Defenx plc Conversion Notice Received (4441E)
18 October 2018 - 5:01PM
UK Regulatory
TIDMDFX
RNS Number : 4441E
Defenx plc
18 October 2018
18 October 2018
Defenx PLC
("Defenx", the "Company" or the "Group")
Conversion Notice received in respect of first draw down under
the Convertible Loan
Defenx Plc (AIM: DFX), the cyber-security software group,
announces that, following receipt of EUR150,000 pursuant to the
first draw announced on 16 October 2018 (the "First Draw Down")
under the Convertible Loan with BV Tech, as announced on 2 October
2018 (the "Announcement"), the Company has received a conversion
notice from BV Tech in respect of the First Draw Down (the "First
Conversion").
As detailed in the Announcement, the Convertible Loan is
convertible, at the sole discretion of BV Tech, into new Ordinary
Shares at a price of 8.0 pence per share, subject to the relevant
resolutions being approved at the Company's upcoming AGM.
Accordingly, subject to the approval of the relevant resolutions at
the AGM, due to be held on 31 October 2018, 1,652,232 new Ordinary
Shares will be issued to BV Tech pursuant to the First Conversion
plus associated accrued interest.
On admission of the new Ordinary Shares, BV Tech will be
interested in 17,065,758 Ordinary Shares, representing
approximately 57.2 per cent. of the Company's then enlarged share
capital.
Admission
Application will be made to the London Stock Exchange for
1,652,232 new Ordinary Shares to be admitted to trading on AIM
pursuant to the First Conversion. It is expected that, subject to
approval of the relevant resolutions at the AGM, admission will
occur at 8.00 a.m. on 1 November 2018.
Following Admission, the Company's total issued share capital
will comprise 29,809,802 Ordinary Shares with voting rights. This
figure may be used by shareholders as the denominator for the
calculations by which they will determine if they are required to
notify their interest in, or a change to their interest in,
securities of the Company under the FCA's Disclosure Guidance and
Transparency Rules. The new Ordinary Shares will rank pari passu in
all respects with the existing Ordinary Shares in issue, including
the right to receive all dividends and other distributions
declared.
Capitalised terms in this announcement, unless otherwise
defined, have the same meaning as set out in the Announcement.
Enquiries
Defenx PLC
Anthony Reeves - Executive Chairman 020 3198 9414
IFC Advisory (Financial PR and IR)
Tim Metcalfe / Graham Herring / Heather Armstrong 020 3934 6630
Strand Hanson Limited (Nominated and Financial Adviser)
Richard Tulloch / Stuart Faulkner / James Bellman 020 7409 3494
WH Ireland (Broker)
Adrian Hadden 020 7220 1666
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.
investors.defenx.com
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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