Coinsilium Group Limited - Corporate Update and Forthcoming Investor Events PR Newswire

30 March 2017

COINSILIUM GROUP LIMITED
(“Coinsilium” or the “Company")

Corporate Update and Forthcoming Investor Events

Set out below is the text of a letter which is today being sent to shareholders in Coinsilium Group Limited (NEX: COIN), the accelerator that finances and manages the development of early-stage blockchain technology companies. A copy of the letter will be available on the Company’s website at www.coinsilium.com and at www.nexexchange.com in due course.

“2016 was a transitional year for Coinsilium with some challenges along the way. There were several management and board level changes, including the return of Non-executive Director and co-founder Malcolm Palle in January of this year. Costs have been significantly reduced to a more appropriate level for a growth business of Coinsilium’s size. The Company has also taken several key strategic decisions to build a strong foundation in readiness for the many opportunities we see in the emerging Blockchain Technology sector.

In essence, we are now refocused on our core objectives and the Company has been repositioned to reflect the original ethos of why we originally launched Coinsilium: to identify the early winners in the blockchain revolution and leverage some of the vast array of related opportunities.

There has been evidence of our progress since the beginning of 2017 with exciting news from three rising stars in our portfolio, Factom, SatoshiPay and RSK Labs:

    --  Factom added Medici Ventures (Overstock’s venture arm) to its stellar
        lineup of investors including Tim Draper, adding to a series A round
        which was ranked in the top three VC deals in blockchain in 2016 by
        Coindesk;
    --  SatoshiPay raised more than Eur1m at a pre-money valuation 362% higher
        than our initial investment; and
    --  RSK Labs recently joined the second batch of the ‘Dubai Future
        Accelerator’ where they are working with the Dubai government on large
        scale blockchain applications.

These positive developments demonstrate our ability to identify some of the best companies with the most talented teams and we look forward to greater achievements from them in the future.

We also recognise that we are living in exceptional times when, at this early stage of development, blockchain, a technology now qualified as foundational by Harvard Business Review (and recently by Blythe Masters as well), offers numerous opportunities with the potential to generate asymmetric returns to our shareholders. This is why, in addition to our investment activities we have decided to take a more proactive stance and we are currently evaluating some exciting commercial opportunities with the objective of expanding the business in an innovative, yet cost effective manner.

After our recent fund raise announced on 7 March 2017, which demonstrated trust and confidence from our existing shareholders and directors, Coinsilium is now well positioned to leverage its early mover advantage and its unequalled network in the blockchain sector.

Coinsilium will be exhibiting at the UK Investor Show this Saturday 1 April 2017. If you are planning to attend, please do visit us on our stand No 113. We will also be participating in a panel discussion entitled ‘Blockchain: a Game Changing Technology’ at 11:00am in the ‘Miers’ breakout room.

If you haven’t registered yet, you can apply for a free ticket via the link below and use promo code ‘LAST’

http://www.ukinvestorshow.com/tickets/

We would also like to invite you to our forthcoming investor evening hosted by NEX Exchange on 20 April 2017 where we are looking forward to telling investors more about Coinsilium’s plans for 2017. We hope to see you there! 

https://www.eventbrite.co.uk/e/coinsilium-group-investor-evening-welcome-to-the-blockchain-revolution-coin-registration-32780247603

I would like to take this opportunity to thank all shareholders for their continued support; with a lean team, a cohesive and active board, and soon-to-be-unveiled exciting new projects, we believe the time has finally come for Coinsilium to shine and we remain committed to delivering value and returns for our shareholders.

Yours faithfully

Eddy Travia

CEO”

The Directors of Coinsilium Group Limited take responsibility for this announcement.

For further information, please contact:


Eddy Travia                  Coinsilium Group Limited     +44 (0) 207 099 0740

Malcolm Palle, Non-executive Coinsilium Group Limited      +44 (0) 7785 381089
Director

Harry Chathli, Ana Ribeiro,  Luther Pendragon Ltd         +44 (0) 207 618 9100
Alexis Gore

Guy Miller / Mark Anwyl      Peterhouse Corporate Finance +44 (0) 207 469 0930
                             Limited (NEX Exchange
                             Corporate Adviser)

Nick Emerson / Andy Thacker  SI Capital Limited           +44 (0) 1483 413 500
                             (Broker)



Notes to Editors

Coinsilium is an accelerator 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.  Based in London, Coinsilium’s focus is on driving innovation in fintech and blockchain technologies, enabling businesses to take advantage of growth opportunities. 

Coinsilium shares are traded on the NEX Exchange Growth Market, the primary market for unlisted securities operated by NEX Exchange, which is a Recognised Investment Exchange under the Financial Services and Markets Act 2000.

For further information please visit http://www.coinsilium.com/