Wednesday, June 29 2022

NEW YORK and TORONTO, March 21, 2022 /PRNewswire/ — The INX Digital Company, Inc. (NEO: INXD) (the “Company”), the owner of digital asset exchange platforms, is pleased to announce that it intends to implement a normal course issuer bid (the “ORCN“) the Company’s ordinary share buyback program (“Ordinary actions“).

Under the terms of the tender offer, which has been accepted by the NEO Exchange, the Company may purchase up to a maximum of 10,206,807 common shares, representing approximately 5% of the issued and outstanding common shares at March 18, 2022provided that the aggregate purchase price of any common stock acquired under the tender offer and any INX Limited token (“INX Tokens“) acquired under its previously disclosed token buyback program must not exceed $5 million. From March 18, 2022no INX tokens have been repurchased by the company under the token buyback program, which was announced on December 20, 2021.

Purchases under the issuer bid may be made by means of open market transactions on the NEO Exchange and/or any Canadian alternative trading system on which the Common Shares are traded, depending on the price of the current market. In accordance with the rules of the NEO Bourse, daily purchases (except under a bulk purchase exception) under the OPRCNA cannot exceed the greater of 1,000 common shares and 25% of the average daily volume transactions on the NEO Bourse, measured from January 24, 2022 for March 18, 2022. All common shares purchased pursuant to the issuer bid will be cancelled.

Transactions made under the tender offer will depend on future market conditions. The Company will retain discretion to make purchases under the tender offer and to determine the timing, amount and acceptable price of such purchases, subject at all times to the applicable requirements of the NEO Exchange and other regulatory requirements. The Company believes that the purchase of Common Shares from time to time may be made at prices which do not fully reflect their value. The Company believes that, in such circumstances, the repurchase of Common Shares represents an appropriate use of the Company’s available funds to support shareholder value.

The Company intends to appoint PI Financial Corp. (“IP Financial“) as broker through which the Company will make purchases under the tender offer, which purchases will be made in accordance with the policies of the NEO Exchange. The Company and PI Financial intend to enter into an issuer buyout plan agreement outlining the terms under which the NCIB will be conducted.

The period during which the Company will be authorized to make purchases under the public tender offer will begin on March 23, 2022 and complete the first of (i) March 23, 2023, and (ii) the earlier date on which the maximum number of common shares are purchased under the issuer bid. The Company has not purchased any common shares during the previous year pursuant to an issuer bid.

About INX Digital Company, Inc.
The Company is the holding company of the INX Group, which includes regulated trading platforms for digital securities and cryptocurrencies, combining expertise in traditional markets and an innovative approach to fintech. INX Group’s vision is to be the preferred regulated global hub for digital assets on the blockchain. INX Group’s overall mission is to bring communities together and empower them to innovate financially. Our journey began with our first public token offering of the INX token in which it raised $83 million. INX Group is shaping the blockchain asset industry through its willingness to operate in a regulated environment under the oversight of regulatory bodies such as the SEC and FINRA.

In addition to operating two regulated trading platforms for blockchain assets, the company’s intermediary broker, ILS Brokers, plans to offer non-deliverable cryptocurrency futures contracts in the future. Tier 1 banks. For more information, please visit the INX Group website here.

Caution Regarding Forward-Looking Information and Other Disclosures
This press release contains statements that constitute “forward-looking information” (“forward-looking information“) within the meaning of applicable Canadian securities laws. Forward-looking information includes, but is not limited to, statements regarding the issuer bid and the terms of the issuer bid, including the price and the number of common shares that may be purchased.All statements, other than statements of historical facts, are forward-looking information and are based on expectations, estimates and projections as of the date of this press release. deals with predictions, expectations, beliefs, plans, projections, goals, assumptions, future events or performance (often, but not always, using expressions such as “expects”, or “does not expect”, “is planned”, “anticipates” or “does not anticipate”, “plans”, “budget”, “planned”, “expects”, “estimates”, “believes” or “intends” or variations of such words and phrases or indicating that certain actions, events events or results “may” or “could”, “would”, “might” or “will” be expected to occur or be achieved) are not statements of historical fact and may be forward-looking information. In disclosing the forward-looking information contained in this press release, the Company has made certain assumptions, including with respect to: the development of the digital asset industry. Although the Company believes that the expectations reflected in such forward-looking information are reasonable, it cannot guarantee that the expectations in such forward-looking information will prove to be correct. Known and unknown risks, uncertainties and other factors that may cause actual results and future events to differ materially from those expressed or implied by such forward-looking information. These factors include, but are not limited to, regulatory developments and general economic conditions. Accordingly, readers should not place undue reliance on the forward-looking information contained in this press release. Except as required by law, the Company disclaims any intention and undertakes no obligation to update or revise forward-looking information to reflect actual results, whether as a result of new information, future events, changes in assumptions, changes in factors affecting this forward-looking information. -search for information or other.

All information in this press release regarding the corporate entities referenced herein has been provided, for inclusion herein, by the respective parties and each party and its directors and officers have relied upon the other party for all information regarding the other part.

The NEO Exchange is not responsible for the adequacy or accuracy of this press release.

This press release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities of United States. The securities have not been and will not be registered under United States securities law or any state securities law and may not be offered or sold in United States or to US Persons, unless they are registered under the US Securities Act and applicable state securities laws or an exemption from such registration is available.

For more information
Contact:

The digital company INX, Inc.
Investor Relations
+1 855 657 2314
E-mail: [email protected]

Douglas Borthwick
business manager
E-mail: [email protected]

SOURCE INX Digital Company, Inc.

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