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 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 Subscription
Number of Subscription
Shares acquired pursuant to the Placing and Subscription
Immediately 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 Subscription
Number of Subscription
Shares acquired pursuant to the Placing and Subscription
Immediately 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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