Crossword Cybersecurity Plc (NEX:CCS, “Crossword” or the “Company”), the technology commercialisation company focusing exclusively on the cyber security sector, is pleased to announce that, further to the Company’s announcement last week outlining the Placing and Subscription, the Company has issued 736,842 new Ordinary Shares.
Admission of the new Ordinary Shares is expected to become effective and dealings will commence in new Ordinary Shares today.
Following admission of the Placing Shares and Subscription Shares, the Company’s enlarged issued share capital will comprise 3,120,250 Ordinary Shares of 5 pence each with voting rights in the Company. This figure 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 in the interest in, the share capital of the Company under the FCA’s Disclosure and Transparency Rules.
As part of the Subscription, Tom Ilube, Chief Executive Officer and Dr David Secher, Non-Executive Director, subscribed for, in aggregate, 137,366 new Ordinary Shares to raise proceeds of GBP260,995 as further detailed below. Holding prior to the announcement of Proposed Placing and SubscriptionNumber of Subscription Shares acquired pursuant to the Placing and SubscriptionImmediately following Admission of the Placing and Subscription Number of Ordinary Shares % of issued share capital Number of Ordinary Shares Number of Ordinary Shares % of issued share capital Sir Richard Dearlove – – – – – Thomas Ilube* 1,252,786 52.6 132,103 1,384,889 44.4 Dr David Secher 21,102 0.9 5,263 26,365 0.8 Professor David Stupples 5,263 0.2 – 5,263 0.2 Gordon Matthew – – – – – Andrew Gueritz – – – – –
* Thomas Ilube’s shareholding prior to the Placing and Subscription is made up of 1,097,342 shares held by him personally and 155,444 held by Beaufort Nominees Limited on his behalf
Placing Shares and Subscription Shares have been issued to the following substantial shareholders Holding prior to the announcement of Proposed Placing and SubscriptionNumber of Subscription Shares acquired pursuant to the Placing and SubscriptionImmediately following Admission of the Placing and Subscription Number of Ordinary Shares % of issued share capital Number of Ordinary Shares Number of Ordinary Shares % of issued share capital Moulton Goodies 236,842 9.94 52,632 289,474 9.3 Steven Gee 152,341 6.39 39,474 191,815 6.1 Maurice Zimmerman 152,341 6.39 26,316 178,657 5.7 Matthew O’Sullivan 105,263 4.2 – 105,263 3.4 Tariq Hussain 77,290 3.24 17,368 94,658 3.0
About Crossword
Crossword is a technology transfer company specialising in cyber security. Crossword works with universities who undertake advanced cyber security research in order to take their research through productisation to market.
Further information, please contact:
Tom Ilube- CEO, Crossword Cybersecurity Tel: +44 (0) 20 8973 2350 Email: info@crosswordcybersecurity.com
NEX Corporate Advisor Nick Michaels and Jon Isaacs, Alfred Henry Corporate Finance Limited www.alfredhenry.com Tel: +44 (0)207 251 3762
NEX Corporate Broker Claire Louise Noyce – CEO, Hybridan LLP Tel: +44 (0)203 764 2341 Email: claire.noyce@hybridan.com
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