20th Dec 2019 07:00
20 December 2019
Defenx PLC
("Defenx", the "Company" or the "Group")
Notification of Interest re Exit Opportunity
Defenx PLC (AIM: DFX), the cyber-security software group, announces that, further to BV Tech's announcement on 4 December 2019 of the Exit Opportunity to Minority Shareholders, the Company has been notified by BV Tech that it acquired a further 200,186 and 41,250 Ordinary Shares on 18 and 19 December 2019 respectively at 3 pence per share, being the purchase price pursuant to the Exit Opportunity.
Following the purchase of such Ordinary Shares, BV Tech is now interested in 29,360,459 Ordinary Shares, representing approximately 75.85 per cent. of the existing issued Ordinary Shares and voting rights in the Company. Accordingly, in light of BV Tech's shareholding being over 75% of the Company's issued share capital and pursuant to the irrevocable undertaking provided by BV Tech to vote in favour of the Resolutions to be proposed at the Company's forthcoming General Meeting on 20 December 2019, the Directors believe the Cancellation will now be approved.
Unless otherwise defined herein, capitalised terms used in this announcement shall have the same meaning as those used in the Company's announcement of 4 December 2019.
Enquiries
Defenx PLC Anthony Reeves - Interim Executive Chairman | 020 3198 9414 |
Strand Hanson Limited (Nominated and Financial Adviser to the Company) Richard Tulloch / Stuart Faulkner / James Bellman | 020 7409 3494 |
WH Ireland (Broker to the Company) Adrian Hadden / James Sinclair-Ford Melvyn Brown (Sales & Trading) | 020 7220 1666 |
IFC Advisory (Financial PR and IR) Tim Metcalfe / Graham Herring / Florence Chandler | 020 3934 6630 |
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.
Related Shares:
DFX.L