Future Fibre Technologies Limited (FFT) (ASX: FFT), a global leader in fibre optic perimeter intrusion detection systems, is pleased to announce that its takeover offer for MaxSec Group Limited (ASX:MSP) closed on 21 December 2017, with the Company acquiring a relevant interest of 85.1% of MaxSec’s fully paid, ordinary shares.
With the vast majority of MaxSec shareholders electing to become shareholders in FFT, MaxSec Group Limited is now a subsidiary of Future Fibre Technologies Limited.
The Company intends to complete the issue of FFT shares to MaxSec shareholders that have accepted the takeover offer by 29 December 2017. FFT welcomes MaxSec shareholders to the Company.
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FFT is a leading developer and manufacturer of fibre optic intrusion detection security systems. Deployed by some of the most security conscious industrial, military and government organisations in the world, FFT’s advanced security systems:
- detect and locate perimeter intrusions;
- identify third-party interference on oil and gas pipelines; and
- protect sensitive data network communications cables. With hundreds of installations in more than 65 countries, FFT has established a solid reputation for delivering highly intelligent, reliable, and award winning intrusion detection solutions. fftsecurity.com
For further information contact: Katie Paynter +61 417 057 243
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