AIM-quoted cyber-security group Defenx seeks up to £2m via UK Bond Network

Skip to Main content

AIM-quoted cyber-security group Defenx seeks up to £2m via UK Bond Network


Defenx plc (‘Defenx’) (, the AIM-quoted cyber-security software group, is issuing up to £2million of convertible bonds via UK Bond Network (, the alternative finance provider that specialises in structuring and distributing investment opportunities in secured corporate debt.

Defenx today raised £1.425million in equity through a placing and subscription of new ordinary shares. Full details of the fundraising are announced here. The company is undertaking the combined debt and equity fundraising so it can respond fully to growing demand for its range of security, backup and protection solutions for smartphones, PCs and networks.

The bond will pay a coupon or annual interest of between 8% and 10%, the precise rate to be determined by participating bond investors through an auction process on UK Bond Network’s online investment platform. Interest will be payable quarterly over a 36-month term. The auction is scheduled to close on Wednesday 30 August 2017.

Starting today, eligible investors can review the Offer Documents on UKBN’s platform and in one week's time, the opportunity to participate in the live auction process will open. Anyone wishing to participate should register at

UK Bond Network has already arranged for £1.25 million – more than half the bond issue – to be underwritten. The bond will be convertible into ordinary shares at the conversion price of 200 pence, being a 25% premium to the equity placing price.

The bonds will be secured by all-assets debentures from the group and guaranteed by the company’s subsidiaries. The convertible bond is subject to approval by a general meeting of the company on 23 August 2017.

Andrea Stecconi, CEO of Defenx, said: “The mobile security market is expected to grow to US$5.8billion by 2019. This fundraising provides a solid base to support our strategy of continued expansion in both corporate and consumer markets to achieve significant profitable growth. Working with our advisers we have sought to lessen financial risk by achieving the optimum balance of equity and, through UK Bond Network’s distinctive process, debt.”

Chris Maule, CEO and Founder of UK Bond Network, said: “Defenx is an exciting company in a growing, increasingly important cyber-security market and is typical of the type of business benefiting from corporate bonds issued via UK Bond Network.  Convertible bonds also offer investors the potential to generate additional returns if the Company’s share price performs over the life of the bond.”

Full details of the issue are available to registered investors at UK Bond Network.


Further information:

UK Bond Network

Chris Maule / Ben Cohen

0044 20 3146 4440


Media enquiries

Allerton Communications

Peter Curtain

0044 20 3137 2500 / 0044 7733 301 707


7th August 2017

By Chris Maule

comments powered by Disqus