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COIN Coinsilium Group Limited

2.32
-0.28 (-10.77%)
11:33:12 - Realtime Data
Share Name Share Symbol Market Type Share ISIN Share Description
Coinsilium Group Limited AQSE:COIN Aquis Stock Exchange Ordinary Share VGG225641015
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -0.28 -10.77% 2.32 2.30 2.70 2.685 2.32 2.60 38,279 11:33:12
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Coinsilium Group Limited: StartupToken receives inward investment from one of the world's major investment funds in blockchain (759101)

18/12/2018 7:01am

UK Regulatory


Dow Jones received a payment from EQS/DGAP to publish this press release.

 
 
 Coinsilium Group Limited (COIN) 
Coinsilium Group Limited: StartupToken receives inward investment from one 
of the world's major investment funds in blockchain 
 
18-Dec-2018 / 07:00 GMT/BST 
Dissemination of a Regulatory Announcement that contains inside information 
according to REGULATION (EU) No 596/2014 (MAR), transmitted by EQS Group. 
The issuer is solely responsible for the content of this announcement. 
 
18 December 2018 
 
                          COINSILIUM GROUP LIMITED 
 
                      ("Coinsilium" or the "Company") 
 
                              Portfolio Update 
 
                  StartupToken receives inward investment 
 
        from one of the world's major investment funds in blockchain 
 
Coinsilium Group Limited (NEX:COIN), the blockchain venture builder, advisor 
and investor that finances and manages the development of early-stage 
blockchain technology companies, is pleased to announce an important 
development for its investee company StartupToken Ltd ("StartupToken") in 
which Coinsilium announced in November 2017 that it had acquired a 30% 
holding. 
 
Highlights: 
 
· In November 2017 Coinsilium announced it had acquired a 30% holding in 
StartupToken Ltd at a valuation of circa GBP1.2 million; 
 
· StartupToken is a Gibraltar-registered hyper accelerator helping 
entrepreneurs in the blockchain space to grow their projects into 
successful startups; 
 
· Blockwater Capital, a leading South-Korea digital asset investment fund, 
and one of the world's major investment funds in blockchain, has now 
acquired 7.4% of StartupToken for total consideration of GBP193,548.39, 
valuing StartupToken at GBP2.6 million; 
 
· Coinsilium welcomes this investment in StartupToken from Blockwater, who 
share a complementary investment approach to Coinsilium as illustrated by 
previous co-investments in RSK Labs (now RIF Labs) and Bundle Network; 
 
· The implied valuation of StartupToken on the Blockwater investment, at 
GBP2.6 million, represents a 116% increase on Coinsilium's own investment in 
November 2017; 
 
· As a result, Coinsilium's seed capital investment in November 2017 of 
GBP360,905, is now worth GBP722,222, an increase of 100% compared to the 
original investment; 
 
The uplift in valuation since the announcement of Coinsilium purchasing 
shares in StartupToken, illustrates the strong progress made by StartupToken 
in the preceding 12 months and demonstrates that the business is well 
positioned to take advantage of the growing blockchain and crypto 
communities across a key blockchain territory of Asia. Following this latest 
round of investment, Coinsilium's equity shareholding in StartupToken will 
stand at 27.8%. 
 
Commenting, Yacine Terai, CEO of StartupToken, said: "We are delighted to 
receive the support from one of the world's major investment funds in 
blockchain, reaffirming our progress to date. 
 
StartupToken's East Asia roadshows for its clients have been a particularly 
impressive source of growth, and one that has enabled us to gain a foothold 
in a crucial region which holds significant promise for the future of 
blockchain technology development. 
 
We are also naturally grateful for Coinsilium's early investment and the 
confidence they have shown in StartupToken." 
 
Adding, Eddy Travia, Chief Executive of Coinsilium, commented: "We have 
already stated that we have been greatly impressed by the speed at which 
StartupToken has been able to gain a strong presence in the industry and 
today's investment by one of the world's major investment funds in 
blockchain is a good way to finish off a highly active 2018. 
 
We believe Blockwater, with its impressive portfolio of blockchain 
investments, is a great addition to StartupToken's equity holders. 
 
Blockchain technology is set to enter a new era in 2019, with many industry 
experts expecting the technology to be more widely adopted by mainstream 
companies, charities and financial organizations. There are promising 
technological advances in other sectors that will allow blockchain to play a 
more prominent role in everyday life." 
 
The Directors of Coinsilium Group Limited take responsibility for this 
announcement. 
 
For further information, please contact: 
 
Malcolm Palle, Executive Chairman +44 (0) 7785 381089 
Coinsilium Group Limited 
 
Eddy Travia, Chief Executive Officer +44 (0) 20 3889 4312 
Coinsilium Group Limited 
 
www.coinsilium.com [1] 
 
Guy Miller / Mark Anwyl +44 (0) 207 469 0930 
Peterhouse Capital Limited 
(NEX Exchange Corporate Adviser) 
 
Nick Emerson +44 (0) 1483 413 500 
SI Capital Limited 
(Broker) 
 
Notes to Editors: 
 
About Coinsilium 
 
Coinsilium is a blockchain venture builder, advisor and investor that 
finances and manages the development of early-stage blockchain technology 
companies. It does this through its consortium of top-tier investors, 
industry thought leaders and executive managers. Coinsilium's focus is on 
driving innovation in fintech and blockchain technologies, enabling 
businesses to take advantage of growth opportunities. Coinsilium also 
provides advisory services to companies planning token generation events. 
 
Coinsilium shares are traded on NEX Exchange Growth Market, the primary 
market for unlisted securities operated by NEX Exchange, a Recognised 
Investment Exchange under the Financial Services and Markets Act 2000. 
 
For further information about Coinsilium please visit www.coinsilium.com [2] 
 
About StartupToken 
 
StartupToken is a Gibraltar-registered hyper accelerator helping 
entrepreneurs in the blockchain space to grow their projects into successful 
startups. StartupToken helps its clients reach the necessary level of 
engagement with their communities worldwide thanks to a full-service package 
including legal and technical support, token economics and modelling, 
compliance, events organisation and growth hacking. 
 
For further information about StartupToken please visit startuptoken.com 
 
About Blockwater Capital 
 
Blockwater Capital is a leading digital asset fund (DAF) that focuses on 
bringing blockchain enabled projects to real world application. 
 
For further information about Blockwater Capital please visit 
www.blockwater.io [3] 
 
ISIN:          VGG225641015 
Category Code: MSCU 
TIDM:          COIN 
Sequence No.:  6918 
EQS News ID:   759101 
 
End of Announcement EQS News Service 
 
 
1: https://link.cockpit.eqs.com/cgi-bin/fncls.ssp?fn=redirect&url=57fe17ce5ffac8d082e78206f9a56592&application_id=759101&site_id=vwd_london&application_name=news 
2: https://link.cockpit.eqs.com/cgi-bin/fncls.ssp?fn=redirect&url=0854717e38cec0c4ee3181bc6d5d7f42&application_id=759101&site_id=vwd_london&application_name=news 
3: https://link.cockpit.eqs.com/cgi-bin/fncls.ssp?fn=redirect&url=e12d791957c944084dab850c4394865e&application_id=759101&site_id=vwd_london&application_name=news 
 

(END) Dow Jones Newswires

December 18, 2018 02:01 ET (07:01 GMT)

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