TIDMDFX

RNS Number : 5635X

Defenx plc

20 December 2019

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.

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

HOLLLFITFFLALIA

(END) Dow Jones Newswires

December 20, 2019 02:00 ET (07:00 GMT)

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