TIDMFLX
RNS Number : 1238J
Falanx Group Limited
08 December 2022
8 December 2022
FALANX GROUP LIMITED
("Falanx" or the "Company")
Result of AGM
Update on Share Reorganisation and Change of Name
Total Voting Rights
Falanx Group Limited (AIM: FLX), the global cyber security
provider, announces that at the Annual General Meeting ("AGM") held
earlier today, all resolutions were passed. Details of the
resolutions were set out in the notice of AGM dated 15 November
2022 and results of the proxy voting are set out below.
All capitalised terms in this announcement are as defined in the
Notice of AGM which, are available on the
Company's website, falanxcyber.com.
Change of name and TIDM
Further to the notice of AGM and following the passing of
Resolution 9, the Company's name will change to Falanx Cyber
Security Limited and the tradeable instrument display mnemonic
("TIDM") of the Company will be changed to "FCS". This is expected
to become effective from 8.00 a.m. on 12 December 2022.
Share Reorganisation
Further to the notice of AGM and following the passing of
Resolution 10, 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. on 20 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 will be made for the 5,264,212 New Ordinary Shares
to be admitted to trading on AIM. Dealings are expected to commence
at 8 a.m. on 20 December 2022. The New Ordinary Shares will trade
under the ISIN: VGG3338A1158.
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 expected timetable for implementation of the proposals is as
follows:
Record Date for the Share Reorganisation 6 p.m. on 19 December
2022
Admission and dealings in the New Ordinary 20 December 2022
Shares expected to commence on AIM
----------------------
Expected date for CREST accounts to 20 December 2022
be credited for the New Ordinary Shares
to be held in uncertified form
----------------------
Despatch of definitive share certificates within 10 business
in respect of the New Ordinary Shares days of Admission
to be held in certificated form, if
applicable
----------------------
(Notes)
(1. Each of the times and dates above are indicative only and if
any of the details contained in the timetable above should change,
the revised times and dates will be notified to Shareholders by
means of an announcement through a Regulatory Information
Service.)
(2. All of the above times refer to London time unless otherwise
stated.)
AGM Result
For Against Discretion Votes Withheld For + Discretion
Description Votes % Votes Votes % Votes Votes % Votes Votes Total Votes Votes % Votes
Cast Cast Cast Cast (excl. Cast
Votes
Withheld)
------------- ------------ -------- ----------- -------- ------ ----------- ------ ------------ ------------ -----------
REPORTS AND
1 ACCOUNTS 131,103,945 99.72 373,450 0.28 0 0.00 0 131,477,395 131,103,945 99.72
------------- ------------ -------- ----------- -------- ------ ----------- ------ ------------ ------------ -----------
RE-APPOINT
2 AUDITORS 131,103,945 99.72 373,450 0.28 0 0.00 0 131,477,395 131,103,945 99.72
------------- ------------ -------- ----------- -------- ------ ----------- ------ ------------ ------------ -----------
REMUNERATION
3 OF AUDITORS 131,103,945 99.72 373,450 0.28 0 0.00 0 131,477,395 131,103,945 99.72
------------- ------------ -------- ----------- -------- ------ ----------- ------ ------------ ------------ -----------
REMUNERATION
4 REPORT 97,770,612 74.36 33,706,783 25.64 0 0.00 0 131,477,395 97,770,612 74.36
------------- ------------ -------- ----------- -------- ------ ----------- ------ ------------ ------------ -----------
RE-ELECT
5 ALEX HAMBRO 97,770,612 74.36 33,706,783 25.64 0 0.00 0 131,477,395 97,770,612 74.36
------------- ------------ -------- ----------- -------- ------ ----------- ------ ------------ ------------ -----------
RE-ELECT IAN
6 SELBY 131,103,945 99.72 373,450 0.28 0 0.00 0 131,477,395 131,103,945 99.72
------------- ------------ -------- ----------- -------- ------ ----------- ------ ------------ ------------ -----------
RE-ELECT
7 RICK FLOOD 131,103,945 99.72 373,450 0.28 0 0.00 0 131,477,395 131,103,945 99.72
------------- ------------ -------- ----------- -------- ------ ----------- ------ ------------ ------------ -----------
RE-ELECT
WILLIAM
8 KILMER 131,103,945 99.72 373,450 0.28 0 0.00 0 131,477,395 131,103,945 99.72
------------- ------------ -------- ----------- -------- ------ ----------- ------ ------------ ------------ -----------
CHANGE OF
9 NAME 131,103,945 99.72 373,450 0.28 0 0.00 0 131,477,395 131,103,945 99.72
------------- ------------ -------- ----------- -------- ------ ----------- ------ ------------ ------------ -----------
ARTICLES OF
10 ASSOCIATION 131,103,945 99.72 373,450 0.28 0 0.00 0 131,477,395 131,103,945 99.72
------------- ------------ -------- ----------- -------- ------ ----------- ------ ------------ ------------ -----------
ALLOT AND
ISSUE ORD
11 SHARE 131,103,945 99.72 373,450 0.28 0 0.00 0 131,477,395 131,103,945 99.72
------------- ------------ -------- ----------- -------- ------ ----------- ------ ------------ ------------ -----------
ALLOT/ISSUE
ORD SHR
12 CAPEX 131,098,445 99.72 373,450 0.28 0 0.00 5,500 131,471,895 131,098,445 99.72
------------- ------------ -------- ----------- -------- ------ ----------- ------ ------------ ------------ -----------
PRE-EMPTION
13 RIGHTS 131,098,445 99.72 373,450 0.28 0 0.00 5,500 131,471,895 131,098,445 99.72
------------- ------------ -------- ----------- -------- ------ ----------- ------ ------------ ------------ -----------
PRE-EMPTION
14 RIGHTS CAPEX 131,098,445 99.72 373,450 0.28 0 0.00 5,500 131,471,895 131,098,445 99.72
------------- ------------ -------- ----------- -------- ------ ----------- ------ ------------ ------------ -----------
Enquiries:
Falanx Group Limited Via IFC
Alex Hambro Chairman
Mike Read CEO
Ian Selby CFO
WH Ireland
Mike Coe/ Sarah Mather (Nomad)
Joanna Hunt (Corporate Broking) + 44 (0) 207 220 1666
IFC Advisory Ltd
Financial PR & IR
Graham Herring / Zach Cohen +44 (0) 203 934 6630
About Falanx
Falanx Group Limited is a cyber security services provider,
offering enterprise-class offensive and defensive security
solutions to Small and Medium-sized Enterprises (SMEs). For further
information visit: www.falanxcyber.com
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END
RAGFSWFMAEESEEE
(END) Dow Jones Newswires
December 08, 2022 11:29 ET (16:29 GMT)
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