27 September 2024
Crossword
Cybersecurity Plc
("Crossword", the "Company" or the "Group")
Comment
on Delay to Publication of Interim Accounts
Further to its announcement of
earlier today, the Board of Crossword Cybersecurity plc (AIM:
CCS), would like to provide additional information in respect of
the delay to the publication of the Company's half year accounts
for the period ended 30 June 2024 (the
"Accounts").
As previously announced, there have
recently been changes in senior personnel within the finance
function as well as a substantial cost reduction programme
involving a number of redundancies including within the finance
function. The combined effect of the change in personnel along with
the focus on bedding in cost reductions within the Group has meant
that without investing in significant additional short term
resource, which the Company was unable to do within the required
timeframe, it was not possible to prepare the Accounts by 30
September 2024.
As announced earlier, the Company
expects to announce the interim results by 31 October
2024.
- Ends
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Contacts
Crossword Cybersecurity plc -
Tel: +44 (0) 333 090 2587
Email:
info@crosswordcybersecurity.com
Stuart Jubb, Chief Executive
Officer
Grant Thornton (Nominated Adviser) - Tel: +44 (0) 20 7383 5100
Colin Aaronson / Jamie Barklem /
Ciara Donnelly / Elliot Peters
Hybridan LLP (Broker) - Tel:
+44 (0) 203 764 2341
Claire Louise Noyce
About Crossword Cybersecurity
plc
Crossword offers a range of cyber
security solutions to help companies understand and reduce cyber security
risk. We do this through a combination of people and technology,
in the form of SaaS and software products, consulting, and managed
services. Crossword's areas of emphasis are cyber security strategy and risk, supply chain
cyber, threat detection and
response, and digital identity and the aim is to
build up a portfolio of cyber security products and services with
recurring revenue models in these four areas. We work closely with
UK universities and our products and services are often powered by
academic research-driven insights. In the area of cybersecurity
strategy and
risk our consulting services include cyber maturity
assessments, industry certifications, and virtual chief information
security officer (vCISO) managed services.
Crossword's
end-to-end supply chain
cyber standard operating model (SCC SOM) is supported
by our best-selling SaaS platform, Rizikon Assurance, along with
cost-effective cyber audits, security testing services and complete
managed services for supply chain cyber risk
management. Threat detection
and response services include our Nightingale AI-based
network monitoring, our Trillion™ suite of threat intelligence
products, Trillion Breach, Harvista and Arc and incident response.
Crossword's work in digital
identity is based on the World Wide Web Consortium W3C
verifiable credentials standard and our current solution,
Identiproof, enables secure digital verification of individuals to
prevent fraud.
Crossword serves medium and large
clients including FTSE 100, FTSE 250 and S&P listed companies
in various sectors, such as defence, insurance, investment and
retail banks, private equity, education, technology and
manufacturing and has offices in the UK, Poland and Oman.
Crossword's ordinary shares are admitted to trading on the AIM
market of the London Stock Exchange.
Visit Crossword
at https://www.crosswordcybersecurity.com/