STOCKHOLM, 24th January, 2017 - Further to its Press Release of 20th December, XBT Provider AB (Publ) (the "Issuer") wishes to provide an update in respect of the upcoming cash distribution which will be made to those investors which held Certificates issued by it (referenced to bitcoin) as at the opening of trading on 1st August, 2017 (such persons, the “Relevant Holders”), and who have applied for such distribution (or had an application made on their behalf) and had such application accepted.
The Issuer has identified that, with the exception of just 40 Scandanavian-based individuals, all Relevant Holders are, in fact, custodians and nominees who at the applicable time held the relevant Certificates on behalf of their customers (many of which may be brokers in the market).
The Issuer has negotiated arrangements with these custodians and nominees pursuant to which the Issuer will make the relevant cash distribution directly to them and they, in turn, have agreed to onwardly remit the applicable sums to their relevant customers. To enquire about receipt of their cash distribution, such customers are recommended to contact the corporate actions departments of their brokers from Friday, 9th March, 2018 onwards. Interested brokers are invited to contact their nominee(s) or custodian(s) to confirm the details of the arrangements for the cash distribution on or before 9th March.
With respect to the 40 Scandinavian-based individuals, each of these Relevant Holders has been written to by the Issuer to notify them of their eligibility to collect the cash distribution. These Relevant Holders are reminded that they have until midnight (GMT) on 19th February to submit a claim for the cash distribution. Relevant details for such individuals are also referenced in the Issuer’s earlier Press Releases of 20th November and 20th December, 2017 (which can be accessed via the Issuer’s portal: https://claims.xbtprovider.com/).
As indicated in the Issuer’s Press Release of 20th December, distributions in respect of all approved applications from Relevant Persons are anticipated to be released on Friday, 9th March, 2018.
Distribution ratios were declared in US Dollars (USD) in the Issuer’s Press Release of 20th December (being 1.56 USD per SEK Certificate and 15.56 USD per EUR Certificate) but will be paid in SEK or EUR, as appropriate in light of the relevant series of Certificate. The exchange rate between the respective USD ratios set on 20th December and SEK and EUR will be struck on 1st March at 4pm (GMT). The exchange rates so struck will be identified in a further Press Release.
For further information regarding eligibility and documents needed for an application, and for any additional questions or inquiries, please refer to the dedicated portal: https://claims.xbtprovider.com/
ABOUT THE ISSUER
XBT Provider AB (Publ), a CoinShares company, is the Swedish-domiciled issuer of Bitcoin Tracker One and Bitcoin Tracker Euro (COINXBT:SS, COINXBE:SS, respectively) and Ether Tracker One and Ether Tracker Euro (COINETH:SS and COINETHE:SS). These trackers are designed to mirror the return of the underlying asset, bitcoin (in Swedish Kronor and Euro, respectively). In 2015, Bitcoin Tracker One became the first bitcoin-referenced security available on a regulated exchange when it listed on NASDAQ in Stockholm. In 2017, Ether Tracker One became the first ether-referenced security available on a regulated exchange when it listed on NASDAQ in Stockholm. All four certificates are available in 179 countries and are traded in the same manner as any other share or instrument listed on the Nasdaq exchange in Stockholm. The Issuer's Prospectus is approved by the Swedish FSA (Finansinspektionen) and its products are listed on Nasdaq Nordic in Stockholm. XBT Provider AB (Publ) is not a licensed financial advisor. The views presented in this release are the opinions of the Board of XBT Provider AB (Publ) and no other party. Bitcoin and ether are volatile assets and their prices (and the price of securities that are referenced to them) can move quickly. Prospective investors in the Issuer's certificates should carefully consider the suitability of such an investment and, in connection with such a determination, should carefully read the Issuer's latest Prospectus (including, in particular, the risk warnings set out therein). For More Information regarding XBT Provider, contact us at: XBT Provider AB (Publ) [email protected] or visit our website at: www.XBTProvider.com