Falanx Group Limited Result of AGM (1238J)

TIDMFLX

RNS Number : 1238J

Falanx Group Limited

08 December 2022

8 December 2022

FALANX GROUP LIMITED

("Falanx" or the "Company")

Result of AGM

Update on Share Reorganisation and Change of Name

Total Voting Rights

Falanx Group Limited (AIM: FLX), the global cyber security provider, announces that at the Annual General Meeting ("AGM") held earlier today, all resolutions were passed. Details of the resolutions were set out in the notice of AGM dated 15 November 2022 and results of the proxy voting are set out below.

All capitalised terms in this announcement are as defined in the Notice of AGM which, are available on the

Company's website,   falanxcyber.com. 

Change of name and TIDM

Further to the notice of AGM and following the passing of Resolution 9, the Company's name will change to Falanx Cyber Security Limited and the tradeable instrument display mnemonic ("TIDM") of the Company will be changed to "FCS". This is expected to become effective from 8.00 a.m. on 12 December 2022.

Share Reorganisation

Further to the notice of AGM and following the passing of Resolution 10, the Company will be undertaking a consolidation of shares.

Under the Consolidation, 15 Ordinary Shares will be issued to ensure that as part of the Consolidation an exact whole number of New Ordinary Shares will be issued. At the Record Date, being 6 p.m. on 20 December 2022, the 526,421,185 Existing Ordinary Shares will be consolidated into 5,264,212 New Ordinary Shares on the basis of one New Ordinary Share for every 100 Existing Ordinary Shares.

Application will be made for the 5,264,212 New Ordinary Shares to be admitted to trading on AIM. Dealings are expected to commence at 8 a.m. on 20 December 2022. The New Ordinary Shares will trade under the ISIN: VGG3338A1158.

Existing share certificates will cease to be valid following the Share Reorganisation. New share certificates in respect of the New Ordinary Shares will be issued by first class post at the risk of the Shareholder within 10 business days of Admission. CREST Shareholders are expected to have their CREST account credited with their New Ordinary Shares following Admission on 20 December 2022.

Total Voting Rights

In accordance with the provisions of the Disclosure and Transparency Rules of the Financial Conduct Authority, the Company confirms that, following the Share Reorganisation, its issued share capital will comprise 5,264,212 new ordinary shares of no par value. All of the Ordinary Shares have equal voting rights and none of the Ordinary Shares are held in Treasury. The total number of voting rights in the Company is therefore 5,264,212. This figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the share capital of the Company under the Disclosure and Transparency Rules.

The expected timetable for implementation of the proposals is as follows:

 
 Record Date for the Share Reorganisation     6 p.m. on 19 December 
                                                               2022 
 Admission and dealings in the New Ordinary        20 December 2022 
  Shares expected to commence on AIM 
                                             ---------------------- 
 Expected date for CREST accounts to               20 December 2022 
  be credited for the New Ordinary Shares 
  to be held in uncertified form 
                                             ---------------------- 
 Despatch of definitive share certificates       within 10 business 
  in respect of the New Ordinary Shares           days of Admission 
  to be held in certificated form, if 
  applicable 
                                             ---------------------- 
 

(Notes)

(1. Each of the times and dates above are indicative only and if any of the details contained in the timetable above should change, the revised times and dates will be notified to Shareholders by means of an announcement through a Regulatory Information Service.)

(2. All of the above times refer to London time unless otherwise stated.)

AGM Result

 
                              For                  Against              Discretion         Votes Withheld          For + Discretion 
      Description       Votes      % Votes     Votes      % Votes   Votes    % Votes     Votes   Total Votes      Votes       % Votes 
                                    Cast                   Cast                Cast              Cast (excl.                    Cast 
                                                                                                    Votes 
                                                                                                  Withheld) 
     -------------  ------------  --------  -----------  --------  ------  -----------  ------  ------------  ------------  ----------- 
      REPORTS AND 
  1   ACCOUNTS       131,103,945     99.72      373,450      0.28       0         0.00       0   131,477,395   131,103,945        99.72 
     -------------  ------------  --------  -----------  --------  ------  -----------  ------  ------------  ------------  ----------- 
      RE-APPOINT 
  2   AUDITORS       131,103,945     99.72      373,450      0.28       0         0.00       0   131,477,395   131,103,945        99.72 
     -------------  ------------  --------  -----------  --------  ------  -----------  ------  ------------  ------------  ----------- 
      REMUNERATION 
  3   OF AUDITORS    131,103,945     99.72      373,450      0.28       0         0.00       0   131,477,395   131,103,945        99.72 
     -------------  ------------  --------  -----------  --------  ------  -----------  ------  ------------  ------------  ----------- 
      REMUNERATION 
  4   REPORT          97,770,612     74.36   33,706,783     25.64       0         0.00       0   131,477,395    97,770,612        74.36 
     -------------  ------------  --------  -----------  --------  ------  -----------  ------  ------------  ------------  ----------- 
      RE-ELECT 
  5   ALEX HAMBRO     97,770,612     74.36   33,706,783     25.64       0         0.00       0   131,477,395    97,770,612        74.36 
     -------------  ------------  --------  -----------  --------  ------  -----------  ------  ------------  ------------  ----------- 
      RE-ELECT IAN 
  6   SELBY          131,103,945     99.72      373,450      0.28       0         0.00       0   131,477,395   131,103,945        99.72 
     -------------  ------------  --------  -----------  --------  ------  -----------  ------  ------------  ------------  ----------- 
      RE-ELECT 
  7   RICK FLOOD     131,103,945     99.72      373,450      0.28       0         0.00       0   131,477,395   131,103,945        99.72 
     -------------  ------------  --------  -----------  --------  ------  -----------  ------  ------------  ------------  ----------- 
      RE-ELECT 
      WILLIAM 
  8   KILMER         131,103,945     99.72      373,450      0.28       0         0.00       0   131,477,395   131,103,945        99.72 
     -------------  ------------  --------  -----------  --------  ------  -----------  ------  ------------  ------------  ----------- 
      CHANGE OF 
  9   NAME           131,103,945     99.72      373,450      0.28       0         0.00       0   131,477,395   131,103,945        99.72 
     -------------  ------------  --------  -----------  --------  ------  -----------  ------  ------------  ------------  ----------- 
      ARTICLES OF 
 10   ASSOCIATION    131,103,945     99.72      373,450      0.28       0         0.00       0   131,477,395   131,103,945        99.72 
     -------------  ------------  --------  -----------  --------  ------  -----------  ------  ------------  ------------  ----------- 
      ALLOT AND 
      ISSUE ORD 
 11   SHARE          131,103,945     99.72      373,450      0.28       0         0.00       0   131,477,395   131,103,945        99.72 
     -------------  ------------  --------  -----------  --------  ------  -----------  ------  ------------  ------------  ----------- 
      ALLOT/ISSUE 
      ORD SHR 
 12   CAPEX          131,098,445     99.72      373,450      0.28       0         0.00   5,500   131,471,895   131,098,445        99.72 
     -------------  ------------  --------  -----------  --------  ------  -----------  ------  ------------  ------------  ----------- 
      PRE-EMPTION 
 13   RIGHTS         131,098,445     99.72      373,450      0.28       0         0.00   5,500   131,471,895   131,098,445        99.72 
     -------------  ------------  --------  -----------  --------  ------  -----------  ------  ------------  ------------  ----------- 
      PRE-EMPTION 
 14   RIGHTS CAPEX   131,098,445     99.72      373,450      0.28       0         0.00   5,500   131,471,895   131,098,445        99.72 
     -------------  ------------  --------  -----------  --------  ------  -----------  ------  ------------  ------------  ----------- 
 

Enquiries:

 
 Falanx Group Limited                Via IFC 
  Alex Hambro Chairman 
  Mike Read CEO 
  Ian Selby CFO 
 WH Ireland 
  Mike Coe/ Sarah Mather (Nomad) 
  Joanna Hunt (Corporate Broking)    + 44 (0) 207 220 1666 
 IFC Advisory Ltd 
  Financial PR & IR 
  Graham Herring / Zach Cohen        [phone] 
 

About Falanx

Falanx Group Limited is a cyber security services provider, offering enterprise-class offensive and defensive security solutions to Small and Medium-sized Enterprises (SMEs). For further information visit: www.falanxcyber.com

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December 08, 2022 11:29 ET (16:29 GMT)