Crossword Cybersecurity plc (NEX: CCS, the “Company”) confirms that further to the announcement made on 29 August 2018, it is continuing to investigate the possibility of an admission to trading on AIM (“Admission”). The Company is proposing to raise up to £2.25 million before the end of December, conditional on Admission (the “Placing”). The Company intends to deploy a proportion of the net proceeds of the Placing towards investments in sales and marketing, and product development along with providing general working capital. An admission to AIM will provide the Company with the platform with which to deliver on its near-term objective to scale up its commercialisation activities.
Further announcements will be made as necessary.
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) 203 772 0021
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 –