REG - Crossword Cybersec - Result of General Meeting

Crossword CybersecurityAnnouncement

11/03/2022 13:45

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RNS Number : 5412E  Crossword Cybersecurity PLC  11 March 2022

Crossword Cybersecurity Plc

Result of General Meeting

 

11 March 2022 - London, UK - Crossword Cybersecurity Plc
(http://www.crosswordcybersecurity.com/) (AIM:CCS, "Crossword", the "Company"
or the "Group"), the technology commercialisation company focused on cyber
security and risk, announces that, at its General Meeting held today, the
resolution put to the meeting was duly passed.

 

Further to the Company's announcements on 21 December 2021 and 21 February
2022, the Company is pleased to note that good progress is being made on
completing the acquisition of a cyber threat company, and the Company hopes to
be in a position to announce the signing of a binding acquisition agreement
shortly.  The consideration includes both cash upfront and a deferred element
which includes the issue of Ordinary Shares.

The resolution passed at the general meeting provides the Company with the
required authority to allot shares with a nominal value of £10,000 which will
enable the Company to issue the consideration shares and make possible the
proposed acquisition.

- Ends -

The information contained within this announcement is deemed to constitute
inside information as stipulated under the retained EU law version of the
Market Abuse Regulation (EU) No. 596/2014 (the "UK MAR") which is part of UK
law by virtue of the European Union (Withdrawal) Act 2018. The information is
disclosed in accordance with the Company's obligations under Article 17 of the
UK MAR. Upon the publication of this announcement, this inside information is
now considered to be in the public domain

 

 

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 / Daphne Zhang / Ciara Donnelly

 

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, another Crossword 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. Identiproof, Crossword's most recent product, is
the World Wide Web Consortium (W3C) verifiable credentials compatible
middleware and wallet technology. 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, including threat monitoring.

 

 

 

 

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