Falanx Cyber Security Limited Potential Sale of Business & Final Results Status (0900N)
September 20 2023 - 6:00AM
UK Regulatory
TIDMFCS
RNS Number : 0900N
Falanx Cyber Security Limited
20 September 2023
This announcement contains inside information for the purposes
of Article 7 of the UK version of Regulation (EU) No 596/2014 which
is part of UK law by virtue of the European Union (Withdrawal) Act
2018, as amended ("MAR"). Upon the publication of this announcement
via a Regulatory Information Service, this inside information is
now considered to be in the public domain.
FALANX CYBER SECURITY LIMITED
("Falanx" or the "Company")
Potential Sale of Business Assets and Final Results Status
Falanx Cyber Security Limited (AIM: FCS), announces it is in in
advanced negotiations for the sale of its cyber security division
(the "Sale"). Consequently, the Group will not be in a position to
release audited results for the year ended 31 March 2023 ("FY23")
by 30 September 2023 as required under AIM Rule 19 of the AIM Rules
for Companies. As a result, trading in the Company's shares will be
suspended with effect from 7:30am on 2 October 2023 until such time
as the audited results are published and sent to shareholders.
Whilst negotiations are at an advanced stage there can be no
certainty that the Company will complete the Sale. If the Sale were
to proceed it would be classified as a fundamental disposal under
the AIM Rule 15 and, as a result, would be subject to shareholders'
approval.
A further announcement regarding the Sale and the production and
timing of the final results will be made in due course.
Enquiries:
Falanx Cyber Security Limited Via IFC
Alex Hambro Chairman
Mike Read CEO
Ian Selby CFO
WH Ireland
Mike Coe/ Sarah Mather (Nomad)
Fraser Marshall (Corporate Broking) + 44 (0) 207 220 1666
IFC Advisory Ltd
Financial PR & IR
Graham Herring / Zach Cohen +44 (0) 203 934 6630
About Falanx
Falanx Cyber Security Limited is a cyber security services
provider, offering enterprise-class offensive and defensive
security solutions to Small and Medium-sized Enterprises (SMEs).
For further information visit: www.falanxcyber.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.
RNS may use your IP address to confirm compliance with the terms
and conditions, to analyse how you engage with the information
contained in this communication, and to share such analysis on an
anonymised basis with others as part of our commercial services.
For further information about how RNS and the London Stock Exchange
use the personal data you provide us, please see our Privacy
Policy.
END
MSCBGGDCUDDDGXG
(END) Dow Jones Newswires
September 20, 2023 07:00 ET (11:00 GMT)
Falanx Cyber Security (LSE:FCS)
Historical Stock Chart
From Nov 2024 to Dec 2024
Falanx Cyber Security (LSE:FCS)
Historical Stock Chart
From Dec 2023 to Dec 2024