RNS Number : 6558T
Falanx Group Limited
22 March 2019

Falanx Group Limited

 

(“Falanx” or the “Company”)

 

Change of Adviser

 

Falanx Group Limited (“Falanx” or the “Company”) the AIM listed provider of Cyber Security and Strategic Intelligence services is pleased to announce that Stifel Nicolaus Europe Limited (“Stifel”) has been appointed as Nominated Adviser and Joint Broker with immediate effect. The board believes that Stifel’s dedicated cyber security expertise, transatlantic presence and full investment bank capability will support Falanx in the next phase of its growth. 

 

Both of Falanx’s divisions experienced strong organic revenue growth in the third quarter of the year to 31 March 2019.  Following the institutional fundraising in November 2018, the Company’s cash balances remain strong and are able to support its next phase of growth.

 

Mike Read Chairman and CEO commented

 

“We have made significant progress through the year and have put in place strong foundations for the future. As part of this review we are pleased to have engaged Stifel, and their dedicated sector expertise and full advisory services will help support our growth plans.  I want to also thank the team at Spark Advisory Partners Limited for their support, guidance and help over the last two years.”

 

Enquiries:

 

Falanx Group Limited

Mike Read, Chairman and CEO

 

Via IFC

Stifel Nicolaus Europe Limited, NOMAD and Joint Broker

Fred Walsh / Alex Price / Neil Shah / Luisa Orsini Baroni

+ 44 (0) 207 710 7600

Turner Pope International Limited, Joint Broker

James Pope / Ben Turner

+44 (0) 203 621 4120

 

IFC Advisory Ltd

Financial PR & IR

Graham Herring / Miles Nolan / Zach Cohen

+44 (0) 203 934 6630

 

About Falanx

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

 

About Stifel

·      Stifel is a leading full-service middle-market investment bank, based in the City of London

·      Wholly owned by U.S. listed Stifel Financial Corp, Stifel provides a bulge bracket range of services to middle-market clients through corporate broking, equity capital markets, debt capital markets, and mergers & acquisitions

Stifel in Europe has raised £3bn of equity for clients since 2018 and acts as corporate broker to approximately 70 clients. They cover 12 industry groups, (including dedicated professionals in cyber security), through around 80 people in Investment Banking and have access to more than 3,000 institutional investors globally

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