Director subscriptions/PDMR dealing and TVR

RNS Number : 2931E

Falanx Group Limited

04 November 2020

 

FALANX GROUP LIMITED

("Falanx" or the "Company")

Director subscriptions/PDMR dealing and Total Voting Rights

Falanx Group Limited (AIM:FLX), the global  cyber security and intelligence services provider, announces that following the release of its annual results on Friday 30 October 2020, certain members of the Board of Directors and senior management have conditionally subscribed for a total of £75,000 (the "Subscription"). The Subscription was highlighted in the Company's recent equity fundraising, further details of which were first announced on 29 September 2020 (the "Fundraise").

The Subscription will result in the issue and allotment of a total of 7,500,000 new ordinary shares in the Company (the "Subscription Shares") and is being carried out at the same issue price of 1 penny per ordinary share and on identical terms as those of the Fundraise.

Director subscriptions

The following members of the Board of Directors and senior management have subscribed for shares in the Company in the amounts set out in the table below:

Director	Current Holding		% of Existing Ordinary Shares	Number of Subscription Shares	Holding post Fundraise	% of Enlarged Share Capital
Michael David Read (CEO)		11,813,940	2.28%	3,500,000	15,313,940	2.91%
Alex Hambro (Non-Executive Chairman)		1,250,000	0.24%	1,500,000	2,750,000	0.52%
Ian Selby (CFO)		1,069,348	0.21%	1,000,000	2,069,348	0.39%
Emma Shaw (NED)		866,666	0.17%	500,000	1,366,666	0.26%
Rick Flood (MD of Cyber, PDMR)		499,702	0.10%	1,000,000	1,499,702	0.29%
Total		154,999,656	2.99%	7,500,000	22,999,656	4.38%

The participation by Michael Read, Alex Hambro, Ian Selby, Emma Shaw and Rick Flood in the Fundraising constitutes a related party transaction for the purposes of the AIM Rules. In the absence of any independent director, the Company's nominated adviser, Stifel, consider that the terms of the related party transaction are fair and reasonable insofar as shareholders are concerned.

An application has been made for the Subscription Shares to be admitted on the AIM Market on or around 6 November 2020.

Total voting rights

Following admission of the Subscription Shares the number of Ordinary Shares in issue and number of voting rights will be 525,401,185. The above figure may be used by shareholders as the denominator for the calculations by which they will determine whether they are required to notify their interest in, or a change to their interest in, the Company under the Financial Conduct Authority's Disclosure and Transparency Rules.

Enquiries:

Falanx Group Limited Alex Hambro - Chairman Mike Read - CEO Ian Selby - CFO	Via IFC
Stifel Nicolaus Europe Limited, Nomad and Broker Alex Price / Fred Walsh / Luisa Orsini Baroni	+ 44 (0) 207 710 7600
IFC Advisory Ltd, Financial PR & IR Graham Herring / Zach Cohen	[phone]

About Falanx

Falanx Group Limited is a global intelligence and cyber defence provider working with blue chip and government clients. For more information: http://www.falanx.com/

Falanx Cyber Defence specialises in providing offensive and defensive cyber security services, bringing enterprise-class solutions to the entire market, including to Small and Medium sized Businesses. For more information: http://www.falanxcyber.com/

 Notification and public disclosure of transactions by persons discharging managerial responsibilities ("PDMRs") and persons closely associated ("PCA") with them.

1	. Details of the person discharging managerial responsibilities / person closely associated
a)	Names	Michael David Read
2.	Reason for the notification
a)	Position/status	CEO
b)	Initial notification / Amendment	Initial notification
3.	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Falanx Group Limited
b)	LEI	213800YO4F9CUQLALV19
4.	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial instrument, type of instrument	Ordinary Shares of nil par value
b)	Identification code	VGG3338A1075
c)	Nature of the transaction	Subscription for Ordinary Shares
d)	Price(s) and volume(s)	Volume(s): 3,500,000 Ordinary Shares Price: 1  pence per Ordinary Share
d)	Aggregated information  - Aggregated volume - Price	N/A
e)	Date of the transactions	4 November 2020
f)	Place of the transaction	Outside of a trading venue

1	. Details of the person discharging managerial responsibilities / person closely associated
a)	Names	Alex Hambro
2.	Reason for the notification
a)	Position/status	Non-Executive Chairman
b)	Initial notification /Amendment	Initial notification
3.	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Falanx Group Limited
b)	LEI	213800YO4F9CUQLALV19
4	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial instrument, type of instrument	Ordinary Shares of nil par value
b)	Identification code	VGG3338A1075
c)	Nature of the transaction	Subscription for Ordinary Shares
d)	Price(s) and volume(s)	Volume(s): 1,500,000 Ordinary Shares Price: 1  pence per Ordinary Share
d)	Aggregated information  - Aggregated volume - Price	N/A
e)	Date of the transactions	4 November 2020
f)	Place of the transaction	Outside of a trading venue

1	. Details of the person discharging managerial responsibilities / person closely associated
a)	Names	Ian Selby
2.	Reason for the notification
a)	Position/status	CFO
b)	Initial notification /Amendment	Initial notification
3.	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Falanx Group Limited
b)	LEI	213800YO4F9CUQLALV19
4.	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial instrument, type of instrument	Ordinary Shares of nil par value
b)	Identification code	VGG3338A1075
c)	Nature of the transaction	Subscription for Ordinary Shares
d)	Price(s) and volume(s)	Volume(s): 1,000,000 Ordinary Shares Price: 1  pence per Ordinary Share
d)	Aggregated information  - Aggregated volume - Price	N/A
e)	Date of the transactions	4 November 2020
f)	Place of the transaction	Outside of a trading venue

1	. Details of the person discharging managerial responsibilities / person closely associated
a)	Names	Emma Shaw
2.	Reason for the notification
a)	Position/status	NED
b)	Initial notification /Amendment	Initial notification
3.	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Falanx Group Limited
b)	LEI	213800YO4F9CUQLALV19
4.	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial instrument, type of instrument	Ordinary Shares of nil par value
b)	Identification code	VGG3338A1075
c)	Nature of the transaction	Subscription for Ordinary Shares
d)	Price(s) and volume(s)	Volume(s): 500,000 Ordinary Shares Price: 1  pence per Ordinary Share
d)	Aggregated information  - Aggregated volume - Price	N/A
e)	Date of the transactions	4 November 2020
f)	Place of the transaction	Outside of a trading venue

1	. Details of the person discharging managerial responsibilities / person closely associated
a)	Names	Rick Flood
2.	Reason for the notification
a)	Position/status	Managing Director at Falanx Cyber
b)	Initial notification /Amendment	Initial notification
3.	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Falanx Group Limited
b)	LEI	213800YO4F9CUQLALV19
4.	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial instrument, type of instrument	Ordinary Shares of nil par value
b)	Identification code	VGG3338A1075
c)	Nature of the transaction	Subscription for Ordinary Shares
d)	Price(s) and volume(s)	Volume(s): 1,000,000 Ordinary Shares Price: 1  pence per Ordinary Share
d)	Aggregated information  - Aggregated volume - Price	N/A
e)	Date of the transactions	4 November 2020
f)	Place of the transaction	Outside of a trading venue

 

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