RNS Number : 7765A
Falanx Group Limited
31 May 2019

31 May 2019

Falanx Group Limited

(“Falanx Group” or the “Group” or the “Company”)

 Director/PDMR Shareholding

Falanx Group (AIM:FLX), the global intelligence, security and cyber defence provider, announces that on 29 May 2019, Mike Read, CEO and Chairman, acquired 136,000 ordinary shares at a price of 2.1 pence per share and on 31 May 2019 a further 114,000 ordinary shares at a price per share of 2.1145, for a total of 250,000 ordinary shares. Mr Read’s resultant interest following these transactions is now 10,653,940 Ordinary Shares, representing 2.7 per cent of the Company’s issued share capital.

Notification and public disclosure of transactions by persons discharging managerial responsibilities and person closely associated with them

1

 

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

 

Mike Read

2

 

Reason for the notification

a)

Position/status

 

Chief Executive Officer

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

Identification code

 

ISIN: VGG3338A1075

b)

Nature of the transaction

 

Acquisition of Ordinary Shares in Falanx Group

c) Price(s) and volume(s)

 

 

 

 

 

 

Price(s)

Volume(s)

Date

 

 

2.1 pence per share

136,000

29 May 2019

 

 

2.1145 pence per share

114,000

31 May 2019

 

d)

 

Aggregated information

 

 

– Aggregated volume

 

250,000

– Price

 

As stated above

e)

Date of the transaction

 

29 May 2019 / 31 May 2019

f)

Place of the transaction

 

London Stock Exchange, AIM Market (XLON)

 

Enquiries:

Falanx Group Limited

Alex Hambro Chairman

Mike Read CEO

Ian Selby CFO

 

Via IFC

Stifel Nicolaus Europe Limited, Nomad and Joint Broker

Fred Walsh / Alex Price / Neil Shah / Luisa 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

 

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END

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