Business
Resumption of Trading
Stack BTC Plc has completed a significant recapitalisation, including a return of capital to former shareholders totalling approximately £3.5 million, effective from 20 January 2026, with trading in its shares resuming today under new SEDOL and ISIN. The company has also admitted new ordinary shares following a £200,000 fundraising, of which £100,000 was contributed to the capital return and £100,000 retained for working capital, resulting in 20 million ordinary shares outstanding. Kwasi Kwarteng has been appointed Executive Chairman and Paul Withers Non-Executive Director, with the company adopting a new strategy focused on being a dedicated Bitcoin-focused listed investment vehicle. A concert party, including Kwasi Kwarteng and Paul Withers, now holds 72.00% of the issued share capital, with waivers obtained under the Takeover Code to prevent mandatory offers upon warrant exercise. Disclaimer*
About this update from Stack Btc Plc
[{"type":"text","content":"\n\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n Stack BTC Plc\n \n \n \n \n (\"the Company\")\n \n \n \n \n \n \n \n \n \n Return of Capital Approved, Resumption of Trading, Admission of New Ordinary Shares and Board Changes\n \n \n \n \n \n \n \n \n Stack BTC Plc (STAK), the UK-based investment company focused on providing regulated and transparent exposure to Bitcoin through direct investment and disciplined treasury management, announces that, following the Court hearing held on 20 January 2026 at which the Company's Reduction of Capital was confirmed, the Company's new SEDOL (BSMKZ42) and ISIN (GB00BSMKZ421) will become effective, and trading in the Company's shares will today resume on the AQSE Growth Market.\n \n \n \n \n \n The Company further announces\n \n the completion of its recapitalisation, the Admission of New Ordinary Shares, the implementation of the Return of Capital to former shareholders and changes to the Board, as set out in more detail below.\n \n \n \n \n \n Unless the context requires otherwise, words and expressions defined in the circular dated 21 November 2025 (\"\n \n Circular\n \n \"), have the same meanings when used in this \n announcement\n .\n \n \n \n \n \n \n \n \n Background and Information on the Company\n \n \n \n \n \n \n The Company previously announced on 6 November 2025 that it had been exploring plans to return capital to shareholders. Following a strategic review, the Board concluded that it would be in the best interests of shareholders to realise the value of the Company's crypto-asset holdings, return available cash to shareholders and recapitalise the Company with a revised strategy focused on becoming a listed investment vehicle with a primary focus on Bitcoin.\n \n \n \n \n \n Following the strategic review, the Company completed the realisation of its crypto-asset holdings. After the payment of creditors and accrued fees and expenses, this process generated approximately £3.4 million in cash, which forms the majority of the Return of Capital to former shareholders.\n \n \n \n \n \n In parallel, the Board reached agreement with certain Investors to invest in the Company and support its recapitalisation and revised strategy, enabling the Company to continue as a listed vehicle with a primary focus on Bitcoin.\n \n \n \n \...