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.”
Crossword Cybersecurity Plc – Tel: +44 (0) 20 8973 2350 – Email: email@example.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.