Defenx plc Delisting from AIM & Result of Exit Opportunity (9064Y)

TIDMDFX

RNS Number : 9064Y

Defenx plc

06 January 2020

6 January 2020

Defenx PLC

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

Delisting from AIM

Result of Exit Opportunity

Further to the Company's announcement of 4 December 2019, and subsequent approval by Shareholders of the Cancellation at the General Meeting on 20 December 2019, the Company confirms that admission to trading on AIM of the Company's Ordinary Shares will be cancelled at 7.00 a.m. tomorrow, 7 January 2020.

Result of Exit Opportunity

The Company has also been informed by BV Tech that, further to BV Tech's announcement of 4 December 2019 regarding the Exit Opportunity, which closed at 1.00 p.m. today, BV Tech has purchased, in aggregate, 8,070,059 Ordinary Shares pursuant to the Exit Opportunity and is now interested in a total of 34,034,909 Ordinary Shares, representing approximately 87.9 per cent. of the existing issued Ordinary Shares and voting rights in the Company.

Further details of the Cancellation are set out in the Circular posted to shareholders and available on the Company's website at https://investors.defenx.com.

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 [e-mail] or visit www.rns.com.

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(END) Dow Jones Newswires

January 06, 2020 12:09 ET (17:09 GMT)