Proposed Subscription, Open Offer and approval of a waiver under Rule 9 of the City Code on Takeovers and Mergers
As announced on 6 April 2018, Defenx plc is proposing to raise up to £1.2 million by way of a placing with its largest shareholder, BV-Tech SpA, and an open offer.
Full details are set out in the circular sent to shareholders.
Eligible Investors, who confirm they are not restricted from doing so pursuant to the laws of the relevant jurisdiction, may access documents and information by clicking here.
Founded in 2009, Defenx is a cyber security company that offers a range of products for the mobile, PC and network security markets.
Defenx security software is priced competitively, fully featured and efficient (reduced use of memory, processing capacity and therefore power).
A flexible marketing strategy, focused on white-label and profit-share arrangements with distributors, telecoms companies and hardware manufacturers, enables Defenx to compete with established industry incumbents. Since inception, Defenx has sold over 5.7 million security software licenses, primarily in Europe, the Middle East and Africa.
Defenx was admitted to trading on AIM on 3 December 2015 and acquired Memopal Srl in August 2016, which has allowed the Company to diversify its product portfolio and grow its customer base by adding proprietary cloud backup and synchronisation technology as well as new channel partners.