24th Dec 2019 11:21
(Alliance News) - Cyber-security software firm Defenx PLC said Tuesday that major shareholder BV Tech has bought further shares in the company, bringing its total holding to 30.5 million shares, reflecting a 79% controlling interest.
On Friday last week, BV Tech bought 831,378 shares, and another 321,858 shares on Monday, at a price of 3.0 per share.
The share purchases are part of Defenx's exit opportunity, which allows other shareholders in Defenx to sell their holdings to BV Tech for the set price 3.0 pence each.
On Friday last week, shareholders voted in favour of cancelling Defenx's shares from AIM on January 7. The exit opportunity will remain open until January 6.
Shares in Defenx were untraded in London on Tuesday, last quoted at 2.83p.
By Dayo Laniyan; [email protected]
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