Defenx plc Result of Placing and Subscription (2580N)
August 07 2017 - 2:09AM
UK Regulatory
TIDMDFX
RNS Number : 2580N
Defenx plc
07 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.
7 August 2017
Defenx PLC
("Defenx" or the "Company")
Confirmation of successful GBP1.425 million fundraise
Defenx PLC (AIM:DFX), the cyber-security software group, is
pleased to announce that, following the announcement of earlier
today ("Announcement"), the Company has raised a total of GBP1.425
million (before expenses) with new and existing investors through
the subscription of 734,375 Placing Shares and 156,250 Subscription
Shares at a price of 160 pence per share.
BV Tech S.p.A has agreed to subscribe for 156,250 New Ordinary
Shares pursuant to the Subscription. BV Tech S.p.A is a related
party of the Company for the purposes of the AIM Rules by virtue of
its status as a substantial shareholder of the Company. The
independent Directors, being the Directors other than Raffaele
Boccardo and Franco Francione, consider, having consulted with the
Company's nominated adviser, Strand Hanson Limited, that the terms
of the Subscription by BV Tech, reflecting those of the Placing,
are fair and reasonable insofar as the Company's shareholders are
concerned.
The Placing, which was led by WH Ireland, is subject to the
terms and conditions set out in the Appendix to the announcement
made earlier today and is conditional, inter alia, on admission of
the Placing Shares to trading on AIM.
Application will be made for admission of the 734,375 Placing
Shares to trading on AIM and it is expected that Admission will
take place at 8.00 a.m. on 11 August 2017. Application will also be
made for admission of the 156,250 Subscription Shares to trading on
AIM and it is expected that admission of those shares will take
place at 8.00 a.m. on 1 September 2017.
Following Admission, Defenx will have 12,597,167 Ordinary Shares
in issue and admitted to trading on AIM. Following admission of the
Subscription Shares to trading on AIM, Defenx will have 12,753,417
Ordinary Shares in issue and admitted to trading on AIM. The
figures, therefore, of 12,597,167 Ordinary Shares and 12,753,417
Ordinary Shares respectively may be used by Shareholders, from the
appropriate time, 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.
Andrea Stecconi, CEO of Defenx, commented:
"I am delighted with the continued support of our shareholders.
These funds will enable us to bring forward future plans with a
coordinated investment in our product portfolio, delivery and sales
capacity over the next 12 months to accelerate growth in existing
and corporate markets and de-risk the Group's operations. I look
forward to reporting on our progress later in the year."
Capitalised terms not otherwise defined in this announcement
shall have the same meaning ascribed to such terms in the
announcement released earlier today 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
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
IOELIFIDTDIDIID
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