Phoenix Digital - Grant of Options and PDMR Dealings

Announcement provided by

Phoenix Digital Assets PLC · PNIX

20/08/2025 07:00

RNS Number : 0043W

Phoenix Digital Assets PLC

20 August 2025

Phoenix Digital Assets PLC

("Phoenix" or the "Company")

Grant of Options, PDMR Dealings

And Related Party Transaction

Phoenix Digital Assets PLC (AQSE: PNIX) announces that it has granted a total of 35,000,000 Options to five Directors (or through companies owned by them) of the Company to subscribe for new ordinary shares of £0.001 each ("Options") as outlined below.

The Options have an exercise price of £0.0575 per ordinary share, being the closing mid-market price on the date of grant, 19 August 2025. One-third of the Options will vest immediately, with the remaining two-thirds vesting in equal monthly instalments of 1/24th over a two-year period. The Options will be exercisable for a term of five years.

Director	Number of Options being issued	Total number of Options held including this issue
Toro Conuslting Ltd (a company controlled by Jonathan Bixby)	15,000,000	23,333,333
Marallo Holdings Inc (a company controlled by Mike Edwards)	7,500,000	11,916,667
Nick Lyth	7,500,000	20,500,000
Tim Le Druillenec	2,500,000	7,500,000
Jonathan Hives	2,500,000	4,500,000

Following the issue of the above-mentioned Options, the Company will have a total of 77,125,000 Options in issue.

Related Party Transaction

Under AQSE Rule 4.6, the grant of Options is deemed to be a related party transaction. As all Directors are recipients of the Options, First Sentinel Corporate Finance Limited, the Company's AQSE Corporate Adviser, has reviewed the terms of the grant of Options and confirms that the Board, in exercising reasonable care, skill, diligence and has concluded that the terms of the Option are fair and reasonable insofar as the Company's shareholders are concerned.

The Directors of Phoenix accept responsibility for this announcement.

For further information please contact:

Phoenix Digital Assets PLC
Jonathan Bixby Executive Chairman	Via First Sentinel
First Sentinel Corporate Finance Limited
Corporate Adviser Brian Stockbridge	+44 7858 888 007

About Phoenix

Phoenix Digital Assets PLC invests in a diversified portfolio of cryptocurrency, and/or in companies or funds which have exposure to NFT or blockchain technology. The Company's leadership team have an extensive track record in the cryptocurrency sector and previously founded Argo Blockchain PLC, a global crypto miner. Phoenix is headquartered in London, UK, and its shares are listed on the Aquis Stock Exchange Growth Market under the ticker symbol PNIX. https://www.getphoenix.co.uk

Details of the person discharging managerial responsibilities / person closely associated

Name

Toro Conuslting Ltd

Reason for the Notification

Position/status

PCA of Jonathan Bixby, Executive Chairman of Phoenix Digital Assets PLC

Initial notification / Amendment

Initial notification

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

Name

Phoenix Digital Assets PLC

LEI

984500E15WF052FFEB19

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

Description of the Financial instrument, type of instrument

Options over Ordinary shares of £0.001 each

Identification Code

GB00BMW34204

Nature of the transaction

Issue of Options at GBP 0.0575 exercise price issued at Nil consideration

Price(s) and volume(s)

Price(s)	Volume(s)
£0.0575	15,000,000

Aggregated information:

· Aggregated volume

· Price

Single transaction

Date of the transaction

19 August 2025

Place of the Transaction

Outside of a trading venue

Details of the person discharging managerial responsibilities / person closely associated

Name

Marallo Holdings Inc

Reason for the Notification

Position/status

PCA of Mike Edwards, Director of Phoenix Digital Assets PLC

Initial notification / Amendment

Initial notification

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

Name

Phoenix Digital Assets PLC

LEI

984500E15WF052FFEB19

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

Description of the Financial instrument, type of instrument

Options over Ordinary shares of £0.001 each

Identification Code

GB00BMW34204

Nature of the transaction

Issue of Options at GBP 0.0575 exercise price issued at Nil consideration

Price(s) and volume(s)

Price(s)	Volume(s)
£0.0575	7,500,000

Aggregated information:

· Aggregated volume

· Price

Single transaction

Date of the transaction

19 August 2025

Place of the Transaction

Outside of a trading venue

Details of the person discharging managerial responsibilities / person closely associated

Name

Nicholas Lyth

Reason for the Notification

Position/status

Director of Phoenix Digital Assets PLC

Initial notification / Amendment

Initial notification

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

Name

Phoenix Digital Assets PLC

LEI

984500E15WF052FFEB19

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

Description of the Financial instrument, type of instrument

Options over Ordinary shares of £0.001 each

Identification Code

GB00BMW34204

Nature of the transaction

Issue of Options at GBP 0.0575 exercise price issued at Nil consideration

Price(s) and volume(s)

Price(s)	Volume(s)
£0.0575	7,500,000

Aggregated information:

· Aggregated volume

· Price

Single transaction

Date of the transaction

19 August 2025

Place of the Transaction

Outside of a trading venue

Details of the person discharging managerial responsibilities / person closely associated

Name

Jonathan Hives

Reason for the Notification

Position/status

Director of Phoenix Digital Assets PLC

Initial notification / Amendment

Initial notification

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

Name

Phoenix Digital Assets PLC

LEI

984500E15WF052FFEB19

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

Description of the Financial instrument, type of instrument

Options over Ordinary shares of £0.001 each

Identification Code

GB00BMW34204

Nature of the transaction

Issue of Options at GBP 0.0575 exercise price issued at Nil consideration

Price(s) and volume(s)

Price(s)	Volume(s)
£0.0575	2,500,000

Aggregated information:

· Aggregated volume

· Price

Single transaction

Date of the transaction

19 August 2025

Place of the Transaction

Outside of a trading venue

Details of the person discharging managerial responsibilities / person closely associated

Name

Tim Le Druillenec

Reason for the Notification

Position/status

Director of Phoenix Digital Assets PLC

Initial notification / Amendment

Initial notification

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

Name

Phoenix Digital Assets PLC

LEI

984500E15WF052FFEB19

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

Description of the Financial instrument, type of instrument

Options over Ordinary shares of £0.001 each

Identification Code

GB00BMW34204

Nature of the transaction

Issue of Options at GBP 0.0575 exercise price issued at Nil consideration

Price(s) and volume(s)

Price(s)	Volume(s)
£0.0575	2,500,000

Aggregated information:

· Aggregated volume

· Price

Single transaction

Date of the transaction

19 August 2025

Place of the Transaction

Outside of a trading venue

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