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ASX-Listed DigitalX Denies Policy Breach in Director Trades Probe
The post ASX-Listed DigitalX Denies Policy Breach in Director Trades Probe appeared on BitcoinEthereumNews.com. In brief The ASX has reportedly queried DigitalX over director Ieva Guoga’s share purchases and dealings with major shareholder Antanas “Tony G” Guoga ahead of a Solana acquisition announcement. The ASX-listed crypto investment manager says the trades complied with its securities trading policy and listing rules, though it will tighten processes. The company also unveiled plans to boost its Bitcoin treasury from 500 BTC to 2,100 BTC by 2027 under its “21 Hundred” strategy. ASX-listed digital asset investment manager DigitalX Limited has rejected suggestions of policy breaches following the Australian Securities Exchange’s query of director Ieva Guoga’s recent share purchases and her dealings with major shareholder Antanas “Tony G” Guoga, her father. The ASX has reportedly asked DigitalX to explain the timing of Guoga’s purchase, according to The Australian Financial Review. The exchange alleges Ieva bought 3 million shares ahead of a May 29 announcement regarding an $11.6 million Solana token (SOL) acquisition, as well as the nature of transactions involving her father. In response to the allegations, a spokesperson for Guoga’s company told Decrypt the trades did comply with both its securities trading policy and ASX listing rules, echoing a previous letter sent to the ASX on July 31. “At no point has DigitalX suggested that Ms. Guoga failed to comply with the company’s Securities Trading Policy, only that those requests did not match word-for-word the requirements,” the company said. Trading policies of that kind typically lay out a set of rules that tell company insiders when and how they can trade the company’s shares. In DigitalX’s case, the policy outlines approved trading windows and requires directors to get clearance from senior officers before buying or selling shares. That’s meant to ensure trades are carried out only when there is no undisclosed information that could affect the share…
The post ASX-Listed DigitalX Denies Policy Breach in Director Trades Probe appeared on BitcoinEthereumNews.com.
In brief The ASX has reportedly queried DigitalX over director Ieva Guoga’s share purchases and dealings with major shareholder Antanas “Tony G” Guoga ahead of a Solana acquisition announcement. The ASX-listed crypto investment manager says the trades complied with its securities trading policy and listing rules, though it will tighten processes. The company also unveiled plans to boost its Bitcoin treasury from 500 BTC to 2,100 BTC by 2027 under its “21 Hundred” strategy. ASX-listed digital asset investment manager DigitalX Limited has rejected suggestions of policy breaches following the Australian Securities Exchange’s query of director Ieva Guoga’s recent share purchases and her dealings with major shareholder Antanas “Tony G” Guoga, her father. The ASX has reportedly asked DigitalX to explain the timing of Guoga’s purchase, according to The Australian Financial Review. The exchange alleges Ieva bought 3 million shares ahead of a May 29 announcement regarding an $11.6 million Solana token (SOL) acquisition, as well as the nature of transactions involving her father. In response to the allegations, a spokesperson for Guoga’s company told Decrypt the trades did comply with both its securities trading policy and ASX listing rules, echoing a previous letter sent to the ASX on July 31. “At no point has DigitalX suggested that Ms. Guoga failed to comply with the company’s Securities Trading Policy, only that those requests did not match word-for-word the requirements,” the company said. Trading policies of that kind typically lay out a set of rules that tell company insiders when and how they can trade the company’s shares. In DigitalX’s case, the policy outlines approved trading windows and requires directors to get clearance from senior officers before buying or selling shares. That’s meant to ensure trades are carried out only when there is no undisclosed information that could affect the share…
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