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DIGITALX LIMITED — Capital/Financing Update 2017
Oct 2, 2017
64762_rns_2017-10-02_35472519-f9a9-4980-aacc-7663f496cf8a.pdf
Capital/Financing Update
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ASX ANNOUNCEMENT
3 October 2017
Close of Minority Holder Sale Facility
DigitalX Ltd ( Company or DCC ) is pleased to advise that it closed the minority holding share sale for holders of parcels of shares worth less than $500 ( Unmarketable Parcels ) in the Company ( Minority Holder Sale ) on 29 September 2017.
The Company provided the Minority Holder Sale to holders of Unmarketable Parcels to sell their shares without incurring any brokerage or handling costs that could otherwise make a sale of their shares uneconomic or impractical. By completing the Minority Holder Sale, the Company has reduced the administrative costs associated with maintaining a large number of small holdings.
As at the market close on 29 September 2017, there were 1,884,991 ordinary shares held by 1,536 shareholders to be sold ( Sale Shares ).
The sale price for each Sale Share will be determined once all of the Sale Shares are sold under the UPS Facility and Computershare will organise remittance of sale proceeds for those shareholders who participated in the Minority Holder Sale. Each participating shareholder will receive their proportionate share of the sale proceeds for all Sale Share sold through the Minority Holder Sale without incurring any brokerage or handling costs.
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For further information, please contact
DigitalX Limited
Leigh Travers Chief Executive Officer [email protected] T: +61 439 376 847
About DigitalX Limited
DigitalX is a Blockchain technology Company with offices in Perth and New York. Partners can use DigitalX’s technology to offer new financial products.
Suite 5, 62 Ord Street, West Perth WA 6005 ● T: +61 8 9322 1587 ● E: [email protected]