Grant of Options

Crossword Cybersecurity Plc (NEX: CCS) is pleased to announce that 6,757 options, which were granted under an unapproved share scheme on 25 May 2018, will vest in three equal tranches on first, second and third anniversary of the date of grant and are exercisable into 6,757 Ordinary Shares at a price of GBP 3.70 per share. The recipient of these options is Sir Richard Dearlove, the Company’s Non-Executive Chairman.


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Result of AGM

Crossword Cybersecurity Plc (NEX: CCS) confirms that all resolutions were passed at its Annual General Meeting held earlier today. 

The Company is exploring the possibility of an AIM listing later in 2018 but no decisions have yet been made.

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Appointment of Finance Director

Crossword Cybersecurity Plc (NEX: CCS, "Crossword"), the technology commercialisation company focusing exclusively on the cyber security sector, is pleased to announce the appointment of Mary Michelle Dowd as Finance Director to help drive Crossword's next stage of growth. Mary takes up her appointment on 16th May, 2018 and it is expected that she will join Crossword's Board of Directors at the next Board meeting in June and there will be a further announcement in this respect. 

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Notice of AGM

Crossword Cybersecurity Plc (NEX: CCS) confirms that it will hold its Annual General Meeting at the offices of Shakespeare Martineau LLP, 6th Floor, 60 Gracechurch Street, London EC3V 0HR on Wednesday 30th May 2018 at 3.00pm.

The Annual Report, Notice of AGM and Form of Proxy have now been posted to shareholders.

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Crossword Cybersecurity Plc: Final Results

Crossword Cybersecurity Plc (NEX: CCS), the technology commercialisation company focusing exclusively on the cyber security sector, today announces its Final Results for the year ended 31 December 2017.

Highlights for the period

  • Generated £737k of revenue in 2017 vs £345k in 2016, recording revenue growth of over 113%, as we continue to accelerate sales activity, whilst still investing significantly in product R&D

  • Launched Rizikon Assurance, a GDPR Software-as-a-Service (SaaS) solution based on a recurring revenue model, designed to enable medium and large companies to assess and monitor the cyber security risks of their large supplier base.

  • Launched a major initiative, CyberAI, applying leading edge Artificial Intelligence and Machine Learning techniques to real world cyber security challenges with academic researchers from MIT, Imperial College and Edinburgh University and four major companies: a global investment bank, a FTSE 100 retail bank, a multinational insurance company and a big four professional services firm.

  • CyberOwl, the spin out from Coventry University funded by Mercia Fund Management that Crossword created, is making strong progress and raised a further £750k from Mercia and Coventry University

  • Created a spin out company called ByzGen, based around blockchain research work with Warwick University and EPFL in Switzerland, attracting £500k of funding from RFS Ltd.

  • Appointed Rob Johnson as Chief Operating Officer from Mercia Technologies, the AIM listed tech transfer business, where he managed the software and internet investments

  • General Nick Houghton, Baron Houghton of Richmond, former Chief of Defence Staff of the British Armed Forces joined as a senior adviser bringing his considerable knowledge of global security issues to the company as we start to consider international expansion.

  • Raised £145k in May 2017 at a subscription price of £2.30

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Crossword Cybersecurity Plc: Issue of New Shares

Crossword Cybersecurity Plc (NEX:CCS, "Crossword" or the "Company"), the technology commercialisation company focusing exclusively on the cyber security sector, announces that 6,666 options, under the Company's Enterprise Management Incentive Scheme, have been exercised. 

The options were exercisable at £1.90 per share and therefore consideration of £12,665.40 has been received and 6,666 Ordinary Shares of 5 pence each have been issued. 

Following this issue of shares, the Company's enlarged issued share capital will comprise 3,990,074 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. 

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Crossword Cybersecurity Plc: Issue and Admission of New Shares

Crossword Cybersecurity Plc (NEX:CCS, “Crossword” or the “Company”), the technology commercialisation company focusing exclusively on the cyber security sector, is delighted to announce that, further to the Company's announcement last week outlining the oversubscribed Placing and Subscription, the Company has issued 800,000 new Ordinary Shares conditional on Admission (as defined below). Defined terms used herein have the same meanings as in the announcement made by the Company last week.

Admission of the new Ordinary Shares is expected to become effective and dealings will commence in new Ordinary Shares by 4pm today.

Following admission of the Placing Shares and Subscription Shares, the Company's enlarged issued share capital will comprise 3,983,408 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.

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Crossword Cybersecurity Plc: Placing and Subscription and Director Dealings

THIS ANNOUNCEMENT IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART, IN, INTO OR FROM THE UNITED STATES, CANADA, AUSTRALIA, THE REPUBLIC OF SOUTH AFRICA, THE REPUBLIC OF IRELAND OR JAPAN OR ANY OTHER JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A BREACH OF THE RELEVANT SECURITIES LAWS OF SUCH JURISDICTION.

This announcement does not constitute a prospectus or offering memorandum or an offer in respect of any securities and is not intended to provide the basis for any decision in respect of Crossword Cybersecurity plc or other evaluation of any securities of Crossword Cybersecurity plc or any other entity and should not be considered as a recommendation that any investor should subscribe for or purchase any such securities.

This announcement contains inside information.

8 March 2018

Crossword Cybersecurity plc

Placing and Subscription and Director Dealings

Crossword Cybersecurity Plc (NEX: CCS, “Crossword” or the “Company”), the technology commercialisation company focusing exclusively on the cyber security sector, is delighted to announce it has completed an oversubscribed placing and subscription of £2.16m.

Hybridan LLP (“Hybridan”) acting on behalf of the Company have placed 400,000 new Ordinary Shares of £0.05 per share par value in Crossword (“Ordinary Shares”) (“Placing Shares”) at a subscription price of £2.70 per Placing Share (the “Placing Price”) and the Company has procured the subscription of 400,000 new Ordinary Shares (the “Subscription Shares”) at the Placing Price (the “Subscription”). Accordingly, the Company has allotted (conditional on Admission (as defined below)) 800,000 new Ordinary Shares and raised gross proceeds totalling £2.16 million at a Placing Price of £2.70 per share.  Hybridan is acting as broker (“Broker”) to the Company in respect of the Placing.

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Dr Paul Galwas appointed as Crossword’s Chief Scientific Officer to lead AI initiative

Crossword Cybersecurity Plc (NEX: CCS), the technology commercialisation company focusing exclusively on the cyber security sector, is pleased to announce the appointment of Dr. Paul Galwas, as Chief Scientific Officer, effective 5th March, 2018.

Dr. Paul Galwas joins from Digital Catapult, a technology and innovation centre backed by government, where he has shaped multiple national cyber security policy and research strategies, worked on BSI security standards and has previously led a number of collaborative research projects. Over 20 years, at nCipher, Secerno and Cellcrypt, Paul worked on privacy, trust and identity, digital asset protection and sharing, IoT & distributed ledger security, secure payment systems, and with various UK and US Government agencies on classified mobile security.

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