Digitalx Ltd received funding commitment from First Growth Funds Limited
ICO platform development and funding commitment: Digitalx Ltd.’s (ASX: DCC) stock fell 1% on September 18, 2018 after the company’s Initial Coin Offering (ICO) issuance platform, FutureICO, which is being developed in a joint venture has received a funding commitment from First Growth Funds Limited. The platform provides a seamless way for ICO applicants and ICO issuers to interact under a compliant framework. FutureICO leverages the key expertise of the three groups, namely Blockchain development, cryptoasset security and knowledge of cryptoasset compliance. Moreover, FutureICO and the joint venture parties have signed a binding terms sheet with First Growth, according to which First Growth will subscribe for 25% of the equity in FutureICO, to the value of US$285,000. First Growth will have the right to appoint a nominee to the board of FutureICO. After the subscription, the capital structure of FutureICO will be approximately DigitalX (34%), Blockchain Global Limited (34%), Big Start Pty Ltd (7%) and First Growth (25%). Meanwhile, DCC stock has risen 11.11% in three months as on September 17, 2018 and is trading at a P/E of 12.05x. The stock has been lately impacted by volatile movement in cryptocurrency space.
Atlas Arteria Announces Dividend for Second-half of 2018
Declared the Dividend: Atlas Arteria Group (ASX: ALX), earlier known as Macquarie Atlas Roads (MQA), saw its stock price rise by about 0.5% on September 18, 2018 after the company for the second-half of 2018 announced a distribution of 12.0 Australian cents per stapled security (cps). The distribution will be paid in full by ALX and the distribution includes a capital return of 11.3 cps and an unfranked dividend of 0.7 cps. Meanwhile, ALX stock has risen 8.11% in three months as on September 17, 2018.
Dividend for Second Half 2018 (Source: Company Reports)
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