Crossword Cybersecurity PLC Exercise of options (0897A)
January 17 2020 - 2:00AM
UK Regulatory
TIDMCCS
RNS Number : 0897A
Crossword Cybersecurity PLC
17 January 2020
Crossword Cybersecurity Plc
Exercise of options
17 January 2020 - London, UK -Crossword Cybersecurity Plc
(AIM:CCS, "Crossword", the "Company" or the "Group"), the
technology commercialisation company focused solely on cyber
security and risk, has received a notice exercising options to
acquire 13,333 ordinary shares of 5p each ("Ordinary Shares") at a
price of GBP2.80 pence per Ordinary Share.
Settlement and dealings
Application will be made for the admission of 13,333 Ordinary
Shares, pursuant to the option exercise, which rank pari passu with
the Company's existing issued Ordinary Shares, to be admitted to
trading on AIM. Dealings on AIM are expected to commence at 8:00am
on or around 23 January 2020 ("Admission").
Total Voting Rights
For the purposes of the Financial Conduct Authority's Disclosure
Guidance and Transparency Rules ("DTRs"), following Admission,
Crossword will have 4,694,560 Ordinary Shares in issue with voting
rights attached. Crossword holds no shares in treasury. This figure
of 4,694,560 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 to their
interest in the Company, under the DTRs.
The information contained within this announcement is deemed to
constitute inside information as stipulated under the Market Abuse
Regulations (EU) No. 596/2014. Upon the publication of this
announcement, this inside information is now considered to be in
the public domain.
Contacts
Crossword Cybersecurity plc - Tel: +44 (0) 20 3953 8460
Email: info@crosswordcybersecurity.com
Tom Ilube, Chief Executive Officer
Mary Dowd, Finance Director
Grant Thornton (Nominated Adviser) - Tel: +44 (0) 20 7383
5100
Colin Aaronson / Jamie Barklem / Niall McDonald
Hybridan LLP (Broker) - Tel: +44 (0)203 764 2341
Claire Louise Noyce
About Crossword Cybersecurity plc
Crossword Cybersecurity plc focuses on the development and
commercialisation of university research-based cyber security and
risk management related software and cyber security consulting. The
Group's specialist cyber security product development and software
engineering teams work with its university partners to develop the
research concept into a fully-fledged commercial product that it
will then take to market. The Group's aim is to build up a
portfolio of revenue generating, intellectual property based, cyber
security products. Rizikon Assurance, Crossword's leading product,
is a SaaS platform that enables medium to large companies to assess
and manage all risks from their suppliers. Nixer CyberML,
Crossword's most recently launched product, is a new tool for
businesses that want to solve advanced security and cybercrime
problems, such as detecting and dealing with compromised accounts,
fraud and in-application denial of service attacks. Crossword's
team of expert cyber security consultants leverages years of
experience in national security, defence and commercial cyber
intelligence and operations to provide bespoke advice tailored to
its clients' business needs.
For media enquiries contact:
Lorena Duke, GingerPR
lorena@gingerpr.co.uk, 01932 485 300
This information is provided by RNS, the news service of the
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contact rns@lseg.com or visit www.rns.com.
END
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