6th Jan 2020 18:53
(Alliance News) - Defenx PLC on Monday confirmed that admission to trading on AIM of its shares will be cancelled on Tuesday.
The cyber security software firm said that BV Tech SpA has purchased, in aggregate, 8 million shares pursuant to the exit opportunity and is now interested in a total of 34 million shares, representing 88% of the existing issued shares and voting rights in the company.
At the beginning of December, BV Tech said that "exit opportunity" would allow Defenx shareholders to dispose of their shares to BV Tech - which at the time had a 67% stake - at 3.00 pence each.
In a separate statement, BV Tech said it has received acceptances in relation to GBP242,000 of secured and convertible bonds and is now interested in over GBP1.0 million of bonds.
BV Tech has extended the period for the acceptance of the bond offer, on the same terms, until February 7.
Defenx shares closed 29% lower in London at 2.00p each on Monday.
By Loreta Juodagalvyte; [email protected]
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