Operational Update

RNS Number : 0283A

Falanx Group Limited

24 September 2015

 



 FALANX GROUP LIMITED

24 September, 2015

("Falanx" or "the Company")

Falanx Operational Update

·     Agreements in place to become preferred cyber security provider to three regulated financial services companies

·     Achieved ISO/IEC 20000-1, ISO/IEC 27001 and ISO 9001 accreditation

·     Five new corporate intelligence contracts signed

Falanx Group Limited, a security and risk management consultancy working with blue chip and government clients worldwide, is pleased to provide the following operational update.

Falanx Cyber

Falanx Cyber, operating under the Falanx Assuria brand, formally launched its new Cyber Defence managed service in March 2015. Since then Falanx has entered into agreement with three regulated financial services companies to become their preferred cyber security provider.  This involves Falanx working with an international trading bank with interests in East Africa, the US and Europe to help the bank to put in place US/UK-compliant operating and reporting platforms in various geographies.  Falanx will also work with two financial advisory boutiques to provide cyber security for their and their clients' businesses.

Falanx is also delighted to announce it has now achieved ISO 9001, /IEC 20000-1 and ISO/IEC 27001 accreditation. These accreditations will enable Falanx to pursue major contracts with UK Government agencies, regulators and multi-nationals.

The investment made into the sales and marketing team is bearing fruit with a growing pipeline and a number of opportunities at various stages of development.

Falanx Intelligence

Falanx Intelligence, operating under the Stirling Assynt brand, has recently secured contracts with:

·     A global trade, shipping and energy conglomerate

·     A leading oil and gas producer

·     An international financial services company

·     Two multi-national communications and information technology companies

Falanx Intelligence has also undertaken an increasing number of special projects, amounting to £350K in the financial year to date. 

Falanx Resilience

The consultancy pipeline is becoming increasingly strong with negotiations for some interesting contracts progressing well. The Company will update shareholders as further progress is made.

Issue of shares

Falanx Group Limited announces that it has issued 200,000 Ordinary Shares to Emma Shaw, Non-Executive director of the Company.  These shares were issued under Emma Shaw's appointment letter dated 11 January 2013. In 2013 when the Group was formed and listed on AIM the Non-Executive Directors were entitled under their appointment letters to an allocation of 200,000 shares in the company.

Following the issue of these shares, Emma Shaw will hold 200,000 Ordinary Shares representing 0.28 per cent of the issued share capital of the Company.

Application has been made for the 200,000 Ordinary Shares to be admitted to trading on AIM, which is expected to occur on 25 September 2015. Following issue of the new shares, the Company will have a total of 71,255,368 Ordinary Shares in issue.

Total Voting Rights

The Company holds no Ordinary Shares in treasury. Therefore the total number of ordinary shares with voting rights is 71,255,368 which figure may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change in their interest in, the share capital of the Company under the FCA's Disclosure and Transparency Rules.

John Blamire CEO of Falanx Group commented:

"We have invested in expanding our sales team, and this is already starting to pay dividends with an increase in contracts signed, and further opportunities that we are currently pursuing. We are also pleased to report that our customer relations management has become more effective improving the coordination of our sales activity across the Group.

The risks presented by cybercrime have been brought into sharp focus in recent months, and companies are increasingly aware of the importance of security and risk management. We now have the team in place to maximise the opportunity that this presents, and we look forward to keeping shareholders informed as we sign more contracts."

Enquiries:

Falanx Group Limited John Blamire, Chief Executive www.falanxgroup.com www.falanxassuria.com	+ 44 (0) 20 7856 9457
Charles Stanley Securities Nominated Adviser & Broker	[phone]
Mark Taylor
Redleaf PR Rebecca Sanders-Hewett Charlie Geller Susie Hudson	[phone]  [e-mail]

Notes to Editors:

About Falanx Group

§ Falanx Group Limited is a global intelligence, security and cyber defence provider working with blue chip and government clients.

§ The Group has three business divisions:

-  Falanx Intelligence: Political & Security Risk and Business Intelligence services

-  Falanx Resilience: Security Consultancy, Crisis Management and asset and facility security

-  Falanx Cyber: Comprehensive cloud-based cyber security services

§ The Group listed on AIM in June 2013 under ticker FLX.

§ For more information: http://www.falanxgroup.com/

 

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