Technical update on the acquisition of Napoleon and its social trading platform



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December 17, 2021 | SAINT HELIER, Jersey | CoinShares International Limited (Nasdaq First North Growth Market: CS; US OTCQX: CNSRF) (“CoinShares“), the largest and oldest digital asset investment company in Europe, is pleased to announce that following the announcement of December 1, 2021, the acquisition of the French FinTech company Napoleon Crypto SAS and its subsidiaries (“Napoleon“) completed on Thursday, December 16, 2021.

The transaction was settled via a combination of cash and a partial equity swap, with the issuance of 363,636 new ordinary shares (“Counterpart actions») At a price of SEK 110 (EUR 10.8) per share, ie a premium of 31% over the closing price of Thursday, December 16 on the Nasdaq First North Growth Market.

About CoinShares
CoinShares is Europe’s largest and oldest digital asset investment firm, managing billions of dollars in assets on behalf of its customers. The Group is focused on expanding investor access to the digital asset ecosystem by creating new financial products and services that seek to provide confidence and transparency when accessing this new asset class. CoinShares is listed on the Nasdaq First North Growth Market under the ticker CS and the OTCQX under the ticker CNSRF.

For more information on CoinShares, please visit:
Company | +44 (0) 1534 513 100 | [email protected]
Investor Relations | +44 (0) 1534 513 100 | [email protected]
Certified Advisor – Mangold Fondkommission AB | +46 (0) 8 503 015 50 | [email protected]

This information is information that CoinShares International Limited is obliged to make public in accordance with the EU Market Abuse Regulation (596/2014). The information in this press release was published through the contact persons indicated above, at 7:00 a.m. GMT on December 17, 2021.

Forward-looking statements
The report contains certain forward-looking statements and opinions. Forward-looking statements are statements which do not relate to historical facts and events, and such statements and opinions regarding the future which, for example, contain terms such as “believes”, “believes”, “anticipates”, “Expects”, “assumes”, “plans”, “intends”, “could”, “will”, “should”, “would”, “estimated”, “believes “,” could “,” anticipates “,” potential “,” predicted “,” plans “,” knowledge of “or similar expressions, which are intended to identify a statement as being forward-looking. This applies, in particular, to statements and opinions contained in the report regarding future financial performance, plans and expectations regarding the business and management of the Company, future growth and profitability, and the economic environment and general regulatory matters, and other matters affecting the Company.

Forward-looking statements are based on current estimates and assumptions made to the best of the Company’s knowledge. These forward-looking statements are subject to risks, uncertainties and other factors that could cause actual results, including cash flows, financial condition and operating income of the Company, to differ from the information presented. in these statements, and did not meet expectations. expressly or implicitly assumed or described in such statements or prove to be less favorable than the results expressly or implicitly assumed or described in such statements. Therefore, potential investors should not place undue reliance on the forward-looking statements contained in this document and are strongly urged to read the report in its entirety. The Company cannot give any assurance as to the future accuracy of the opinions expressed in this document or as to the actual occurrence of any anticipated development.

In light of the risks, uncertainties and assumptions associated with forward-looking statements, it is possible that future events mentioned in the report will not occur. In addition, the estimates and forward-looking forecasts derived from studies of third parties mentioned in the report may prove to be inaccurate. Actual results, performance or events may differ materially from those presented in these statements due to, without limitation, changes in general economic conditions, in particular economic conditions in the markets in which the Company operates, changes affecting interest rates, changes affecting the exchange rate, changes in levels of competition and changes in laws and regulations.



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