Defenx PLC (LON:DFX)

Defenx PLC (LON:DFX)

Share Price
4.35 p
0 (0.00 %)
Market Cap
£1.68 m
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Defenx PLC RNS Release

Further Drawn Down of Loan

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 €500,000 following a further drawn down of the unsecured loan of €950,000 (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, €300,000 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.




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.




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.

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 [email protected] or visit

Defenx PLC Timeline

October 25 2017
January 03 2017
August 02 2016
April 19 2016

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