NEW
YORK, June 24, 2022 /CNW/ - Galaxy Digital
Holdings Ltd. (TSX: GLXY) ("Galaxy Digital" or "the Company"), a
financial services and investment management innovator in the
digital asset, cryptocurrency, and blockchain technology sectors,
announced today that it has entered into an automatic share
purchase plan ("ASPP") with a broker in order to facilitate
repurchases of the Company's ordinary shares ("Shares") under its
previously announced normal course issuer bid ("NCIB").
Galaxy Digital previously announced that it had received
approval from the Toronto Stock Exchange ("TSX") to purchase,
during the 12-month period commencing May
18, 2022 and terminating May 17,
2023, up to 10,596,720 Shares, representing approximately
10% of the 111,995,742 Shares issued and outstanding as of
May 10, 2022, by way of a NCIB on the
TSX or through alternative trading systems or by such other means
as may be permitted under applicable law.
During the effective period of Galaxy Digital's ASPP, Galaxy
Digital's broker may purchase Shares at times when Galaxy Digital
would not be active in the market due to insider trading rules and
its own internal trading blackout periods. Purchases will be made
by Galaxy Digital's broker based upon parameters set by Galaxy
Digital when it is not in possession of any material non-public
information about itself and its securities, and in accordance with
the terms of the ASPP. Outside of the effective period of the ASPP,
Shares may continue to be purchased in accordance with Galaxy
Digital's discretion, subject to applicable law. The ASPP has been
entered into in accordance with the requirements of applicable
Canadian securities laws.
About Galaxy Digital
Galaxy Digital (TSX: GLXY) is a technology-driven financial
services and investment management firm that provides institutions
and direct clients with a full suite of financial solutions
spanning the digital assets ecosystem. Galaxy Digital operates in
the following businesses: Trading, Asset Management, Investment
Banking, Mining and Principal Investments. Galaxy Digital's CEO and
Founder is Mike Novogratz. The
Company is headquartered in New York
City, with offices in Chicago, Jersey
City, London, Amsterdam, Tokyo, Hong
Kong, and the Cayman
Islands (registered office).
Additional information about the Company's businesses and
products is available on www.galaxydigital.io.
Disclaimers
The TSX has not approved or disapproved of the information
contained herein.
SOURCE Galaxy Digital Holdings Ltd.