Falanx Cyber Sec. - Update on Share Reorganisation & TVR

Cloudified Holdings

19/12/2022 14:57

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RNS Number : 2111K  Falanx Cyber Security Limited  19 December 2022

19 December 2022

 

Falanx Cyber Security Limited

("Falanx" or the "Company")

Update on Share Reorganisation

 Total Voting Rights

Falanx Cyber Security Limited (AIM: FCS), the global cyber security provider,
announces that dealings in the New Ordinary Shares, post the Share
Reorganisation will commence at 8 a.m. on 20 December 2022.

All capitalised terms in this announcement are as defined in the Notice of AGM
which, is available on the Company's website, falanxcyber.com

Share Reorganisation

Further to the announcement on 8 December 2022, 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. today, 19 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 has been made for the 5,264,212 New Ordinary Shares to be admitted
to trading on AIM. Dealings will commence at 8 a.m. on 20 December 2022. The
New Ordinary Shares will trade under the ISIN: VGG3338A1158 and SEDOL:
BQ74QK8.

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 timetable for the Share Reorganisation is as follows:

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

 

Admission  of Equity

 

The Company has become aware that 13,888 Ordinary Shares in the Company
(equivalent to 138 New Ordinary Shares), which were issued pursuant to an
exercise of warrants announced on 7 August 2014, have not been admitted to
trading on AIM. Accordingly the Company has applied for these shares to be
admitted with admission due to take place at 8.00 a.m. 20 December 2022, the
total voting rights remains unchanged and has no implication on the share
reorganisation noted above.

 

Enquiries:

 

 Falanx Cyber Security Limited     Via IFC

 Alex Hambro Chairman

 Mike Read CEO

 Ian Selby CFO

 WH Ireland                        + 44 (0) 207 220 1666

 Mike Coe/ Sarah Mather (Nomad)

 Joanna Hunt (Corporate Broking)

 IFC Advisory Ltd                  +44 (0) 203 934 6630

 Financial PR & IR

 Graham Herring / Zach Cohen

 

 

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