REG - Crossword Cybersec - Comment on Delay to Publication of Accounts

Crossword CybersecurityAnnouncement

27/09/2024 17:00

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RNS Number : 0922G  Crossword Cybersecurity PLC  27 September 2024

27 September 2024

Crossword Cybersecurity Plc

("Crossword", the "Company" or the "Group")

Comment on Delay to Publication of Interim Accounts

Further to its announcement of earlier today, the Board of  Crossword
Cybersecurity plc (AIM: CCS), would like to provide additional information in
respect of the delay to the publication of the Company's half year accounts
for the period ended 30 June 2024 (the "Accounts").

As previously announced, there have recently been changes in senior personnel
within the finance function as well as a substantial cost reduction programme
involving a number of redundancies including within the finance function. The
combined effect of the change in personnel along with the focus on bedding in
cost reductions within the Group has meant that without investing in
significant additional short term resource, which the Company was unable to do
within the required timeframe, it was not possible to prepare the Accounts by
30 September 2024.

As announced earlier, the Company expects to announce the interim results by
31 October 2024.

 

 

- Ends -

 

Contacts

Crossword Cybersecurity plc - Tel: +44 (0) 333 090 2587

Email: info@crosswordcybersecurity.com

Stuart Jubb, Chief Executive Officer

Grant Thornton (Nominated Adviser) - Tel: +44 (0) 20 7383 5100

Colin Aaronson / Jamie Barklem / Ciara Donnelly / Elliot Peters

Hybridan LLP (Broker) - Tel: +44 (0) 203 764 2341

Claire Louise Noyce

 

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™ suite of threat intelligence products, Trillion Breach, Harvista
and Arc 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's ordinary
shares are admitted to trading on the AIM market of the London Stock Exchange.

Visit Crossword at https://www.crosswordcybersecurity.com/
(https://www.crosswordcybersecurity.com/)

 

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