NEW
YORK, Sept. 29, 2023 /CNW/ - Galaxy Digital
Holdings Ltd. (TSX: GLXY) ("Galaxy"), a financial services and
investment management innovator in the digital asset 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 Galaxy's ordinary shares ("Shares") under
its previously announced normal course issuer bid ("NCIB").
Galaxy previously announced that it had received approval from
the Toronto Stock Exchange ("TSX") to purchase, during the 12-month
period commencing May 31, 2023 and
terminating May 30, 2024, up to
10,056,193 Shares, representing approximately 10% of issued
and outstanding as of May 19, 2023,
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's ASPP, Galaxy's broker
may purchase Shares at times when Galaxy 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's broker based
upon parameters set by Galaxy 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's discretion, subject to applicable law.
The ASPP has been entered into in accordance with the requirements
of applicable Canadian securities laws.
About Galaxy
Galaxy (TSX: GLXY) is a digital asset and blockchain leader
providing access to the growing digital economy. We serve a
diversified client base, including institutions, startups, and
qualified individuals. Since 2018, Galaxy has been building a
holistic financial platform spanning three complementary operating
businesses: Global Markets, Asset Management, and Digital
Infrastructure Solutions. Our offerings include, amongst others,
trading, lending, strategic advisory services, institutional-grade
investment solutions, proprietary bitcoin mining and
hosting services, network validator services, and the development
of enterprise custodial technology. The company is headquartered in
New York City, with offices across
North America, Europe, and Asia.
Additional information about the Galaxy's businesses and
products is available on www.galaxy.com.
Disclaimers
The TSX has neither approved nor disapproved the contents of
this press release.
SOURCE Galaxy Digital Holdings Ltd.