DigitalX announces resignation of Director Toby Hicks

  • Sep 10, 2018 AEST
  • Team Kalkine
DigitalX announces resignation of Director Toby Hicks

Information technology group DigitalX Limited (ASX: DCC) recently announced the retirement of Non-executive Director, Mr. Toby Hicks on the Director’s own preference. Mr. Hicks ceased to be the Director of the company from 7 September 2018.

Toby Hicks joined DigitalX in August 2016 to fill a vacancy on the Board for three months term. But Mr. Hicks subsequently served as the Chair of the Company for financial year 2017 and 2018. Under his leadership the company has observed turn-around of full year loss in FY17 to US$2.59 million of profit for the year ended 30 June 2018. The company has recorded significant growth in revenue majorly driven by company’s established service offerings of blockchain consulting and Initial Coin Offering (ICO)/ Security Token Offering (STO) advisory. 

Mr. Hicks who is a corporate lawyer and partner of a boutique Perth law firm indicated his decision to retire as a Director of DigitalX due to his high demanding legal practice. However, he continues to offer legal advisory services to the company.

The stock of this software solutions company has seen daily price change of 4.545% while moving down on ASX today. The DigitalX’s stock is market trading at $0.105 on 10 September 2018 (4:14 PM AEST). There has been performance change of 41.03% in the stock of the company over the past 12-month period.

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