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

+44 (0) 203 368 3551
Turner Pope Investments
Joint-Broker
Ben Turner / James Pope
+44 (0) 203 621 4120
IFC Advisory Ltd
Financial PR & IR
Graham Herring
Miles Nolan
+44 (0) 203 053 8671
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: www.falanxgroup.com

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