Falanx Group Limited Proposed Placing to raise up to £2 million (1229E)

TIDMFLX

RNS Number : 1229E

Falanx Group Limited

04 May 2017

THIS ANNOUNCEMENT, INCLUDING THE INFORMATION INCLUDED IN IT, IS NOT FOR PUBLICATION, RELEASE OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO FROM, OR TO PERSONS IN, THE UNITED STATES OF AMERICA ("UNITED STATES"), AUSTRALIA, CANADA, JAPAN, THE REPUBLIC OF IRELAND AND THE REPUBLIC OF SOUTH AFRICA OR ANY OTHER JURISDICTION IN WHICH IT WOULD BE UNLAWFUL TO DO SO UNLESS PERMITTED PURSUANT TO AN EXEMPTION UNDER THE RELEVANT LOCAL LAW OR REGULATION IN ANY SUCH JURISDICTION. PLEASE SEE THE IMPORTANT NOTICE AT THE END OF THIS ANNOUNCEMENT.

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION AS STIPULATED UNDER THE MARKET ABUSE REGULATION. UPON THE PUBLICATION OF THIS ANNOUNCEMENT, THIS INSIDE INFORMATION IS NOW CONSIDERED TO BE IN THE PUBLIC DOMAIN AND SHALL THEREFORE CEASE TO BE INSIDE INFORMATION.

THIS ANNOUNCEMENT DOES NOT CONSTITUTE AN OFFERING OF, OR SOLICITATION TO PURCHASE OR SUBSCRIBE, SECURITIES IN THE COMPANY.

Falanx Group Limited

("Falanx" or "the Company")

Proposed Placing to raise up to GBP2 million

Falanx Group (AIM:FLX), the global intelligence, security and cyber defence provider, is pleased to announce it intends to raise up to GBP2 million, before expenses via a placing of New Ordinary Shares ("the Placing Shares") at a Placing Price of 6.875 pence per Ordinary Share.

The Placing Shares will, when issued, rank pari passu in all respects with the existing Ordinary Shares, including the right to receive dividends and other distributions declared following Admission.

Application will be made to the London Stock Exchange for the admission of the Placing Shares to trading on AIM. Admission is expected to take place on or around 8.00 a.m. on 10 May 2017.

Enquiries:

 
 Falanx Group Limited               www.falanx.com 
  Stuart Bladen, Chief Executive 
  Officer 
 SPARK Advisory Partners 
  Limited 
  Nominated Adviser 
  Matt Davis / James Keeshan        [phone] 
 Whitman Howard Limited 
  Broker 
  Nick Lovering / Francis 
  North                             [phone] 
 

About Falanx

Falanx Group Limited, is a global intelligence and cyber defence provider working with blue chip and government clients. The Group listed on AIM in June 2013 under ticker FLX For more information: http://www.falanx.com/

This information is provided by RNS

The company news service from the London Stock Exchange

END

MSCOKNDPKBKBQPK

(END) Dow Jones Newswires

May 04, 2017 02:02 ET (06:02 GMT)