Defenx plc Appointment of Director (9003F)

TIDMDFX

RNS Number : 9003F

Defenx plc

23 May 2017

23 May 2017

Defenx PLC

("Defenx" or the "Company")

Appointment of Director

Defenx PLC (AIM:DFX), the cyber-security software group, is pleased to announce that, pursuant to the strategic partnership with BV-Tech SpA ("BV-Tech") announced on 11 April 2017, Franco Francione, the CFO of BV-Tech, has been appointed as a Non-Executive Director of the Company with immediate effect.

Mr Francione has 30 years' experience in finance and administration and joined BV-Tech in March 2017. He started his career in treasury management. In 2001, he moved to Segesta SpA, now part of the Euronext-listed Korian Group, a European leader in services to the elderly. At Segesta, Mr Francione was CFO and Real Estate Director responsible for finance, treasury, purchasing, administration, estates and M&A, and sat on 26 subsidiary boards. He speaks Italian and English.

Andrea Stecconi, Chief Executive Officer of Defenx, commented:

"I am delighted that Franco has joined the board of Defenx. I am also pleased that Franco has agreed to join the Audit Committee, where his career experience and financial expertise will no doubt support the committee's work."

Additional information on Mr Francione

The following additional information is provided in accordance with paragraph (g) of Schedule Two to the AIM Rules for Companies:

Current and past Directorships for Franco Bruno Francione, aged 53:

 
 Current                  Previous (last five years) 
 BV-Tech Spa              Aurea Salus Srl                                             Platinum Spa 
 Linus Srl                Cappuccine Srl                                              Rean Srl 
 Optinet Srl              Care Service Spa                                            Residenza Formigine Srl 
 Privatewave Italia Srl   Centro Riabilitativo Comunita Terapeutica Il Gabbiano Srl   Residenza I Platani Srl 
                          Croce di Malta Srl                                          Residenze Heliopolis Srl 
                          Data Dominus Srl                                            Residenze Le Magnolie Srl 
                          Dr. Alberto Bocchi Spa                                      Rsa Villa Anna Srl 
                          Elia Domus Srl                                              Segesta Gestioni Srl 
                          Gli Oleandri Srl                                            Segesta Latina Spa 
                          Heraclia Srl                                                Segesta Mediterranea Srl 
                          I Platani Srl                                               Segesta Spa 
                          Il Ciliegio Srl                                             Segesta2000 Srl 
                          Il Faggio Srl                                               Villa Delle Terme Spa 
                          Kinetika Sardegna Srl                                       Villa San Clemente Srl 
                          Le Palme Srl                                                Villa San Fortunato Srl 
                          Marta Spa                                                   Vittoria Srl 
                          Mosaico Home Care Srl 
 

Mr Francione is a director of BV-Tech, which holds 3,480,388 ordinary shares representing approximately 29.6 per cent. of the Company's issued share capital. Mr Francione owns no shares in the Company personally.

There is no further information required to be disclosed pursuant to Schedule 2(g) of the AIM Rules.

Enquiries

 
 Defenx PLC 
  Andrea Stecconi - Chief Executive Officer 
  Philipp Prince - Chief Financial Officer     020 3769 0687 
 IFC Advisory (Financial PR and IR) 
  Tim Metcalfe / Graham Herring / Heather 
  Armstrong                                    020 3053 8671 
 Strand Hanson Limited (Nominated and 
  Financial Adviser) 
  Richard Tulloch / Ritchie Balmer / 
  James Bellman                                020 7409 3494 
 WH Ireland (Joint-Broker) 
  Adrian Hadden / Nick Prowting                020 7220 1666 
 Beaufort Securities (Joint-Broker) 
  Jon Belliss                                  020 7382 8300 
 

About Defenx

Founded in 2009, Defenx is a fast-growing and profitable cyber-security software group that offers a range of Security, Backup and Protection solutions for smartphones, PCs and networks.

A channel sales strategy, focused on flexibility, white-labelling and profit-share arrangements with distributors, telecoms companies and hardware manufacturers, enables Defenx to compete with established industry incumbents. Defenx's global distribution partners currently include 3Italia, Türk Telecom and Western Digital, amongst others including telecoms operators, systems integrators and original equipment manufacturers.

Defenx was admitted to trading on AIM on 3 December 2015, acquired Memopal Srl in August 2016 and announced a strategic partnership with BV-Tech, an Italian IT solutions provider, in April 2017. These have allowed the Company to diversify its product portfolio and grow its customer base by adding proprietary cloud backup and encryption technology as well as new channel partners.

Web: investors.defenx.com

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 company news service from the London Stock Exchange

END

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May 23, 2017 02:02 ET (06:02 GMT)