Defenx plc Offer of up to £2m of Secured Convertible Bonds (8471N)
14 August 2017 - 4:00PM
UK Regulatory
TIDMDFX
RNS Number : 8471N
Defenx plc
14 August 2017
THIS ANNOUNCEMENT AND THE INFORMATION CONTAINED HEREIN IS
RESTRICTED AND IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN
WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED
STATES, REPUBLIC OF IRELAND, AUSTRALIA, CANADA, JAPAN, SOUTH AFRICA
OR ANY OTHER JURISDICTION IN WHICH SUCH RELEASE, PUBLICATION OR
DISTRIBUTION WOULD BE UNLAWFUL.
THIS ANNOUNCEMENT IS FOR INFORMATION PURPOSES ONLY AND DOES NOT
ITSELF CONSTITUTE AN OFFER FOR SALE OR SUBSCRIPTION OF ANY
SECURITIES IN THE COMPANY. THIS ANNOUNCEMENT DOES NOT CONSTITUTE OR
CONTAIN ANY INVITATION, SOLICITATION, RECOMMENDATION, OFFER OR
ADVICE TO ANY PERSON TO SUBSCRIBE FOR, OTHERWISE ACQUIRE OR DISPOSE
OF ANY SECURITIES OF DEFENX PLC IN ANY JURISDICTION IN WHICH ANY
SUCH OFFER OR SOLICITATION WOULD BE UNLAWFUL.
14 August 2017
Defenx PLC
("Defenx", the "Company" or the "Group")
Offer of Secured Convertible Bonds to raise up to GBP2
million
Defenx PLC (AIM:DFX), the cyber-security software group, is
pleased to announce the opening of the Bond auction to raise up to
GBP2 million through the issue of secured convertible bonds
("Convertible Bond Issue"). The auction process will be carried out
by UK Bond Network, as agent of the Company, using its designated
website auction platform.
UK Bond Network has procured that GBP1.25 million of the
Convertible Bond Issue has been underwritten, which taken together
with the gross proceeds of GBP1.74 million raised pursuant to the
placing and subscription, announced on 7 August 2017, ensures that
the Company will receive minimum gross proceeds of, in aggregate,
GBP2.99 million to accelerate the Group's growth plans.
The live auction period will commence at 9.00 a.m. today and
will finish at 4.30 p.m. on 30 August 2017. The Convertible Bond
Issue is subject to, inter alia, the receipt of shareholder
approval of the necessary resolutions at a general meeting of the
Company to be held at 12.00 p.m. on 23 August 2017. If the
requisite resolutions are not passed, the Convertible Bond Issue
will not proceed. Further information on the Convertible Bond Issue
is set out in the first announcement on and the circular sent to
shareholders dated 7 August 2017, a copy of which is available on
the Company's website (investors.defenx.com).
Eligible investors will be required to self-certify themselves
(in each case as defined in FSMA and in accordance with the
procedure required under FSMA), as being high net worth,
sophisticated, professional or institutional investors ("Eligible
Investors"). Eligible Investors will be the only investors eligible
to participate in the Convertible Bond Issue and will need to
register as a member of UK Bond network's platform
(www.ukbondnetwork.com).
The Secured Convertible Bonds have not been made available to
the public other than Eligible Investors who are registered on UK
Bond Network's platform, and have not been offered or sold in any
jurisdiction where it would be unlawful to do so.
Enquiries
Defenx PLC
Andrea Stecconi - Chief Executive
Officer
Philipp Prince - Chief Financial
Officer 020 3769 0687
UK Bond Network
Chris Maule 020 3146 4261
IFC Advisory (Financial PR and
IR)
Tim Metcalfe / Graham Herring
/ Heather Armstrong 020 3053 8671
Strand Hanson Limited (Nominated
and Financial Adviser)
Angela Hallett / Richard Tulloch
/ Ritchie Balmer 020 7409 3494
WH Ireland (Bookrunner and Joint-Broker)
Paul Shackleton / Jessica Cave
/ James Sinclair-Ford 020 7220 1666
Beaufort Securities (Joint-Broker)
Jon Belliss 020 7382 8300
About Defenx
Founded in 2009, Defenx is a fast-growing and profitable
cyber-security software group that offers a range of Security,
Backup and Protection solutions for smartphones, PCs and
networks.
A channel sales strategy, focused on flexibility,
white-labelling and profit-share arrangements with distributors,
telecoms companies and hardware manufacturers, enables Defenx to
compete with established industry incumbents. Defenx's global
distribution partners currently include 3Italia, Türk Telecom and
Western Digital, amongst others including telecoms operators,
systems integrators and original equipment manufacturers.
Defenx was admitted to trading on AIM on 3 December 2015,
acquired Memopal Srl in August 2016 and announced a strategic
partnership with BV-Tech, an Italian IT solutions provider, in
April 2017. These have allowed the Company to diversify its product
portfolio and grow its customer base by adding proprietary cloud
backup and encryption technology as well as new channel
partners.
Web: investors.defenx.com
The information contained within this announcement is deemed by
the Company to constitute inside information as stipulated under
the Market Abuse Regulations (EU) No. 596/2014.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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