Secure Fortress directors invest in company
Members of the Board of Directors and certain staff of Secure Fortress Plc have converted all of their company held debt of £437,000 into a 10% Mandatory AIM Convertible Loan Note
The various note instruments were all listed as short term liabilities on the company's Balance Sheet and have all been reclassified as long-term debt according to UK GAPP. The Loan Note will mandatorily convert into Ordinary Shares in the company at a 30% discount to the then-current share price when the company moves its listing to the AIM.
Alexandre Clug, Chief Executive of Secure Fortress, said: "I am very pleased with the faith and commitment that members of the Board and staff have shown in the future of our company. This investment will further strengthen our balance sheet and support our on-going growth initiatives."
Secure Fortress provides secure cabling systems to prevent unauthorised access and mitigate cyber-crime and cyber-terrorism, the fastest growing threats in the 21st century. Secure Fortress provides preventive services to combat these threats to US government agencies such as the Department of Defense and the Department of Homeland Security and to private clients such as banks and other commercial companies including Washington Mutual and Millers Brewing Co.
www.securefortress.
