SINGAPORE, Sept. 30, 2021 /PRNewswire/ -- Diginex Limited (Nasdaq: EQOS), a digital assets financial services company, today announced that its shareholders voted in favor of changing its corporate name to EQONEX Limited ('the Company'). The Company's Nasdaq ticker, EQOS will remain.
The change in name was approved by shareholders at the Company's first annual general meeting (AGM). The decision represents the final step in the unification of the Company's businesses under the EQONEX brand, following a rebrand which was initiated in June 2021.
The EQONEX brand brings a focus to the crypto ecosystem of companies that represent the EQONEX group, which comprise: EQONEX, a crypto spot and derivatives exchange, Digivault, a UK FCA registered crypto custodian, Bletchley Park, an asset manager, EQONEX Investment Products, a forthcoming investment products business, EQONEX Lending, a crypto borrowing and lending platform, Access Trading, a multivenue trading platform, and EQONEX Capital, which offers crypto securitization services.
The rebrand to EQONEX, follows the divestment of Diginex Solutions, the ESG blockchain solutions company, in May 2020.
Richard Byworth, CEO at EQONEX Group, said: "The change of our corporate name represents the last step in our efforts to align all our businesses under the EQONEX brand. We are delighted that a majority of our shareholders voted in favor of the move and continue to support us as we are poised to become a leader in digital asset financial services."
As well as the vote in favor of changing the new corporate name, all of the resolutions submitted for shareholder approval were adopted including:
- The Directors' Statement and the Singapore Statutory Consolidated Audited Financial Statements for the Company's financial year ended March 31, 2021
- UHY Lee Seng Chan & Co. re-appointed as the Company's statutory auditors
- Authority to the Company's board of directors to allot and issue ordinary shares of the Company
- Authority to the Company's board of directors to offer and grant equity compensation awards
- The notice period required for Board meetings to be reduced from 14 to 3 calendar days
Chi-Won Yoon, Chairman of EQONEX Group, said: "There have been a lot of positive developments since we listed on Nasdaq a year ago. The unique value proposition of our EQONEX ecosystem is gradually coming together to provide a full one-stop-shop for investors in this asset class. The fiscal year 2022 is set to be yet another exciting year and we look forward to delivering more value to our shareholders."
EQONEX is a digital assets financial services company focused on fairness, governance, and innovation. The group encompasses cryptocurrency exchange EQONEX as well as an over-the-counter trading platform. It also offers a front-to-back integrated trading platform, Access Trading, a securitization advisory service EQONEX Capital, market leading hot and cold custodian Digivault, and asset manager Bletchley Park.
For more information visit: https://.group.eqonex.com.
This press release is provided by Diginex Limited ("Eqonex") for information purposes only, is a summary only of certain key facts and plans of Eqonex and includes forward looking statements that involve risks and uncertainties. Without limitation, the press release does not constitute an offer or solicitation in relation to any securities or other regulated products or services or to make use of any services provided by Eqonex, and neither this press release nor anything contained in it will form the basis of any contract or commitment whatsoever. This press release has not been reviewed by any regulatory authority in any jurisdictions. Forward looking statements are statements that are not historical facts and are subject to risks and uncertainties, which could cause actual results or outcomes to differ materially from the forward-looking statements. Most of these factors are outside of Eqonex's control and are difficult to predict. Factors that may cause such differences include, but are not limited to: Eqonex's limited operating history and history of net losses; Eqonex's ability to execute its business plan; the rate and degree of market acceptance of Eqonex's products; failure to obtain the requisite regulatory licenses and qualifications or establish partnerships with entities in certain jurisdictions to satisfy regulatory requirements; changes in laws or regulations; litigation and regulatory risks; Eqonex's inability to successfully identify, hire and retain skilled individuals; competition; Eqonex's inability to successfully develop technology to service its business lines and keep pace with rapidly changing technology and client or regulatory requirements; risks of cyber incidents; reliance on vendors and third-party service providers; inability to protect or preserve its proprietary rights and the risk of infringing on the intellectual property rights of others; potential conflict of interest arising from managing different business lines; risks of employee misconduct and manipulation of distributed ledger networks and smart contract technology by malicious actors; risk of Eqonex losing access to its private keys or data loss relating to its digital asset investments; the ability of Eqonex to grow and manage growth profitably; general economic and market conditions impacting demand for Eqonex's products and services, other business line specific risks and such other risks and uncertainties included in Eqonex's Form 20-F filed with the U.S. Securities and Exchange Commission (the "SEC") on June 30, 2021, including those under "Risk Factors" therein, and in Eqonex's subsequent filings with the SEC, which are available on the SEC's website at www.sec.gov.
In addition, any forward-looking statements contained in this press release are based on assumptions that Eqonex believes to be reasonable as of this date. Eqonex undertakes no obligation to update any forward-looking statements to reflect events or circumstances after the date of this press release or to reflect new information or the occurrence of unanticipated events, except as required by law.
Copyright (c) Diginex Limited 2021.