Defenx PLC Offer of Secured Convertible Bonds to raise up to £2 million

Defenx Plc

Defenx PLC (LON:DFX), the cyber-security software group, has today announced the opening of the Bond auction to raise up to £2 million through the issue of secured convertible bonds (“Convertible Bond Issue”). The auction process will be carried out by UK Bond Network, as agent of the Company, using its designated website auction platform.

UK Bond Network has procured that £1.25 million of the Convertible Bond Issue has been underwritten, which taken together with the gross proceeds of £1.74 million raised pursuant to the placing and subscription, announced on 7 August 2017, ensures that the Company will receive minimum gross proceeds of, in aggregate, £2.99 million to accelerate the Group’s growth plans.

The live auction period will commence at 9.00 a.m. today and will finish at 4.30 p.m. on 30 August 2017. The Convertible Bond Issue is subject to, inter alia, the receipt of shareholder approval of the necessary resolutions at a general meeting of the Company to be held at 12.00 p.m. on 23 August 2017. If the requisite resolutions are not passed, the Convertible Bond Issue will not proceed. Further information on the Convertible Bond Issue is set out in the first announcement on and the circular sent to shareholders dated 7 August 2017, a copy of which is available on the Defenx Plc website (investors.defenx.com).

Eligible investors will be required to self-certify themselves (in each case as defined in FSMA and in accordance with the procedure required under FSMA), as being high net worth, sophisticated, professional or institutional investors (“Eligible Investors”). Eligible Investors will be the only investors eligible to participate in the Convertible Bond Issue and will need to register as a member of UK Bond network’s platform (www.ukbondnetwork.com).

The Secured Convertible Bonds have not been made available to the public other than Eligible Investors who are registered on UK Bond Network’s platform, and have not been offered or sold in any jurisdiction where it would be unlawful to do so.

 

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