Coinsilium Group Limited Investee Company Update

 
TIDMCOIN 
 
16 January 2017 
 
                           COINSILIUM GROUP LIMITED 
                        ("Coinsilium" or the "Company") 
 
                            Investee Company Update 
                                  SatoshiPay 
 
Coinsilium Group Limited (NEX:COIN), the blockchain technology investment and 
development company, is pleased to announce that SatoshiPay Ltd ('SatoshiPay'), 
a Nano-Payments company in which Coinsilium has a 14.5% equity interest, has 
entered into a conditional agreement with investing company Blue Star Capital 
plc (AIM: BLU) which has conditionally subscribed for 1,886 ordinary shares in 
SatoshiPay for EUR0.64 million. 
 
Details of the announcement from Blue Star Capital can be seen here: http:// 
www.londonstockexchange.com/exchange/news/market-news/market-news-detail/BLU/ 
13095677.html 
 
If completed, this subscription would value SatoshiPay shares at EUR340 per 
share. 
 
In January 2016, Coinsilium completed an investment of EUR200,000 and holds 2,133 
ordinary shares in SatoshiPay via Seedcoin Limited, Coinsilium's wholly owned 
subsidiary.  Should the Blue Star subscription complete, at EUR340 per share the 
implied value of Coinsilium's shareholding in SatoshiPay would be EUR725,220, 
representing an increase in value of 362.61% since Coinsilium's investment less 
than a year ago. 
 
Coinsilium CEO Eddy Travia commented: "We are delighted to see the interest 
SatoshiPay is generating amongst early stage technology investors and whilst 
this subscription comes at a substantially higher valuation than that of 
Coinsilium's original investment, we also recognise the significant progress 
SatoshiPay has made over the last year to justify such a substantial uplift in 
its valuation. This subscription underscores our early vision that SatoshiPay's 
blockchain-based platform can transform online content monetisation and further 
proves our well-founded confidence in SatoshiPay's CEO Meinhard Benn and his 
excellent team as leaders in this space." 
 
About SatoshiPay Ltd 
 
SatoshiPay is developing a two-way payment platform, which enables online 
content providers to monetise their digital content through the acceptance of 
nanopayments. SatoshiPay is headquartered in London with development led 
through its office in Berlin. Angel funding for SatoshiPay Ltd was supplied by 
Axel Springer Plug & Play and Henning Peters, seed funding was raised through 
publicly listed companies Coinsilium Group Limited (NEX:COIN) and FastForward 
Innovations (LON:FFWD). Development of SatoshiPay's nanopayment product started 
in April 2015 and its beta version was released in February 2016. 
 
Find updated information at the company's website https://satoshipay.io, its 
blog https://medium.com/@SatoshiPay  and Twitter https://twitter.com/SatoshiPay 
 
The Directors of Coinsilium Group Limited take responsibility for this 
announcement. 
 
For further information, please contact: 
 
Eddy Travia                 Coinsilium Group Limited [phone] 
 
Guy Miller / Mark Anwyl     Peterhouse Corporate     [phone] 
                            Finance Limited (NEX 
                            Exchange Corporate 
                            Adviser) 
 
Nick Emerson / Andy Thacker SI Capital Limited       [phone] 
                            (Broker) 
 
Notes to Editor 
 
Coinsilium is a London-based blockchain technology focused investment and 
development company, supporting early-stage blockchain companies through 
investment, acceleration, development and education. 
 
Coinsilium shares are traded on NEX Exchange, a Recognised Investment Exchange 
under the Financial Services and Markets Act 2000. Coinsilium has a portfolio 
of interests in blockchain companies and offers a suite of services including 
accredited training & education, investment solutions, in-house development and 
other professional services to blockchain/fintech companies and major 
corporations eager to learn how blockchain technology can transform their 
business processes. 
 
For further information please visit http://www.coinsilium.com/ 
 
The information contained within this announcement is deemed by the Company to 
constitute inside information as stipulated under the Market Abuse Regulations 
(EU) No. 596/2014.  Upon the publication of this announcement, this inside 
information is now considered to be in the public domain. 
 
 
 
END 
 

(END) Dow Jones Newswires

January 16, 2017 04:10 ET (09:10 GMT)