2nd Jan 2020 10:10
(Alliance News) - Defenx PLC on Thursday said BV Tech acquired more shares in the cyber-security software firm on Tuesday
The 138,353 shares were purchased at a price of 3 pence per share, the same price as the exit opportunity being offer to other Defenx shareholders by BV Tech. Following the purchase, BV Tech's shareholding in Defenx is now 79.7%.
Defenx shares were trading flat at 3.00p on Thursday morning in London.
On Friday last week, BV Tech bought 190,144 shares, and prior to that bought 831,378 shares on December 20, both at the same price of 3p per share.
The share purchases are part of an exit opportunity announced by Defenx at the start of December. This allows other shareholders in Defenx to sell their holdings to BV Tech at 3p a share.
On December 20, shareholders voted in favour of cancelling Defenx's shares from AIM from Tuesday next week. The company said the exit opportunity will remain open until Monday.
By Ife Taiwo; [email protected]
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