XBT Provider AB: Clarification regarding ethereum parity multi-sig wallet functionality
STOCKHOLM, 20th March, 2018 - Further to the Press Release of 16th March, 2018 (the "Earlier Press Release") in connection with the making by XBT Provider AB (Publ) (the "Issuer") of a cash distribution following the 'bitcoin cash fork', the Issuer would like to correct an error: The Earlier Press Release should have referred to the statement being received from Euroclear by the Issuer on 4th August, 2017. This mis-statement within the Earlier Press Release is regretted.
The Issuer wishes to confirm that the correction herein of such statement date is not, in any way, material in the context of the purpose of the Earlier Press Release.
Additionally, the Issuer reiterates that it will pay any Unpaid Recipients (as defined within the Earlier Press Release) in respect of any distribution to which they were entitled in any circumstances where their Swedish Agent (the list of which is as set out within the Earlier Press Release) did not, for any reason, receive the relevant sum from, or on behalf of, the Issuer.
Reflecting its commitment to ethical conduct of the highest standard, and notwithstanding the considerable practical and procedural obstacles involved in giving effect to its unprecedented decision to effect a distribution of the proceeds of the 'bitcoin cash fork' to those entitled thereto (as referenced within the Earlier Press Release), this commitment on the part of the Issuer to make good any Unpaid Recipients, in the aforementioned circumstances, is not limited in time.
Accordingly, should any person consider themselves to be an Unpaid Recipient (and there are no such persons to the present knowledge of the Issuer), they are requested to please follow the procedure specified within the Earlier Press Release which can be found here.
Save for resolution of any scenarios involving Unpaid Recipients (should they arise), the matter of the distribution of proceeds arising from the 'bitcoin cash fork' is considered by the Issuer to have been successfully concluded.
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.