Gráfica de Acción Histórica
2 meses : De Oct 2019 a Dic 2019
RNS Number : 0643S
04 November 2019
4 November 2019
("Defenx", the "Company" or the "Group")
Proposed cancellation of admission to trading on AIM
Delisting and Cancellation of admission to trading on AIM
Defenx PLC (AIM: DFX), the cyber-security software group, announces that it intends to seek shareholder approval to cancel the admission of its ordinary shares of 1.8 pence each in the capital of the Company ("Ordinary Shares") to trading on the AIM Market of the London Stock Exchange (the "Cancellation").
The Company intends to publish a circular, during November 2019, detailing the Cancellation and convening a general meeting of its shareholders to approve the Cancellation to take place in December 2019 / January 2020.
The Cancellation will be conditional upon the consent of not less than 75% of votes cast by Defenx's shareholders at the general meeting. The board of the Company (the "Board") notes that BV Tech S.p.A. ("BV Tech"), the Company's majority shareholder, has a current interest in 67.1% of the Company's issued share capital and BV Tech has indicated that it will enter into an irrevocable undertaking to vote in favour of the Cancellation.
Subject to shareholder approval, it is expected that the Cancellation will take effect during December 2019 or January 2020.
Board and Nominated Adviser Update
In order to implement the Cancellation, Strand Hanson Limited has agreed to continue as the Company's Nominated Adviser until the Cancellation, provided this takes place prior to 13 January 2020.
In addition, Tony Reeves and Nic Hellyer have both expressed their willingness to remain in their current roles as directors of the Company until the Cancellation. The Board has also agreed that no further changes will be made to the Board until after the general meeting to approve the Cancellation.
The Company will keep shareholders updated with regard to these matters and further announcements will be made as and when appropriate.
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
(Broker to the Company)
Adrian Hadden 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.
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(END) Dow Jones Newswires
November 04, 2019 02:00 ET (07:00 GMT)