Falanx Group Limited (LON: FLX) the AIM listed provider of Cyber Security and Strategic Intelligence services has this morning announced that Stifel Nicolaus Europe Limited 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 Falanx Group Limited 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.”