,000 options; Tim Le Druillenec: 2,500,000 options; Jonathan Hives: 2,500,000 options. Post-grant, 77,125,000 options are in issue. The grant is considered a related party transaction under AQSE Rule 4.6, with First Sentinel Corporate Finance Limited confirming the terms are fair and reasonable for shareholders. Disclaimer*
About this update from Phoenix Digital Assets (gibraltar) Plc
[{"type":"text","content":"\n\n20 August 2025\n \n \nPhoenix Digital Assets PLC\n \n(\"Phoenix\" or the \"Company\")\n \nGrant of Options, PDMR Dealings\nAnd Related Party Transaction\n \nPhoenix Digital Assets PLC (AQSE: PNIX) announces that it has granted a total of 35,000,000 Options to five Directors (or through companies owned by them) of the Company to subscribe for new ordinary shares of £0.001 each (\"Options\") as outlined below.\nThe Options have an exercise price of £0.0575 per ordinary share, being the closing mid-market price on the date of grant, 19 August 2025. One-third of the Options will vest immediately, with the remaining two-thirds vesting in equal monthly instalments of 1/24th over a two-year period. The Options will be exercisable for a term of five years.\n\n\n\n\nDirector\n\n\nNumber of Options being issued\n\n\nTotal number of Options held including this issue\n\n\n\n\nToro Conuslting Ltd\n(a company controlled by Jonathan Bixby)\n\n\n15,000,000\n\n\n 23,333,333\n\n\n\n\nMarallo Holdings Inc\n(a company controlled by Mike Edwards)\n\n\n7,500,000\n\n\n 11,916,667\n\n\n\n\nNick Lyth\n\n\n7,500,000\n\n\n 20,500,000\n\n\n\n\nTim Le Druillenec\n\n\n2,500,000\n\n\n 7,500,000\n\n\n\n\nJonathan Hives\n\n\n2,500,000\n\n\n 4,500,000\n\n\n\n\n \nFollowing the issue of the above-mentioned Options, the Company will have a total of 77,125,000 Options in issue. \nRelated Party Transaction\n \nUnder AQSE Rule 4.6, the grant of Options is deemed to be a related party transaction. As all Directors are recipients of the Options, First Sentinel Corporate Finance Limited, the Company's AQSE Corporate Adviser, has reviewed the terms of the grant of Options and confirms that the Board, in exercising reasonable care, skill, diligence and has concluded that the terms of the Option are fair and reasonable insofar as the Company's shareholders are concerned.\nThe Directors of Phoenix accept responsibility for this announcement. \nFor further information please contact:\n \n\n\n\n\nPhoenix Digital Assets PLC\n\n\n\n\n\n\n\nJonathan Bixby\nExecutive Chairman\n\n\nVia First Sentinel\n \n \n\n\n\n\nFirst Sentinel Corporate Finance Limited\n\n\n\n\n\n\n\nCorporate Adviser\nBrian Stockbridge\n \n\n\n+44 7...