TIDMCCS
RNS Number : 8746A
Crossword Cybersecurity PLC
30 May 2023
Crossword Cybersecurity Plc
Share Option Awards
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,
announces 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.
Details of the person discharging managerial responsibilities
1 / person closely associated
a) Name Sir Richard Dearlove
-------------------------- ------------------------------------------
Reason for the notification
2
----------------------------------------------------------------------
a) Position/status Chairman
-------------------------- ------------------------------------------
b) Initial notification Initial Notification
/Amendment
-------------------------- ------------------------------------------
Details of the issuer, emission allowance market participant,
3 auction platform, auctioneer or auction monitor
----------------------------------------------------------------------
a) Name Crossword Cybersecurity plc
-------------------------- ------------------------------------------
b) LEI 213800FJNJGZBUSOZQ63
-------------------------- ------------------------------------------
Details of the transaction(s): section to be repeated
4 for (i) each type of instrument; (ii) each type of transaction;
(iii) each date; and (iv) each place where transactions
have been conducted
----------------------------------------------------------------------
a) Description of the Options to acquire ordinary shares of
financial instrument, 0.5p each at a price of 9.25p per share.
type of instrument
Identification code For Ordinary Shares: GB00BNG2LT65
-------------------------- ------------------------------------------
b) Nature of the transaction Granting of options
-------------------------- ------------------------------------------
c) Price(s) and volume(s) Price Nil Volume 270,270
-------------------------- ------------------------------------------
d) Aggregated information N/A - single transaction
-------------------------- ------------------------------------------
e) Date of the transaction 26/05/2023
-------------------------- ------------------------------------------
f) Place of the transaction Off-Market transaction
-------------------------- ------------------------------------------
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/
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END
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May 30, 2023 02:00 ET (06:00 GMT)
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