Crossword Cybersecurity plc appoints former GlaxoSmithKline & NHS CISO, Dr Robert Coles, as Chair of its new Advisory Board

London, UK – March 19, 2019– Crossword Cybersecurity plc (AIM:CCS, “Crossword”), the cyber security technology commercialisation company, has today announced the appointment of a new Advisory Board made up of senior figures from academia, the corporate world and government. The new Advisory Board, chaired by former GlaxoSmithKline & NHS CISO, Dr Robert Coles, will provide a range of unique perspectives on cyber security that will benefit Crossword clients and inform Crossword’s product development strategy.

Crossword’s world class Advisory Board brings together:

The Advisory Board will meet on a quarterly basis and as part of its responsibilities will:

Tom Ilube, CEO of Crossword, commented “Crossword is exceptionally fortunate to be able to attract such a world class group of senior industry figures to our new Advisory Board. We have big plans for the future and being able to draw upon the guidance, advice and networks of our new advisors will be invaluable.”

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 Visiting Professor at Royal Holloway, University of London and has extensive links with major industry information security networking groups and government security agencies.

General Sir Nick Houghton was Chief of the Defence Staff of the British Armed Forces, before retiring in 2016. Educated at Sandhurst and Oxford, General Houghton commanded 1st Battalion The Green Howards and an Infantry Brigade in Northern Ireland. Following his retirement from the army, General Houghton, an existing adviser to Crossword, became the 160th Constable of the Tower of London and a Trustee of Historic Royal Palaces and joined the House of Lords in 2017 as a crossbench peer, becoming Baron Houghton of Richmond.

Professor Nick Jennings CB FREng worked for the UK Government as the Chief Scientific Advisor for National Security from 2010 to 2015. Currently, Professor Jennings is the Vice-Provost for Research and Enterprise, as well as a Professor in Artificial Intelligence, at Imperial College London. Prior to joining Imperial College, Professor Jennings was the Regius Professor of Computer Science at the University of Southampton – the first holder of that title in the institution’s history. Jennings is an internationally recognised authority in the areas of artificial intelligence, autonomous systems, agent-based computing and cyber security. Professor Jennings has been a Senior Adviser to Crossword since 2016.

Fellow academic, Dr Una-May O’Reilly joined the MIT Computer Science and Artificial Intelligence Lab, Boston, as a Post-Doctoral Associate in 1996. Dr O’Reilly is the Founder and Principal Research Scientist of the AnyScale Learning For All (ALFA) Group at MIT-CSAIL. ALFA conducts research projects in artificial adversarial intelligence related to cybersecurity, MOOC data analytics, and data-driven medical modeling. As well as her academic prowess, O’Reilly brings to the board her extensive international connections.

 

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)20 3764 2341

Claire Louise Noyce

 

Media contact

Lorena Duke, Ginger PR Ltd – Tel: +44 (0) 19 3248 5300

Email: Lorena@gingerpr.co.uk

 

About Crossword Cybersecurity

Crossword Cybersecurity plc (AIM:CCS) is a technology commercialisation company focusing exclusively on the cyber security sector. We work with research intensive European university partners to identify promising cyber security intellectual property (IP) from research that our industry partners tell us meet emerging real-world challenges.

Our specialist cyber security software engineering team works with our university partners to develop research concepts into fully-fledged commercial products, that we then take to market. Our consulting team works with clients to address their cyber security challenges – by providing strategy, assessment and risk management services.

Crossword Cybersecurity plc (AIM: CCS, “Crossword”, the “Company” or the “Group”), the technology commercialisation company focusing exclusively on the cyber security sector, is pleased to announce that it has signed an agreement with Nuvia Limited (“Nuvia”) for the use of Crossword’s secure Third-party Assurance platform, Rizikon Assurance.

 

Nuvia is an international engineering, project management and service provider.  In the UK and internationally, they have been at the forefront of the nuclear industry and have developed a reputation for safe, high quality delivery.  Their operations include; turn-key design and build, consultancy, waste management, land remediation, decommissioning and radiation protection.

Nuvia benefits from being part of Soletanche Freyssinet, a world leader in specialised civil and geotechnical engineering, and a wholly owned subsidiary of VINCI, the world’s largest integrated concessions and construction group.

 

Rizikon Assurance is a secure, encrypted portal used by organisations to assure their third parties and suppliers.  It contains standard questionnaires on subjects such as cyber security, GDPR, supplier on-boarding, modern slavery and anti-bribery & corruption, and also supports the customer’s own question sets and scoring approaches.  It improves the scalability, security and auditability of third party assurance and due diligence via automation, centralisation and encryption.

 

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 leading 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.

Crossword Cybersecurity plc (AIM: CCS, “Crossword”, the “Company” or the “Group”), the technology commercialisation company focusing exclusively on the cyber security sector, is pleased to announce that it has signed an agreement with Kinnerton Confectionery regarding the use of Crossword’s secure Third-party Assurance platform, Rizikon Assurance.

Kinnerton Confectionery is Britain’s largest independent manufacturer of chocolate and novelty confectionery specialising in character merchandising.  From humble beginnings in 1978, the company has grown to service a range of customers and is proud to be one of the few UK confectionery companies able to offer ‘nut safe’ chocolate.

Rizikon Assurance is a secure, encrypted portal used by organisations to assure their third parties and suppliers.  It contains standard questionnaires on subjects such as cyber security, GDPR, supplier on-boarding, modern slavery and anti-bribery & corruption, and also supports the customer’s own question sets and scoring approaches.  It improves the scalability, security and auditability of third party assurance and due diligence via automation, centralisation and encryption.

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 leading 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.

Crossword Cybersecurity plc (AIM: CCS, “Crossword”, the “Company” or the “Group”), the technology commercialisation company focusing exclusively on the cyber security sector, is pleased to announce that it expects to report results in line with market expectations for the Financial Year ended 31 December 2018, in early April 2019.

Crossword expects to report revenue growth of 45%, with software related revenue increasing by more than 100%.  A number of recurring revenue contracts for Rizikon Assurance, Crossword’s Third Party Assurance Saas product, were secured towards the end of 2018 and early in 2019 in industry sectors including Health, IT Services, Nuclear & Professional Services, confirming management’s confidence in the strength of the pipeline which has been building since mid-2018.

Tom Ilube, CEO of Crossword, commented,

“2018 was another productive year for Crossword, culminating in our admission to AIM on 14 December, where we raised £2m.  The investment will help to continue to grow and convert the Group’s current pipeline of £1.4 million which stretches over 30 companies in a wide range of sectors. We are well positioned to deliver a year of strong revenue growth.   

Our in depth understanding of what’s happening in academic cyber security research, alongside our current and developing relationships with research intensive European university partners, means Crossword is well placed to identify promising cyber security intellectual property (IP) from research, that our industry partners tell us meets emerging real-world challenges.” 

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 8973 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 leading 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.

 Crossword Cybersecurity plc review of nearly 1,200 global projects finds Cyber Physical Systems, Privacy, IoT and Cryptography are the strongest cyber security areas to watch – But Artificial Intelligence is an “apparent omission”

 

London, UK – January 10, 2019  – Crossword Cybersecurity plc (AIM:CCS), the cyber security technology commercialisation company, has today released insights from its global review of academic cyber security research.  The new database looked at nearly 1,200 current and past research projects from academic institutions in the United Kingdom, United States, Europe, Australia, and Africa.  It reaffirmed the value of the cyber security research market, with reported funding of EU projects at over €1 billion.

The database identified several global trends by comparing the periods January 2008 to June 2013 with July 2013 to December 2018.

Significant differences can also be seen between regions. For instance, the EU appears distinctly focused on minimising Small & Medium Enterprises’ (SME) exposure to cyber security risk. Conversely, when compared with other regions, the US has a greater focus on the human component of cyber security. Other US top project funding areas include Cyber Physical Systems (as applied to smart cities and power grids), securing the cloud, cybercrime, and the privacy of Big Data sets (as applied to the scientific research community).

UK invests in securing the physical world

In the UK, the leading research verticals are critical infrastructure and securing the health sector (with 11 current projects each). Current funding across UK projects exceeds £70m, with quantum and IoT-related projects both more than doubling over five years.  There are currently nine new UK projects with a focus on Cyber Physical Systems.

The four UK projects with the greatest funding are in the fields of Safe and Trustworthy Robotics, Big Data Security, Cybercrime in the Cloud and Quantum Technology for Secure Communications.

The most notable UK decline was in big data projects, which have dropped by 85%.

Cryptography remains strong

There are currently 52 global projects with a cryptographic focus, and at least 39 current live EU projects featuring a cryptographic element. In the UK, this area has been consistently strong over the last ten years, with 18 projects starting between 2008 and mid 2013, and 19 projects from mid 2013 to now.

Tom Ilube, CEO at Crossword Cybersecurity plc said of the analysis, “The need to protect critical infrastructure has never been stronger as technology becomes more deeply embedded in every aspect of our daily lives.  However, one apparent omission is research solely focused on the application of AI techniques to complex cyber security problems. We hope to see more of that in the future, as the industry works to stay ahead of the constantly evolving cyber security landscape.”

The Crossword Cybersecurity database will be periodically updated, to deliver ongoing insight into the most prevalent cyber security research trends and investment areas. If you are interested in further details, please contact the Scientific Advisory Team at Crossword Cybersecurity on innovation@crosswordcybersecurity.com

Crossword Cybersecurity plc
Tel: +44 (0) 20 8973 2350
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 / Samuel Rowe

Hybridan LLP (Broker)
Tel: +44 (0)203 764 2341
Claire Louise Noyce

Media contact:
Ginger PR Ltd
Lorena Duke Lorena@gingerpr.co.uk
01932 485 300

About Crossword Cybersecurity

Crossword Cybersecurity plc (AIM:CCS) is a technology commercialisation company focusing exclusively on the cyber security sector. We work with research intensive European university partners to identify promising cyber security intellectual property (IP) from research that our industry partners tell us meet emerging real-world challenges.

Our specialist cyber security software engineering team work with our university partners to develop research concepts into fully-fledged commercial products, that we then take to market. Our consulting team work with clients to address their cyber security challenges- by providing strategy, assessment and risk management services.

Notes to editors

Research methodology

Crossword identified nearly 1,200 projects, primarily by obtaining data from national funding bodies including the UK Engineering and Physical Sciences Research Council, American National Science Foundation, Australian Research Council and the European Commission. As well as this, open-source searching of available publications was conducted, as well as talking with Crossword’s existing academic contacts.

This research extends that of the original Crossword Cybersecurity CLUE database which featured 412 projects from major UK and European universities. This is not a comprehensive list of all projects across the globe, but a snapshot based on readily accessible information. Crossword Cybersecurity continually works to aggregate details of cyber security projects, and will release updated findings in the future.

– ENDS –

Crossword Cybersecurity plc (AIM: CCS, “Crossword”, the “Company” or the “Group”), the technology and consulting company focusing on the cyber security sector, has received a notice exercising options to acquire 666 ordinary shares of 5p each (“Ordinary Shares”) at a price of £1.90 pence per Ordinary Share.

Settlement and dealings

Application will be made for the admission of 666 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 4 January 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 4,680,396 Ordinary Shares in issue with voting rights attached. Crossword holds no shares in treasury. This figure of 4,680,396 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 8973 2350
Email: info@crosswordcybersecurity.com

Tom Ilube, Chief Executive Officer

Mary Dowd, Finance Director

 

Grant Thornton (Nominated Advisor) – Tel: +44 (0) 20 7383 5100

Colin Aaronson / Jamie Barklem / Samuel Rowe

 

Hybridan LLP (Broker) – Tel: +44 (0) 20 3764 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.

TR-1: Standard form for notification of major holdings

Crossword Cybersecurity plc (AIM: CCS, “Crossword”, the “Company” or the “Group”), the technology and consulting company focusing on the cyber security sector, is pleased to announce that following the cancellation of its shares from trading on NEX yesterday, Admission of the Company’s Shares to trading on AIM will take place at 8.00 a.m. today, 14 December 2018 (“Admission”). Dealings will commence under the ticker “CCS” and the Company’s ISIN is GB00BPFJXS57 and its SEDOL is BYX0M86.

On Admission, the Company will have a market capitalisation of approximately £13.6 million, following a successful placing and subscription of approximately £2.0 million before expenses (the “Fundraise”). The net proceeds of the Fundraise will principally be used to further develop the Group’s operations and to support existing and future contracts.

Following Admission, the total number of Ordinary Shares in the Company in issue will be 4,679,730; each with equal voting rights. The total voting rights figure can be used by shareholders as the denominator for the calculations by which they will determine whether they are required to notify their interest in, or a change of their interest in, the Company under the Disclosure Guidance and Transparency Rules of the Financial Conduct Authority.

The Company’s admission document, together with further details of the Company can be found on the Company’s website: www.crosswordcybersecurity.com

Tom Ilube, Crossword’s CEO, said:

“I am delighted that Crossword has reached this important milestone and I would like to thank Crossword’s existing and new shareholders for their continued support as the Company continues to grow. AIM is an excellent platform for Crossword to achieve its ambitious growth plans over the coming years.”

Contacts

Crossword Cybersecurity Plc – Tel: +44 (0) 20 8973 2350
– 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 / Samuel Rowe

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.

Please click below to view the Schedule 1 Update.

Schedule 1 Update

Crossword Cybersecurity Plc (NEX:CCS, “Crossword” the “Company” or the “Group”) is pleased to announce that it has successfully raised £2 million before expenses by way of a placing and subscription for shares (the “New Shares”), the net proceeds of which will be used to further develop the Group’s operations and to support existing and future contracts (the “Fundraise”).

The Fundraise is conditional on, amongst other things, admission of the Company’s existing ordinary shares (“Ordinary Shares”) and the New Shares to trading on AIM (“Admission”). Admission is expected to occur on Friday 14 December 2018.

Consequently, the Company will withdraw its Ordinary Shares from trading on the NEX Exchange Growth Market as at the close of business on Thursday 13 December 2018.

The directors of the Company accept responsibility for the contents of this announcement.

 

For further information, please contact:

 

Tom Ilube – CEO
Crossword Cybersecurity Plc
www.crosswordcybersecurity.com
Tel: +44 208 973 2350
Email: info@crosswordcybersecurity.com
Twitter: @crosswordcyber

NEX Exchange Corporate Advisor
Nick Michaels and Jon Isaacs Alfred Henry Corporate Finance Limited
www.alfredhenry.com
Tel: +44 207 251 3762

NEX Corporate Broker
Claire Louise Noyce – CEO, Hybridan LLP
Tel: +44 (0) 203 764 2341
Email: claire.noyce@hybridan.com

The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014.

 

–  ENDS  –

ANNOUNCEMENT TO BE MADE BY THE AIM APPLICANT PRIOR TO ADMISSION IN ACCORDANCE WITH RULE 2 OF THE AIM RULES FOR COMPANIES (“AIM RULES”)
 
COMPANY NAME:
Crossword Cybersecurity plc
COMPANY REGISTERED OFFICE ADDRESS AND IF DIFFERENT, COMPANY TRADING ADDRESS (INCLUDING POSTCODES) :
Registered Office

6th Floor, 60 Gracechurch Street

London EC3V 0HR

 

Principal Trading Office

1st Floor, Midmoor House,

1-2 Kew Road,

Richmond Upon Thames TW9 2NQ

 

COUNTRY OF INCORPORATION:
England and Wales

 

COMPANY WEBSITE ADDRESS CONTAINING ALL INFORMATION REQUIRED BY AIM RULE 26:
www.crosswordcybersecurity.com
COMPANY BUSINESS (INCLUDING MAIN COUNTRY OF OPERATION) OR, IN THE CASE OF AN INVESTING COMPANY, DETAILS OF ITS INVESTING POLICY).  IF THE ADMISSION IS SOUGHT AS A RESULT OF A REVERSE TAKE-OVER UNDER RULE 14, THIS SHOULD BE STATED:
Crossword Cybersecurity plc is the parent company of the Crossword group of companies (“Crossword”, the “Company”, or the “Group”), which focus on the cyber security sector. The Group has two principal areas of activity, being (i) the development and commercialisation of university research-based cyber security related software and (ii) cyber security consulting. The main country of operation is the UK.

Over the last four years, the Group has signed memoranda of understanding and agreements with 14 universities to explore potential commercialisation opportunities or work with them on cyber security research ideas.

The Group’s specialist cyber security product development and software engineering teams in Richmond upon-Thames in the UK and in Krakow, Poland, work with its university partners to develop the research concept into a fully-fledged commercial product that it will then take to market.

Its current portfolio of products comprises Rizikon Assurance, a SaaS platform designed to help larger organisations manage third-party assurance at scale with a particular focus on cyber security and Rizikon Standard, a Cyber-risk and GDPR compliance assessment tool aimed at small to medium companies. The Group also has a third product, Nixer, a version of which is currently undergoing testing. Nixer is a machine-learning based product aimed at protecting against Application-layer DDoS attacks and the growing menace of automated attack tools.

 

DETAILS OF SECURITIES TO BE ADMITTED INCLUDING ANY RESTRICTIONS AS TO TRANSFER OF THE SECURITIES (i.e. where known, number and type of shares, nominal value and issue price to which it seeks admission and the number and type to be held as treasury shares):
TBC ordinary shares of £0.05 each in the capital of the Company, at an issue price of £TBC

 

No ordinary shares are to be held in treasury

 

There are no restrictions on the transfer of ordinary shares

CAPITAL TO BE RAISED ON ADMISSION (AND/OR SECONDARY OFFERING) AND ANTICIPATED MARKET CAPITALISATION ON ADMISSION:
Capital to be raised on Admission: up to £2.25 million

 

Expected market capitalisation at Admission: £TBC million

PERCENTAGE OF AIM SECURITIES NOT IN PUBLIC HANDS AT ADMISSION:
TBC%

 

DETAILS OF ANY OTHER EXCHANGE OR TRADING PLATFORM TO WHICH THE AIM SECURITIES (OR OTHER SECURITIES OF THE COMPANY) ARE OR WILL BE ADMITTED OR TRADED:
Crossword was admitted to the NEX Exchange Growth Market in September 2015. The Company’s shares will be cancelled from trading on the NEX Exchange Growth Market immediately prior to the admission of the Company’s enlarged share capital to trading on AIM

 

FULL NAMES AND FUNCTIONS OF DIRECTORS AND PROPOSED DIRECTORS (underlining the first name by which each is known or including any other name by which each is known):
Executive Directors

Thomas Segun Ilube, CBE, Chief Executive Officer (also known as Tom)

Mary Michelle Dowd, Finance Director

Non-Executive Directors

Sir Richard Billing Dearlove, KCMG OBE, Chairperson

Dr David Stanley Secher, Independent Non-Executive Director

Professor David William Stupples, Non-Executive Director

Gordon John Matthew, Non-Executive Director

Andrew William John Gueritz, Independent Non-Executive Director

Ruth Louise Anderson, Independent Non-Executive Director

 

 

FULL NAMES AND HOLDINGS OF SIGNIFICANT SHAREHOLDERS EXPRESSED AS A PERCENTAGE OF THE ISSUED SHARE CAPITAL, BEFORE AND AFTER ADMISSION (underlining the first name by which each is known or including any other name by which each is known):
  Percentage of issued share capital

 

Before Admission On Admission
Thomas Ilube (1) 34.64 TBC%
Brenlen Jinkens 8.73 TBC%
Moulton Goodies Ltd 7.25 TBC%
Steven Gee 5.74 TBC%
Maurice Zimmerman 5.41 TBC%
Marlborough Nano-Cap Growth Fund 4.64 TBC%
Share Nominees Limited 3.98 TBC%
John Taysom 3.17 TBC%

 

(1)Thomas Ilube’s shareholding is made up of 31.37% of shares held by him personally and 3.27% held by Share Nominees Limited on his behalf

 

 

NAMES OF ALL PERSONS TO BE DISCLOSED IN ACCORDANCE WITH SCHEDULE 2, PARAGRAPH (H) OF THE AIM RULES:
N/A

 

(i)            ANTICIPATED ACCOUNTING REFERENCE DATE

(ii)           DATE TO WHICH THE MAIN FINANCIAL INFORMATION IN THE ADMISSION DOCUMENT HAS BEEN PREPARED (this may be represented by unaudited interim financial information)

(iii)          DATES BY WHICH IT MUST PUBLISH ITS FIRST THREE REPORTS PURSUANT TO AIM RULES 18 AND 19:

(i)            31 December

(ii)           Main financial information prepared to the six months ended 30 June 2018

(iii)          30 June 2019 (12 month audited full year accounts to 31 December 2018), 30 September 2019 (6 month unaudited results to 30 June 2019), 30 June 2020 (12 month audited full year accounts to 31 December 2019)

 

EXPECTED ADMISSION DATE:
Mid-December 2018

 

NAME AND ADDRESS OF NOMINATED ADVISER:
Grant Thornton UK LLP

30 Finsbury Square,

London, England,

EC2A 1AG

NAME AND ADDRESS OF BROKER:
Hybridan LLP

20 Ironmonger Lane

London

EC2V 8EP

 

OTHER THAN IN THE CASE OF A QUOTED APPLICANT, DETAILS OF WHERE (POSTAL OR INTERNET ADDRESS) THE ADMISSION DOCUMENT WILL BE AVAILABLE FROM, WITH A STATEMENT THAT THIS WILL CONTAIN FULL DETAILS ABOUT THE APPLICANT AND THE ADMISSION OF ITS SECURITIES:
A copy of the Admission Document containing full details about the applicant and the admission of its securities will be available on the Company’s website at:

 

www.crosswordcybersecurity.com

 

THE CORPORATE GOVERNANCE CODE THE APPLICANT HAS DECIDED TO APPLY
The QCA Corporate Governance Code
DATE OF NOTIFICATION:
 

30 November 2018

 

NEW/ UPDATE:
 

NEW