Exercise of Options, TVR and PDMR dealing

RNS Number : 7718Q

Falanx Group Limited

29 October 2021

 

29 October 2021

FALANX GROUP LIMITED

("Falanx", the "Group" or the "Company")

Exercise of Options and TVR

PDMR dealing

Falanx Group Ltd, the AIM listed cyber security company, announces that it has issued and allotted 120,000 ordinary shares of 1 penny each in the share capital of the Company ("Ordinary Shares") following an exercise of options on 25 October 2021 under the Company's EMI Share Option Scheme by certain option holders. The exercise price was 1 pence per Ordinary Share.

Application has been made to the London Stock Exchange for the 120,000 new Ordinary Shares to be admitted to trading on AIM ("Admission") and dealings are expected to commence at 8.00 a.m. on or around 4 November 2021. The new Ordinary Shares will rank pari passu with the Company's existing Ordinary Shares.

The total number of Ordinary Shares in issue following Admission will be 526,421,185. There are no Ordinary Shares held in treasury. The total number of voting rights in the Company is therefore 526,421,185. This number 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 Company under the FCA's Disclosure Guidance and Transparency Rules.

PDMR dealing

Falanx also announces that it has been notified that Alex Hambro, Chair, acquired 270,000 ordinary shares in the Company.

Following this acquisition, Alex Hambro is now interested in 3,370,000 ordinary shares in the Company representing 0.64% of the issued share capital as enlarged by the unconnected exercise of options above.

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	[phone]
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: https://www.falanx.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	Alex Hambro
2	Reason for the notification
a)	Position/status	Chair
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	Purchase of Ordinary Shares
d)	Price(s) and volume(s)	Volume(s): 120,000 Ordinary Shares @ 1.4  pence per Ordinary Share 150,000 Ordinary Shares @ 1.38  pence per Ordinary Share
d)	Aggregated information  - Aggregated volume - Price	270,000 £3,750
e)	Date of the transactions	29 October 2021
f)	Place of the transaction	London Stock Exchange

 

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