TIDMCYBA
RNS Number : 1072N
CYBA PLC
27 May 2022
THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION AS STIPULATED
UNDER THE UK VERSION OF THE MARKET ABUSE REGULATION NO 596/2014
WHICH IS PART OF ENGLISH LAW BY VIRTUE OF THE EUROPEAN UNION
(WITHDRAWAL) ACT 2018, AS AMED. ON PUBLICATION OF THIS ANNOUNCEMENT
VIA A REGULATORY INFORMATION SERVICE, THIS INFORMATION IS
CONSIDERED TO BE IN THE PUBLIC DOMAIN.
27 May 2022
CYBA plc
Warrant Exercises, Directors Shareholding, Issue of Equity and
Warrants
CYBA plc ("CYBA" or the "Company") the cybersecurity group
specialising in high-end threat intelligence and critical
infrastructure security announces a number of share related matters
as set out below.
Warrant Exercises
The Company has received notice from Rory Heier, Director of
CYBA, of the exercise of warrants to subscribe for 5,000,000
Ordinary Shares at a price of 1 pence per Ordinary Share. Following
this exercise, Mr. Heier will hold a total of 11,375,000 Ordinary
Shares in the Company, representing 0.7 per cent. of the enlarged
issued share capital.
In addition to the above exercise, the Company has also received
notice from other warrant holders to subscribe for a total of
2,500,000 Ordinary Shares at a price of 1 pence per Ordinary
Share.
Issue of Ordinary Shares
The Company also announces that it has issued 1,000,000 Ordinary
Shares at a price of 2 pence per share in lieu of fees to certain
advisors.
Warrants Issued to Investors
The Company has also granted Warrants to shareholder Racsor LLC
over an aggregate of 50,000,000 Ordinary shares in the Company (the
"Grant"). The Warrants have an exercise price of 2 pence per
Ordinary Share (being a 33 per cent. premium to the closing
mid-market price on 26 May 2022). The Warrants vest immediately and
can be exercised at any time up to 24 May 2025.
The Grant represents 2.9 per cent. of the Company's enlarged
issued ordinary share capital.
Options issued to Directors
The Company has also agreed to issue options over an aggregate
of 25,000,000 Ordinary shares in the Company each to both Rory
Heier and Robert Mitchell (the "Options"). The Options have an
exercise price of 2 pence per Ordinary Share (being a 33 per cent.
premium to the closing mid-market price on 26 May 2022).
The Options vest immediately and can be exercised at any time up
to 24 May 2025.
The Options represent 2.9 per cent. of the Company's enlarged
issued ordinary share capital.
Total Options and Warrants outstanding
Following the above exercises and grants the following table
summarises all options and warrants outstanding as at today's
date:
Options
Name Number of Options Grant Vesting Exercise
Date Date Price
Rory Heier 25,000,000 24.5.2022 24.5.2025 GBP0.02
Robert Mitchell 25,000,000 24.5.2022 24.5.2025 GBP0.02
Warrants
Name Number of Options Grant Vesting Exercise
Date Date Price
Hadron Master 13,000,000 16.2.2022 14.3.2022 GBP0.02
Fund Series II
Racsor LLC 50,000,000 24.5.2022 24.5.2025 GBP0.02
The above represents a total of 6.7% of the Company's enlarged
issued share capital.
Admission and Total Voting Rights
Application is being made for admission of 8,500,000 Ordinary
Shares to the Official List of the FCA (Standard Segment) and
trading on the London Stock Exchange's Main Market for listed
securities ("Admission") which is expected to occur at 8 a.m. on or
around 6 June 2022.
On Admission the Company will have 1,692,481,100 Ordinary Shares
in issue. The Company holds no shares in treasury. Accordingly, the
figure of 1,692,481,100 can be used by shareholders 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 Financial Conduct Authority's
Disclosure Guidance and Transparency Rules.
Notification and public disclosure of transactions by persons
discharging managerial responsibilities and persons closely
associated with them:
Details of the person discharging managerial responsibilities/person
1 closely associated
a) Name Rory Heier
------------------------------------------- ------------------------------------------
Reason for the notification
2
---------------------------------------------------------------------------------------
a) Position/status Director
------------------------------------------- ------------------------------------------
b) Initial notification/ Initial notification
Amendment
------------------------------------------- ------------------------------------------
Details of the issuer, emission allowance market participant,
3 auction platform, auctioneer or auction monitor
---------------------------------------------------------------------------------------
a) Name Cyba Plc
------------------------------------------- ------------------------------------------
b) LEI 213800K484JECP4RK284
------------------------------------------- ------------------------------------------
Details of the transaction(s): section to be repeated for
4 (i) each type of instrument; (ii) each type of transaction;
(iii) each date; and (iv) each place where transactions
have been conducted
---------------------------------------------------------------------------------------
a) Description of Exercise of warrants over ordinary shares
the financial of GBP0.0001p each in Cyba Plc
instrument, type
of instrument
GB00BMH18M705
Identification
code
------------------------------------------- ------------------------------------------
b) Nature of the Exercise of Warrants to acquire ordinary
transaction shares
------------------------------------------- ------------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
GBP0.01 5,000,000
------------------------------------------- ------------------------------------------
d) Aggregated information- Aggregated volume N/A
- Price
------------------------------------------- ------------------------------------------
e) Date of the transaction 1 May 2022
------------------------------------------- ------------------------------------------
f) Place of the transaction London Stock Exchange
------------------------------------------- ------------------------------------------
Details of the person discharging managerial responsibilities/person
1 closely associated
a) Name Rory Heier
------------------------------------------- -----------------------------------------
Reason for the notification
2
--------------------------------------------------------------------------------------
a) Position/status Director
------------------------------------------- -----------------------------------------
b) Initial notification/ Initial notification
Amendment
------------------------------------------- -----------------------------------------
Details of the issuer, emission allowance market participant,
3 auction platform, auctioneer or auction monitor
--------------------------------------------------------------------------------------
a) Name Cyba Plc
------------------------------------------- -----------------------------------------
b) LEI 213800K484JECP4RK284
------------------------------------------- -----------------------------------------
Details of the transaction(s): section to be repeated for
4 (i) each type of instrument; (ii) each type of transaction;
(iii) each date; and (iv) each place where transactions
have been conducted
--------------------------------------------------------------------------------------
a) Description of Grant of options over ordinary shares of
the financial GBP0.0001p each in Cyba Plc
instrument, type
of instrument
GB00BMH18M705
Identification
code
------------------------------------------- -----------------------------------------
b) Nature of the Grant of options over ordinary shares
transaction
------------------------------------------- -----------------------------------------
c) Strike Price(s) Price(s) Volume(s)
and volume(s) GBP0.02 25,000,000
------------------------------------------- -----------------------------------------
d) Aggregated information- Aggregated volume N/A
- Price
------------------------------------------- -----------------------------------------
e) Date of the transaction 24 May 2022
------------------------------------------- -----------------------------------------
f) Place of the transaction Off-Market
------------------------------------------- -----------------------------------------
Details of the person discharging managerial responsibilities/person
1 closely associated
a) Name Robert Mitchell
------------------------------------------- -----------------------------------------
Reason for the notification
2
--------------------------------------------------------------------------------------
a) Position/status Director
------------------------------------------- -----------------------------------------
b) Initial notification/ Initial notification
Amendment
------------------------------------------- -----------------------------------------
Details of the issuer, emission allowance market participant,
3 auction platform, auctioneer or auction monitor
--------------------------------------------------------------------------------------
a) Name Cyba Plc
------------------------------------------- -----------------------------------------
b) LEI 213800K484JECP4RK284
------------------------------------------- -----------------------------------------
Details of the transaction(s): section to be repeated for
4 (i) each type of instrument; (ii) each type of transaction;
(iii) each date; and (iv) each place where transactions
have been conducted
--------------------------------------------------------------------------------------
a) Description of Grant of options over ordinary shares of
the financial GBP0.0001p each in Cyba Plc
instrument, type
of instrument
GB00BMH18M705
Identification
code
------------------------------------------- -----------------------------------------
b) Nature of the Grant of options over ordinary shares
transaction
------------------------------------------- -----------------------------------------
c) Strike Price(s) Price(s) Volume(s)
and volume(s) GBP0.02 25,000,000
------------------------------------------- -----------------------------------------
d) Aggregated information- Aggregated volume N/A
- Price
------------------------------------------- -----------------------------------------
e) Date of the transaction 24 May 2022
------------------------------------------- -----------------------------------------
f) Place of the transaction Off-Market
------------------------------------------- -----------------------------------------
ENDS
Robert Mitchell CYBA Tel: +44 (0) 20 3468
2212
Catherine Leftley/Charlotte St Brides Partners cyba@stbridespartners.co.uk
Page/Isabel de Salis
------------------- ---------------------------
Peter Krens Tennyson Securities Tel: +44 (0)207 186 9030
------------------- ---------------------------
About CYBA plc
CYBA plc (LSE: CYBA) is a UK-listed cyber security group
specialising in high-end threat intelligence with a focus on
critical infrastructure. Through its 100% owned subsidiary, Narf
Industries, the Group leads commissioned cyber security R&D and
is commercialising a portfolio of products including a DARPA-backed
product (an agency within the US Department of Defence) that can be
used by utilities and cyber first responders to restore power to
electric grids that have suffered a cyber-attack. The Group aims to
further strengthen its portfolio organically and via acquisition;
its team of highly qualified cyber security experts is well placed
to identify opportunities.
Important notice
The content of this announcement has not been approved by an
authorised person within the meaning of the Financial Services and
Markets Act 2000 (FSMA). This announcement has been issued by and
is the sole responsibility of the Company. The information in this
announcement is subject to change. This announcement is not an
offer of securities for sale into the United States. The securities
referred to herein have not been and will not be registered under
the U.S. Securities Act of 1933, as amended (the Securities Act),
and may not be offered or sold, directly or indirectly, in or into
the United States, except pursuant to an applicable exemption from
registration. No public offering of securities is being made in the
United States. This announcement is not for release, publication or
distribution, directly or indirectly, in or into the United States,
Australia, Canada, the Republic of South Africa, Japan or any
jurisdiction where to do so might constitute a violation of local
securities laws or regulations (a Prohibited Jurisdiction). This
announcement and the information contained herein are not for
release, publication or distribution, directly or indirectly, to
persons in a Prohibited Jurisdiction unless permitted pursuant to
an exemption under the relevant local law or regulation in any such
jurisdiction.
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