10 August 2021 – London, UK - Crossword Cybersecurity Plc (AIM:CCS, “Crossword”, the “Company” or the “Group”), the technology commercialisation company focused on cyber security and risk management, has today announced that it has granted 277,923 options comprising 172,500 options under the Company’s Enterprise Management Incentive Scheme (the “EMI Plan”) and 105,423 options under the Non Tax Advantaged Plan to acquire ordinary shares of 0.5p each in the Company (“Ordinary Shares”) at an exercise price of 35.5p per share . The options vest in three equal tranches on the first, second and third anniversary of the date of grant.
Included in the 105,423 options granted under the Non Tax Advantaged Plan are options to acquire 70,423 Ordinary Shares at an exercise price of 35.5p per share that have been granted to the Company’s Chairman, Sir Richard Dearlove. Following this grant, Sir Richard Dearlove holds options over 461,863 Ordinary Shares.
Following this grant of options, the total number of options outstanding under the EMI Plan will be 1,064,930. A further 1,251,223 options are outstanding under the Non Tax Advantaged Plan. The total number of options outstanding following this grant will be 2,316,153 representing 3.09% of Crossword’s issued share capital.
Further details are set out in the PDMR form below, made in accordance with the Market Abuse Regulation (EU) No. 596/2014 which is part of UK law by virtue of the European Union (Withdrawal) Act 2018.
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Contacts
Crossword Cybersecurity plc – Tel: +44 (0) 20 3953 8460
Email: info@crosswordcybersecurity.com
Tom Ilube, Chief Executive Officer
Mary Dowd, Chief Financial Officer
Grant Thornton (Nominated Adviser) – Tel: +44 (0) 20 7383 5100
Colin Aaronson / Lukas Girzadas
Hybridan LLP (Broker) – Tel: +44 (0)203 764 2341
Claire Louise Noyce
For media enquiries contact:
Duncan Gurney, GingerPR
duncan@gingerpr.co.uk - Tel: +44 (0)1932 485 300
About Crossword Cybersecurity plc
Crossword Cybersecurity plc focuses on the development and commercialisation of university research-based cyber security and risk management 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 and manage all risks from their suppliers. Nixer CyberML, Crossword’s most recently launched product, is a new tool for businesses that want to solve advanced security and cybercrime problems, such as detecting and dealing with compromised accounts, fraud, and in-application denial of service attacks. 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.