Defenx plc Offer of up to £2m of Secured Convertible Bonds (8471N)

TIDMDFX

RNS Number : 8471N

Defenx plc

14 August 2017

THIS ANNOUNCEMENT AND THE INFORMATION CONTAINED HEREIN IS RESTRICTED AND IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, REPUBLIC OF IRELAND, AUSTRALIA, CANADA, JAPAN, SOUTH AFRICA OR ANY OTHER JURISDICTION IN WHICH SUCH RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL.

THIS ANNOUNCEMENT IS FOR INFORMATION PURPOSES ONLY AND DOES NOT ITSELF CONSTITUTE AN OFFER FOR SALE OR SUBSCRIPTION OF ANY SECURITIES IN THE COMPANY. THIS ANNOUNCEMENT DOES NOT CONSTITUTE OR CONTAIN ANY INVITATION, SOLICITATION, RECOMMENDATION, OFFER OR ADVICE TO ANY PERSON TO SUBSCRIBE FOR, OTHERWISE ACQUIRE OR DISPOSE OF ANY SECURITIES OF DEFENX PLC IN ANY JURISDICTION IN WHICH ANY SUCH OFFER OR SOLICITATION WOULD BE UNLAWFUL.

14 August 2017

Defenx PLC

("Defenx", the "Company" or the "Group")

Offer of Secured Convertible Bonds to raise up to GBP2 million

Defenx PLC (AIM:DFX), the cyber-security software group, is pleased to announce the opening of the Bond auction to raise up to GBP2 million through the issue of secured convertible bonds ("Convertible Bond Issue"). The auction process will be carried out by UK Bond Network, as agent of the Company, using its designated website auction platform.

UK Bond Network has procured that GBP1.25 million of the Convertible Bond Issue has been underwritten, which taken together with the gross proceeds of GBP1.74 million raised pursuant to the placing and subscription, announced on 7 August 2017, ensures that the Company will receive minimum gross proceeds of, in aggregate, GBP2.99 million to accelerate the Group's growth plans.

The live auction period will commence at 9.00 a.m. today and will finish at 4.30 p.m. on 30 August 2017. The Convertible Bond Issue is subject to, inter alia, the receipt of shareholder approval of the necessary resolutions at a general meeting of the Company to be held at 12.00 p.m. on 23 August 2017. If the requisite resolutions are not passed, the Convertible Bond Issue will not proceed. Further information on the Convertible Bond Issue is set out in the first announcement on and the circular sent to shareholders dated 7 August 2017, a copy of which is available on the Company's website (investors.defenx.com).

Eligible investors will be required to self-certify themselves (in each case as defined in FSMA and in accordance with the procedure required under FSMA), as being high net worth, sophisticated, professional or institutional investors ("Eligible Investors"). Eligible Investors will be the only investors eligible to participate in the Convertible Bond Issue and will need to register as a member of UK Bond network's platform (www.ukbondnetwork.com).

The Secured Convertible Bonds have not been made available to the public other than Eligible Investors who are registered on UK Bond Network's platform, and have not been offered or sold in any jurisdiction where it would be unlawful to do so.

Enquiries

 
 Defenx PLC 
  Andrea Stecconi - Chief Executive 
  Officer 
  Philipp Prince - Chief Financial 
  Officer                                    020 3769 0687 
 UK Bond Network 
  Chris Maule                                020 3146 4261 
 IFC Advisory (Financial PR and 
  IR) 
  Tim Metcalfe / Graham Herring 
  / Heather Armstrong                        020 3053 8671 
 Strand Hanson Limited (Nominated 
  and Financial Adviser) 
  Angela Hallett / Richard Tulloch 
  / Ritchie Balmer                           020 7409 3494 
 WH Ireland (Bookrunner and Joint-Broker) 
  Paul Shackleton / Jessica Cave 
  / James Sinclair-Ford                      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

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August 14, 2017 02:00 ET (06:00 GMT)