Falanx (LSE:FLX)
Historical Stock Chart

From Apr 2019 to Apr 2024

TIDMFLX

RNS Number : 6558T

Falanx Group Limited

22 March 2019

Falanx Group Limited

("Falanx" or the "Company")

Change of Adviser

Falanx Group Limited ("Falanx" or the "Company") the AIM listed provider of Cyber Security and Strategic Intelligence services is pleased to announce that Stifel Nicolaus Europe Limited ("Stifel") has been appointed as Nominated Adviser and Joint Broker with immediate effect. The board believes that Stifel's dedicated cyber security expertise, transatlantic presence and full investment bank capability will support Falanx in the next phase of its growth.

Both of Falanx's divisions experienced strong organic revenue growth in the third quarter of the year to 31 March 2019. Following the institutional fundraising in November 2018, the Company's cash balances remain strong and are able to support its next phase of growth.

Mike Read Chairman and CEO commented

"We have made significant progress through the year and have put in place strong foundations for the future. As part of this review we are pleased to have engaged Stifel, and their dedicated sector expertise and full advisory services will help support our growth plans. I want to also thank the team at Spark Advisory Partners Limited for their support, guidance and help over the last two years."

Enquiries:

 
 Falanx Group Limited                    Via IFC 
  Mike Read, Chairman and CEO 
 Stifel Nicolaus Europe Limited, 
  NOMAD and Joint Broker 
  Fred Walsh / Alex Price / Neil Shah 
  / Luisa Orsini Baroni                  + 44 (0) 207 710 7600 
                                        ---------------------- 
 Turner Pope International Limited, 
  Joint Broker 
  James Pope / Ben Turner                +44 (0) 203 621 4120 
                                        ---------------------- 
 IFC Advisory Ltd 
  Financial PR & IR 
  Graham Herring / Miles Nolan / Zach 
  Cohen                                  +44 (0) 203 934 6630 
                                        ---------------------- 
 

About Falanx

Falanx Group Limited, is a global intelligence and cyber defence provider working with blue chip and government clients. For more information: http://www.falanx.com/

About Stifel

   --      Stifel is a leading full-service middle-market investment bank, based in the City of London 

-- Wholly owned by U.S. listed Stifel Financial Corp, Stifel provides a bulge bracket range of services to middle-market clients through corporate broking, equity capital markets, debt capital markets, and mergers & acquisitions

Stifel in Europe has raised GBP3bn of equity for clients since 2018 and acts as corporate broker to approximately 70 clients. They cover 12 industry groups, (including dedicated professionals in cyber security), through around 80 people in Investment Banking and have access to more than 3,000 institutional investors globally

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

APPKMGZFLMFGLZM

(END) Dow Jones Newswires

March 22, 2019 03:01 ET (07:01 GMT)