Stephen Roberts resigns as director of DigitalX

Maria Nikolova

DigitalX says it is currently in discussions with candidates that have funds management and specifically blockchain experience.

Blockchain-based solutions provider and ICO adviser DigitalX Ltd (ASX:DCC) has announced that its Non-Executive Director, Mr Stephen Roberts has resigned as a Director of the company with immediate effect.

The company says it is currently in discussions with candidates that have funds management and specifically blockchain experience and looks forward to updating the market shortly.

DigitalX says thanks to Mr Roberts for his efforts during his short time as a Director and wishes him well in his future endeavours. Mr Roberts joined DigitalX in April this year. His most recent executive position prior to becoming a non-executive director at DigitalX was as Regional Chief Executive Officer and Senior Partner of Mercer Investments, Asia Pacific and prior to that – Managing Director of Russell Investments, Australasia.

As FinanceFeeds has reported, over the past several months, DigitalX has been busy issuing shares pursuant to the so-called settlement deed – an agreement between the parties in initial coin offering advisory case. The issue of 1,896,422 shares at a deemed issue price of $0.061519 per share on June 18, 2019, marked the third and last tranche pursuant to the settlement deed. The preceding share issue was announced on May 27, 2019, when the company said it issued a total of 1,576,568 shares at a deemed issue price of $0.074 per share. On May 13, 2019, DigitalX announced the issue of a total of 1,895,453 shares at a deemed issue price of $0.061551 per share.

On May 7, 2019, the company said it had finalised the legal proceedings, which related to an Originating Application and Statement of Claim filed by a group of parties relating to an investment made by those parties in an initial coin offering (ICO) to which the company was an advisor. That share issue marks the first tranche pursuant to the settlement deed.

The Claim, as announced in September 2018, was for a combined amount of approximately US$1,833,077 plus damages. DigitalX has denied any and all wrongdoing.

The company entered into a settlement deed on May 7, 2019 to provide full release from the applicant’s claims without any admission of liability by DigitalX. Further, DigitalX has released the parties from any and all claims.

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