ASX-Listed DigitalX Denies Policy Breach in Director Trades Probe

ASX-Genter Digital Assets Investment Manager Digitalx Limited has rejected suggestions of policy breaks after the query of the Australian Securities Exchange of the recent stock purchases of director Ieva Guoga and her handling of great shareholder Antanas “Tony G” Guoga, her father.

The ASX reportedly asked DigitalX to explain the timing of the purchase of Guoga, according to The Australian Financial Review.

The stock market claims that IEVA bought 3 million shares prior to an announcement of 29 May with regard to an acquisition of $ 11.6 million Solana Token (SOL), as well as the nature of transactions in which her father was involved.

In response to the allegations, a spokesperson for the Guoga company told Decrypt The transactions adopted both the trade policy for securities and ASX listing rules, which in imitation of 31 July in imitation of ASX.

“Digitalx has never suggested that Mrs Guoga did not comply with the company’s securities trading policy, only that those requests did not match the requirements,” the company said.

Trade policy of that type of trade policy has usually established a series of rules that tell insiders of the company when and how they can trade the shares of the company.

In the case of DigitalX, the policy outlines approved trading windows and requires drivers to get approval from senior officers before they buy or sell shares. This is intended to ensure that transactions are only carried out if there is no non -known information that can influence the stock price.

“Although the board is comfortable that no illegality has occurred, it used this circumstance as an opportunity to improve his processes, as any good business should,” said a spokesperson for Digitalx Decrypt.

The denial comes as Digitalx announced on Monday, in an ASX submitThat it intends to expand his Bitcoin interests from around 500 BTC to 2,100 BTC by 2027 under its “21 hundred” strategy, so that the Alpha Crypto is placed as the core of his treasury.

The father of Ieva, Antanas Guoga, a former member of the European Parliament and former professional poker player, is the largest shareholder of DigitalX by around 15% of the company.

He is also chairman of the Canadian SOL strategies, which have an exclusive deal of 12 months to offer Solana strike services to DigitalX.

Guoga has one in the same way financing deal For ASX-Gente Biotech Company Opyl earlier this year, it will provide a non-dilual loan to finance the purchase of Bitcoin for his treasury via the Digitalx Bitcoin ETF. Guoga serves as a non-executive director at Opyl.

Digitalx has planned A shareholders’ meeting of 5 September to vote on the issue of shares and warrants to IEVA and Antanas Guoga as part of a placement of connected parties.

The ASX did not immediately respond to requests for comments.