30 May 2023 – London, UK –Crossword Cybersecurity Plc (AIM:CCS, “Crossword”, the “Company” or the “Group”), the technology commercialisation company focused on cyber security and risk, has today announced that it has granted 775,270 options comprising 425,000 options under the Company’s Enterprise Management Incentive Scheme (the “EMI Plan”) and 350,270 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 9.25p per share . The options vest in three equal tranches on the first, second and third anniversary of the date of grant.
Included in the 350,270 options granted under the Non Tax Advantaged Plan are options to acquire 270,270 Ordinary Shares at an exercise price of 9.25p per share that have been granted to the Company’s Chairman, Sir Richard Dearlove. Following this grant, Sir Richard Dearlove holds options over 732,133 Ordinary Shares.
Following this grant of options, the total number of options outstanding under the EMI Plan will be 1,306,790. A further 1,687,133 options are outstanding under the Non Tax Advantaged Plan. The total number of options outstanding following this grant will be 2,993,923 representing 3.19% 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.
Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them.
Contacts
Crossword Cybersecurity plc – Tel: +44 (0) 333 090 2587
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 / Jamie Barklem / Ciara Donnelly
Hybridan LLP (Broker) – Tel: +44 (0)203 764 2341
Claire Louise Noyce
For media enquiries contact:
Financial PR:
David Hothersall, Kinlan Communications
davidh@kinlan.net – Tel: +44 (0) 207 638 3435
General:
Duncan Gurney, GingerPR
duncan@gingerpr.co.uk – Tel: +44 (0)1932 485 300
About Crossword Cybersecurity plc
Crossword offers a range of cyber security solutions to help companies understand and reduce cyber security risk. We do this through a combination of people and technology, in the form of SaaS and software products, consulting, and managed services. Crossword's areas of emphasis are cyber security strategy and risk, supply chain cyber, threat detection and response, and digital identity and the aim is to build up a portfolio of cyber security products and services with recurring revenue models in these four areas. We work closely with UK universities and our products and services are often powered by academic research-driven insights. In the area of cybersecurity strategy and risk our consulting services include cyber maturity assessments, industry certifications, and virtual chief information security officer (vCISO) managed services.
Crossword's end-to-end supply chain cyber standard operating model (SCC SOM) is supported by our best-selling SaaS platform, Rizikon Assurance, along with cost-effective cyber audits, security testing services and complete managed services for supply chain cyber risk management. Threat detection and response services include our Nightingale AI-based network monitoring, our Trillion and Arc breached credentials tracking platforms, and incident response. Crossword's work in digital identity is based on the World Wide Web Consortium W3C verifiable credentials standard and our current solution, Identiproof, enables secure digital verification of individuals to prevent fraud.
Crossword serves medium and large clients including FTSE 100, FTSE 250 and S&P listed companies in various sectors, such as defence, insurance, investment and retail banks, private equity, education, technology and manufacturing and has offices in the UK, Poland and Oman. Crossword is traded on the AIM market of the London Stock Exchange.
Visit Crossword at https://www.crosswordcybersecurity.com/