16th Oct 2018 12:45
16 October 2018
Defenx PLC
("Defenx", the "Company" or the "Group")
First draw down under the Convertible Loan
Defenx Plc (AIM: DFX), the cyber-security software group, announces that, pursuant to the announcement of 2 October 2018 (the "Announcement"), it has received the funds under the first draw down of €150,000 pursuant to the Convertible Loan with BV Tech. The remaining €800,000 available under the Convertible Loan will be available to be drawn down in full, or in part, 45 days from 1 October 2018.
As detailed in the Announcement, the Convertible Loan will be convertible, at the sole discretion of BV Tech, into new Ordinary Shares at a price of 8 pence per share, subject to the relevant resolutions being approved at the Company's upcoming AGM.
Capitalised terms in this announcement, unless otherwise defined, have the same meaning as set out in the Announcement.
Enquiries
Defenx PLC Anthony Reeves - Executive Chairman
| 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) Richard Tulloch / Stuart Faulkner / James Bellman
| 020 7409 3494 |
WH Ireland (Broker) Adrian Hadden | 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
Related Shares:
DFX.L