Defenx plc Completion of Convertible Bond Auction (4679P)
31 August 2017 - 10:30PM
UK Regulatory
TIDMDFX
RNS Number : 4679P
Defenx plc
31 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.
31 August 2017
Defenx PLC
("Defenx" or the "Company")
Completion of Convertible Bond Auction
Defenx PLC (AIM:DFX), the cyber-security software group, is
pleased to announce that, following the closing of the Convertible
Bond auction, the opening of which was announced on 14 August 2017,
the aggregate nominal amount of Convertible Bonds bid for under the
auction is GBP1.25 million. The interest rate at which the
Convertible Bonds are to be issued in accordance with the auction
is 10%.
Accordingly, the Convertible Bonds, 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 gross proceeds of, in aggregate, GBP2.99
million to accelerate the Group's growth plans.
In addition, the 156,250 Subscription Shares have been allotted
to BV-Tech and their admission to trading on AIM is expected to
take place at 8.00 a.m. tomorrow, 1 September 2017, following
which, BV Tech will hold 3,636,638 Ordinary Shares, representing
28.08% of the Enlarged Share Capital.
Following admission of the Subscription Shares, Defenx will have
12,952,354 Ordinary Shares in issue and admitted to trading on AIM.
The figure of 12,952,354 Ordinary Shares may be used by
Shareholders as the denominator for the calculations by which they
will determine whether they are required to notify their interest
in, or a change to their interest in, the share capital of Defenx
under the Financial Conduct Authority's Disclosure Guidance and
Transparency Rules. Defenx holds no Ordinary Shares in
treasury.
Capitalised terms not otherwise defined in this announcement
shall have the same meaning ascribed to such terms in the
announcement released on 7 August 2017 unless the context requires
otherwise.
Enquiries
Defenx PLC
Andrea Stecconi - Chief Executive
Officer
Philipp Prince - Chief Financial
Officer 020 3769 0687
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 (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
IOEWGUAGRUPMGPG
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