Defenx plc Further Drawn Down of Loan (2737M)
04 Enero 2019 - 08:30AM
UK Regulatory
TIDMDFX
RNS Number : 2737M
Defenx plc
04 January 2019
4 January 2019
Defenx PLC
("Defenx", the "Company" or the "Group")
Further draw down under the Loan and associated conversion
notice
Defenx Plc (AIM: DFX), the cyber-security software group,
announces that, it has now received EUR500,000 following a further
drawn down of the unsecured loan of EUR950,000 (the "Loan")
provided by BV Tech S.p.A. ("BV Tech"), the Company's majority
shareholder as announced on 2 October 2018 (the
"Announcement").
The funds will be used to provide general working capital to the
Group and following receipt of the above funds, EUR300,000 remains
available to be drawn under the Loan.
As detailed in the Announcement, the Loan is convertible, at the
sole discretion of BV Tech, into new ordinary shares of 1.8 pence
each in the Company ("Ordinary Shares") at a price of 8 pence per
share.
The Company has received a conversion notice in respect of the
further draw down and accordingly, 5,631,250 new Ordinary Share
will be issued to BV Tech pursuant to the conversion notice.
On admission of the new Ordinary Shares, BV Tech will be
interested in 22,697,008 Ordinary Shares, representing
approximately 64.0 per cent. of the Company's then enlarged share
capital.
Admission
Application will be made to the London Stock Exchange for
5,631,250 new Ordinary Shares to be admitted to trading on AIM
pursuant to the conversion. It is expected that admission will
occur at 8.00 a.m. on 11 January 2019.
Following Admission, the Company's total issued share capital
will comprise 35,441,052 Ordinary Shares with voting rights. This
figure may be used by shareholders as the denominator for the
calculations by which they will determine if they are required to
notify their interest in, or a change to their interest in,
securities of the Company under the FCA's Disclosure Guidance and
Transparency Rules. The new Ordinary Shares will rank pari passu in
all respects with the existing Ordinary Shares in issue, including
the right to receive all dividends and other distributions
declared.
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
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
CONZMGGMDDMGLZM
(END) Dow Jones Newswires
January 04, 2019 09:30 ET (14:30 GMT)
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