Defenx plc Update on Trading and Financial Position (6645U)
July 16 2018 - 1:00AM
UK Regulatory
TIDMDFX
RNS Number : 6645U
Defenx plc
16 July 2018
16 July 2018
Defenx PLC
("Defenx", the "Company" or the "Group")
Update on Trading and Financial Position
The Company provides the following update with regards to its
trading and financial position.
Further to the Company's announcement of 6 April 2018, the
conversion of new corporate opportunities into firm orders is
taking even longer than previously anticipated. As a result of this
delay, the Company believes that it only has sufficient working
capital to continue trading through to September 2018.
Accordingly, the Company is in advanced discussions with BV Tech
S.p.A, the Company's majority shareholder, to secure funding to
assist the Company in meeting its working capital requirements.
Further to the announcement of 29 June 2018, the Company
continues to seek to finalise its audited annual report and
accounts for the year ended 31 December 2017.
Further announcements will be made in due course.
Enquiries
Defenx PLC
Anthony Reeves - Executive Chairman
Clive Eplett - Interim Chief Financial Officer 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)
Angela Hallett / Richard Tulloch / Stuart Faulkner 020 7409 3494
WH Ireland (Broker)
Adrian Hadden / Alex Bond 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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July 16, 2018 02:00 ET (06:00 GMT)
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