CoinShares International Limited, a European investment company specializing in digital assets, today announced a special dividend distribution to its shareholders.
Earlier this year, the company introduced a quarterly dividend policy, reflecting its strategic focus on balancing growth and achieving profitability with rewarding its shareholders and promoting the company as a dividend-paying stock. In view of the recent recovery of the FTX claim with a recovery of 116%, the Board has now decided to distribute a special dividend.
Jean-Marie Mognetti, CEO of CoinShares, said:
“This distribution is our way of expressing our gratitude to our long-time shareholders who have supported us through the highs and lows. This also includes our employee shareholders who have demonstrated their loyalty to the company by exercising their stock options. Given the current positive interest rate environment and our share price remaining below pre-FTX levels, we believe it is necessary to recognize the unwavering trust our investors have placed in us and reward their loyalty.”
The amount received after the sale of the claim amounts to $36,410,210, of which £24,276,951.30 is to be distributed with the forthcoming regular dividend payment scheduled for 3 October 2024, representing a dividend per share of 0.36 GBP.
In November 2022, FTX Trading Ltd. (dba FTX.com), announced that West Realm Shires Services Inc. (dba FTX US), Alameda Research Ltd. and approximately 130 additional affiliated companies, filed for voluntary Chapter 11 bankruptcy proceedings in the District of Delaware.