Business
Proposed Re-dom and Publication of Scheme Circular
Phoenix Digital Assets PLC is proposing a re-domiciliation to Gibraltar by introducing a new parent company, Phoenix Digital Assets (Gibraltar) PLC, through a scheme of arrangement. This move aims to address regulatory uncertainties and operational challenges faced in the UK, leveraging Gibraltar's bespoke regulations for distributed ledger technologies and its supportive environment for digital asset businesses. Shareholders will receive one new share for each old share held, with dealings in old shares expected to cease on January 20, 2026, and new shares commencing trading on January 22, 2026, on the AQSE Growth Market's Access Segment. Disclaimer*
About this update from Phoenix Digital Assets (gibraltar) Plc
[{"type":"text","content":"\n\nThis 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.\n \n16 December 2025\nPhoenix Digital Assets PLC\n \n(\"Phoenix\" or \"the Company\")\n \nProposed Re-domiciliation and Publication of Scheme Circular\n \nPhoenix Digital Assets PLC (AQSE: PNIX) announces that, further to the announcement made on 4 December 2025, it has published a circular (the \"Scheme Circular\") setting out details of the proposed introduction of a new parent company, Phoenix Digital Assets (Gibraltar) PLC (\"New Phoenix\"), by way of a scheme of arrangement under Part 26 of the Companies Act 2006 (the \"Scheme\").\n \nThe Scheme Circular has been sent to shareholders and will shortly be available on the Company's website www.getphoenix.co.uk/investors.\n \nThis announcement should be read in conjunction with the full text of the Scheme Circular. Capitalised terms used in this announcement shall, unless otherwise defined, have the same meanings as set out in the Scheme Circular.\n \nBackground & Rationale for the Scheme\n \nAs noted in the Company's previous announcement on 4 December 2025, the Company is primarily focused on the management of a crypto token portfolio. Since incorporation, the Company has faced an uncertain regulatory environment in the United Kingdom and has faced significant operational challenges, including but not limited to access to banking facilities, the experience and expertise of professional advisers in the digital asset sector and general regulatory oversight.\n \nIn the opinion of the Directors the key reasons for redomiciling to Gibraltar are as follows:\n \n· Regulatory Environment: Gibraltar has adopted bespoke regulations governing distributed ledger technologies (DLT) which have, together with a supportive regulatory environment, attracted businesses in the Web 3 and digital assets sector in Gibraltar. Together with an established funds regime, the Directors consider that Gibraltar provides an attractive regulatory environment for the future developme...