(Alliance News) - Cyber security software firm Defenx PLC said Wednesday that major shareholder BV Tech has bought further shares in the company, bringing its total holding to 29.1 million shares, reflecting a 75% stake.
Over three transactions on Friday last week, Monday and Tuesday, BV Tech bought 633,007 shares in total at a price of 3.0 pence per share.
Defenx said that BV Tech's shareholding is now just over 75% of the company's issued share capital, which is the level of shareholder approval needed for a resolution to be proposed at the general meeting on Friday for the cancellation of its shares on AIM.
If the motion is approved, its cancellation will take place on January 7.
Shares in Defenx were up 3.0% at 2.832 pence on Thursday in London.
By Dayo Laniyan; dayolaniyan@alliancenews.com
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