Crossword Cybersecurity PLC Exercise of options (8514W)
24 April 2019 - 4:26PM
UK Regulatory
TIDMCCS
RNS Number : 8514W
Crossword Cybersecurity PLC
24 April 2019
24 April 2019
Crossword Cybersecurity plc
Exercise of options
Crossword Cybersecurity plc (AIM: CCS, "Crossword", the
"Company" or the "Group"), the cyber security technology
commercialisation company, has received notices exercising options
to acquire 166 ordinary shares of 5p each ("Ordinary Shares") at a
price of GBP1.90 pence per Ordinary Share and 166 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 332 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 29 April 2019 ("Admission").
Total Voting Rights
For the purposes of the Financial Conduct Authority's Disclosure
Guidance and Transparency Rules ("DTRs"), following Admission,
Crossword will have 4,680,728 Ordinary Shares in issue with voting
rights attached. Crossword holds no shares in treasury. This figure
of 4,680,728 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
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 first product, is
a SaaS platform that enables medium to large companies to assess
the cyber maturity and GDPR readiness of their suppliers.
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.
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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