Result of Placing and Subscription

THIS ANNOUNCEMENT AND THE INFORMATION CONTAINED HEREIN IS RESTRICTED AND IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, REPUBLIC OF IRELAND, AUSTRALIA, CANADA, JAPAN, SOUTH AFRICA OR ANY OTHER JURISDICTION IN WHICH SUCH RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL.

7 August 2017

Defenx PLC("Defenx" or the "Company")

Confirmation of successful £1.425 million fundraise

Defenx PLC (AIM:DFX), the cyber-security software group, is pleased to announce that, following the announcement of earlier today ("Announcement"), the Company has raised a total of £1.425 million (before expenses) with new and existing investors through the subscription of 734,375 Placing Shares and 156,250 Subscription Shares at a price of 160 pence per share.

BV Tech S.p.A has agreed to subscribe for 156,250 New Ordinary Shares pursuant to the Subscription. BV Tech S.p.A is a related party of the Company for the purposes of the AIM Rules by virtue of its status as a substantial shareholder of the Company. The independent Directors, being the Directors other than Raffaele Boccardo and Franco Francione, consider, having consulted with the Company's nominated adviser, Strand Hanson Limited, that the terms of the Subscription by BV Tech, reflecting those of the Placing, are fair and reasonable insofar as the Company's shareholders are concerned.

The Placing, which was led by WH Ireland, is subject to the terms and conditions set out in the Appendix to the announcement made earlier today and is conditional, inter alia, on admission of the Placing Shares to trading on AIM.

Application will be made for admission of the 734,375 Placing Shares to trading on AIM and it is expected that Admission will take place at 8.00 a.m. on 11 August 2017. Application will also be made for admission of the 156,250 Subscription Shares to trading on AIM and it is expected that admission of those shares will take place at 8.00 a.m. on 1 September 2017.

Following Admission, Defenx will have 12,597,167 Ordinary Shares in issue and admitted to trading on AIM. Following admission of the Subscription Shares to trading on AIM, Defenx will have 12,753,417 Ordinary Shares in issue and admitted to trading on AIM. The figures, therefore, of 12,597,167 Ordinary Shares and 12,753,417 Ordinary Shares respectively may be used by Shareholders, from the appropriate time, as the denominator for the calculations by which they will determine whether they are required to notify their interest in, or a change to their interest in, the share capital of Defenx under the Financial Conduct Authority's Disclosure Guidance and Transparency Rules. Defenx holds no Ordinary Shares in treasury.

Andrea Stecconi, CEO of Defenx, commented: 

"I am delighted with the continued support of our shareholders. These funds will enable us to bring forward future plans with a coordinated investment in our product portfolio, delivery and sales capacity over the next 12 months to accelerate growth in existing and corporate markets and de-risk the Group's operations. I look forward to reporting on our progress later in the year."

Capitalised terms not otherwise defined in this announcement shall have the same meaning ascribed to such terms in the announcement released earlier today unless the context requires otherwise.

Enquiries

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.