Directorate Change & Notice of Results

RNS Number : 3683W

Falanx Group Limited

14 November 2017

 

Falanx Group Limited

("Falanx" or "the Company")

Directorate Change & Notice of Results

Falanx (AIM:FLX), the global intelligence, security and cyber defence provider, announces that CEO Stuart Bladen has resigned from the Board for personal reasons. Mike Read, Non-Executive Chairman will take over as Acting CEO with immediate effect.

John Blamire, Director and founder, commented:

"We are sorry to see Stuart leave and we would like to thank him for his guidance and leadership during a period of significant change and growth"

"We are also fortunate to have someone of such calibre in Mike Read who has a considerable track record and made such an impact since his arrival. All parts of the business have grown significantly during Mike's tenure, with Group revenue increasing by 50% as announced in July and the successful launch of our Cyber monitoring platform MidGARD last month. Trading remains strong in the business and we look forward to updating the market on a number of exciting new developments in the near future."

Notice of Results

Interim results for the six months to 30 September 2017 will be announced on 15 November 2017

Enquiries:

Falanx Group Limited Mike Read, Chairman and Acting CEO	www.falanx.com
SPARK Advisory Partners Limited Nominated Adviser Matt Davis / James Keeshan	[phone]
Turner Pope Investments (TPI) Ltd Joint-Broker Ben Turner / James Pope Beaufort Securities Joint-Broker Elliot Hance IFC Advisory Ltd Financial PR & IR Graham Herring Miles Nolan	[phone] [phone] [phone]

About Falanx

Falanx Group Limited, is a global intelligence and cyber defence provider working with blue chip and government clients. The Group listed on AIM in June 2013 under ticker FLX For more information: http://www.falanxgroup.com/

MAR

This announcement contains inside information for purposes of Article 7 of Regulation (EU) No 596/2014

 

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