TIDMCCS
RNS Number : 6471Z
Crossword Cybersecurity PLC
25 May 2021
Crossword Cybersecurity Plc
Result of AGM
Board Changes
Total Voting Rights
25 May 2021 - London, UK - Crossword Cybersecurity Plc (AIM:CCS,
"Crossword", the "Company" or the "Group"), the technology
commercialisation company focused on cyber security and risk
management, announces that, at its AGM held today, all resolutions
put to the meeting were duly passed.
Share sub-division
As a result of one of the resolutions passed by Shareholders,
each existing Ordinary Share of 5p is being sub-divided into 10 new
ordinary shares of 0.5p each ("New Ordinary Shares"). The ISIN for
the New Ordinary Shares will be GB00BNG2LT65.
Application has been made for the admission of 57,618,900 New
Ordinary Shares to trading on AIM ("Admission") with Admission
expected to occur on 26 May 2021. CREST accounts are expected to be
credited on the same day and the date of dispatch of definitive
share certificates in respect of the New Ordinary Shares is
expected on or around 10 June 2021.
Total Voting Rights
For the purposes of the Financial Conduct Authority's Disclosure
Guidance and Transparency Rules ("DTRs"), following Admission,
Crossword will have 57,618,900 New Ordinary Shares in issue with
voting rights attached. Crossword holds no shares in treasury. This
figure of 57,618,900 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.
Board Changes
Crossword is also pleased to announce the appointment of Tara
Cemlyn-Jones and Robert Coles to the board of the Company as
non-executive directors with immediate effect.
Tara Cemlyn-Jones has 28 years' experience in financial services
with specialist knowledge of capital markets, M&A, strategy and
digital transformation across many sectors, including financial
services (asset & wealth management, retail banking and
fintech), energy & infrastructure and healthcare. Tara
Cemlyn-Jones was head of M&A at Lastminute.com and has held
senior positions at Schroders, Citigroup and Espirito Santo
Investment Bank. She is the founder and currently director of 25 x
25 Ltd, a not for profit enterprise co-ordinating the initiative to
get more women CEOs into UK Business.
Tara Persis Cemlyn-Jones, aged 50, is a director of 25 X 25
Limited.
There is no further information to be disclosed pursuant to
paragraph (g) of Schedule 2 of the AIM Rules. Tara Cemlyn-Jones
does not own any shares in the Company.
Dr Robert Coles is a highly experienced IT Risk and Cyber
Security leader. He is the former Chief Information Security
Officer of GlaxoSmithKline (GSK) and of the NHS, with over 30 years
commercial experience. Prior to his time at the NHS, Dr Robert
Coles worked for GlaxoSmithKline (GSK) from 2013 and was the
company's Chief Information Security Officer (CISO). Before GSK, Dr
Coles served as CISO for the National Grid and Merrill Lynch. Dr
Coles is an Honorary Professor at UCL and Governor of University of
Brighton and a member of its Audit Committee and has extensive
links with major industry information security networking groups
and government security agencies. Dr Coles is Chair of Crossword's
Advisory Board as well as of the Group's subsidiary, Crossword
Consulting Limited.
Robert Stephen Coles, aged 54, is a director of Crossword
Consulting Limited and Cumberland House Consulting Limited. There
is no further information to be disclosed pursuant to paragraph (g)
of Schedule 2 of the AIM Rules. Robert Coles does not own any
shares in the Company.
As previously announced, Gordon Matthew and David Stupples have
retired from the Board at the conclusion of the AGM. The other
Directors would like to thank both Gordon Matthew and David
Stupples for their service to the Company.
Tom Ilube CBE, CEO of Crossword Cybersecurity Plc, said: " I am
pleased to report that Crossword has made a strong start to 2021. W
e are experiencing great success from strategies to increase
Rizikon market penetration. In the last 6 months this has increased
10 fold, with the number of Rizikon users exceeding 250. I am
delighted to welcome Dr Robert Roles and Tara Cemlyn-Jones who join
the Board today. Robert is a very experienced Chief Information
Security Officer and former KPMG Partner who has been involved with
Crossword for a while, c hairing both our consulting business and
our Advisory Board. Tara has extensive investment banking and
mergers and acquisitions experience both in the UK and across
Europe and we will be leveraging her knowledge and contacts as we
scale up. "
The information contained within this announcement is deemed to
constitute inside information as stipulated under the Market Abuse
Regulations (EU) No. 596/2014 which is part of UK law by virtue of
the European Union (withdrawal) Act 2018. 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, Chief Financial Officer
Grant Thornton (Nominated Adviser) - Tel: +44 (0) 20 7383
5100
Colin Aaronson / Lukas Girzadas
Hybridan LLP (Broker) - Tel: +44 (0)203 764 2341
Claire Louise Noyce
For media enquiries contact:
Duncan Gurney, GingerPR
duncan@gingerpr.co.uk - Tel: +44 (0)1932 485 300
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.
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END
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