London, England (23 September 2019)
LDXG Limited (the “Company”) is pleased to announce the launch of its privately placed security token offering (“LDXG STO”) to qualifying investors. The Company is issuing 6,000,000 revenue share security tokens valued at $1 USD each (the “LDXG Tokens”) for a total capital raise of $6,000,000 USD. The LDXG Tokens enable investors to share in the Company group revenues before expenses and held in a secure custody account at HEX Trust Limited (“HEX Trust”). The revenue share will include all current and future majority and wholly owned companies by LDXG or any of its subsidiaries. Full details of the tokens are available from the Company to those qualifying for such an offering. The Company is the parent holding company of two wholly owned direct subsidiaries. London Derivatives Exchange Limited (“LDX Exchange”), an electronic exchange platform, which is authorised and regulated by the UK Financial Conduct Authority, whereas LDXA Limited (“LDXA”) provides consulting, marketing and administrative services clients.
The capital raised will be used to accelerate expansion plans of the Company group and propagating the LDX Exchange business model within the UK, EU, Asia, Middle East and other regions. The LDXG Tokens are only available to qualifying investors and interested parties should review their local regulations prior to seeking to purchase the LDXG Tokens.
The LDXG STO has been approved by the LDX Exchange. The LDXG STO has not been and will not be registered under the U.S. Securities Act of 1933, as amended (the “1933 Act”), or under any state securities laws, and may not be offered or sold, directly or indirectly, or delivered within the United States or to, or for the account or benefit of, U.S. persons (as defined in Regulation S under the 1933 Act) absent registration or an applicable exemption from the registration requirements. This press release does not constitute an offer to sell or a solicitation to buy such security tokens in the United States.
Vj Angelo,CEO stated :
“LDXG Limited is very excited to launch its own security token offering and validate the belief in the LDXG group products and services. We believe in this new method of fundraising and as a proof of concept look forward to joining all the other established projects that are currently on our platform. LDXG group looks forward to developing our markets, products and services together with our partners, and to continually develop our ecosystem.’
For further information, please contact:
Vijay Angelo, Chief Executive Officer, LDXG Limited
The LDX Exchange has not reviewed and does not accept responsibility for the accuracy or adequacy of this press release.
About LDX Exchange and LDXA
LDX Exchange has now signed over ten (10) corporate clients for delivery of proprietary digital products and services, while LDXA has successfully developed a pipeline across all asset classes. During the fourth quarter of 2019, LDX Exchange and LDXA anticipate assessing and delivering over fifty (50) new projects.
The LDX Exchange, together with its custodian, Hex Trust, provide functionality equivalent to a full exchange without the hugely complex and costly web of intermediaries and technology vendors. LDX Exchange aims to be a vital part of the digitisation of assets and creation of a whole new ecosystem within the financial services markets. By combining existing partnerships and products with new asset classes and technologies, LDX Exchange is set to be at the epicentre of the rapidly changing financial markets landscape.