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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Defenx Plc | LSE:DFX | London | Ordinary Share | GB00BYNF4J61 | ORD GBP0.018 |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 1.60 | 0.50 | 2.70 | 0.00 | 01:00:00 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| 0 | 0 | N/A | 0 |
From Apr 2019 to Apr 2024
TIDMDFX
RNS Number : 6645U
Defenx plc
16 July 2018
16 July 2018
Defenx PLC
("Defenx", the "Company" or the "Group")
Update on Trading and Financial Position
The Company provides the following update with regards to its trading and financial position.
Further to the Company's announcement of 6 April 2018, the conversion of new corporate opportunities into firm orders is taking even longer than previously anticipated. As a result of this delay, the Company believes that it only has sufficient working capital to continue trading through to September 2018.
Accordingly, the Company is in advanced discussions with BV Tech S.p.A, the Company's majority shareholder, to secure funding to assist the Company in meeting its working capital requirements.
Further to the announcement of 29 June 2018, the Company continues to seek to finalise its audited annual report and accounts for the year ended 31 December 2017.
Further announcements will be made in due course.
Enquiries
Defenx PLC Anthony Reeves - Executive Chairman Clive Eplett - Interim Chief Financial Officer 020 3198 9414 IFC Advisory (Financial PR and IR) Tim Metcalfe / Graham Herring / Heather Armstrong 020 3934 6630 Strand Hanson Limited (Nominated and Financial Adviser) Angela Hallett / Richard Tulloch / Stuart Faulkner 020 7409 3494 WH Ireland (Broker) Adrian Hadden / Alex Bond 020 7220 1666
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.
investors.defenx.com
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
TSTRIMFTMBIBBFP
(END) Dow Jones Newswires
July 16, 2018 02:00 ET (06:00 GMT)
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