CYBA PLC Issue of Equity (5287L)
16 May 2022 - 4:01PM
UK Regulatory
TIDMCYBA
RNS Number : 5287L
CYBA PLC
16 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 AMENDED. ON PUBLICATION OF THIS
ANNOUNCEMENT VIA A REGULATORY INFORMATION SERVICE, THIS INFORMATION
IS CONSIDERED TO BE IN THE PUBLIC DOMAIN.
16 May 2022
CYBA plc
Issue of Shares to SRI International
CYBA plc ("CYBA" or the "Company") the cybersecurity group
specialising in high-end threat intelligence and critical
infrastructure security, is pleased to announce that, further to
the Company's announcement of 16 March 2022, it has issued
59,856,100 ordinary shares of GBP0.0001p each ("Ordinary Shares")
to its partner, SRI International ("SRI").
The issue of Ordinary Shares follows the announcement of the
commercial partnership with SRI regarding 'TIGR' (Threat
Intelligence for Grid Recovery), a power grid cyber security
product which Narf, CYBA's wholly owned subsidiary, is set to
launch in 2022. TIGR was developed under DARPA's (US Department of
Defense) RADICS program. The Ordinary Shares have been issued as
part of the TIGR agreement at an equivalent price of 2p per
share.
TIGR is an innovative cybersecurity product that can be used by
utilities and cyber first responders to rapidly find and neutralise
security compromises and restore power to electric grids and gas
pipelines following a cyberattack, with a total addressable market
of some 55,000 substations and 7,300 power plants in the US
alone.
On admission of the shares to trading, SRI will have a holding
of 3.6% of the enlarged issued share capital of CYBA.
Admission and Total Voting Rights
Application is being made for admission of 59,856,100 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 19 May 2022.
On Admission the Company will have 1,683,981,100 Ordinary Shares
in issue. The Company holds no shares in treasury. Accordingly, the
figure of 1,683,981,100 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.
ENDS
Robert Mitchell CYBA Tel: +44 (0) 20 3468 2212
Catherine Leftley/Charlotte Page/Isabel de Salis St Brides Partners cyba@stbridespartners.co.uk
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Peter Krens Tennyson Securities Tel: +44 (0)207 186 9030
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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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END
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