05 March 2020 – London, UK –Crossword Cybersecurity Plc (AIM:CCS, “Crossword”, the “Company” or the “Group”), the technology commercialisation company focused on cyber security and risk, announces that Tom Ilube, its Chief executive Officer, has been granted probate in respect of 2,105 Crossword ordinary shares of 5p each (“Ordinary Shares”) that had been held by his late sister which will be disposed of in due course. In addition, Mr Ilube holds 1,382,112 Ordinary Shares representing 29.7 per cent. of the Company’s total voting rights.
The following notification, made in accordance with the requirements of the EU Market Abuse Regulation, gives further details.
|1||Details of the person discharging managerial responsibilities / person closely associated|
|2||Reason for the notification|
|a)||Position/status||Chief Executive Officer|
|b)||Initial notification /Amendment||Initial Notification|
|3||Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor|
|a)||Name||Crossword Cybersecurity plc|
|4||Details of the transaction(s): section to be repeated for (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 the financial instrument, type of instrument
|Grant of probate in respect of ordinary shares of 5p each (“Ordinary Shares”)
Ordinary Shares: GB00BPFJXS57
|b)||Nature of the transaction||Grant of probate in respect of Ordinary Shares held by Mr Ilube’s late sister|
|c)||Price(s) and volume(s)
|Price £Nil Volume 2,105|
|Aggregated information||Price £Nil Volume 2,105|
|e)||Date of the transaction||4 March 2020|
|f)||Place of the transaction||Off-market transaction|
– Ends –
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.
Crossword Cybersecurity plc – Tel: +44 (0) 20 3953 8460
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 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.