REG - Crossword Cybersec - Share Option Awards

Crossword CybersecurityAnnouncement

30/05/2023 07:15

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RNS Number : 8746A  Crossword Cybersecurity PLC  30 May 2023

Crossword Cybersecurity Plc

Share Option Awards

 

30 May 2023 - 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 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.

 1    Details of the person discharging managerial responsibilities / person closely
      associated
 a)   Name                                                           Sir Richard Dearlove
 2    Reason for the notification
 a)   Position/status                                                Chairman

 b)   Initial notification /Amendment                                Initial Notification
 3    Details of the issuer, emission allowance market participant, auction
      platform, auctioneer or auction monitor
 a)   Name                                                           Crossword Cybersecurity plc
 b)   LEI                                                            213800FJNJGZBUSOZQ63
 4    Details of the transaction(s): section to be repeated 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 financial instrument, type of instrument    Options to acquire ordinary shares of 0.5p each at a price of 9.25p per share.

      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/
(https://www.crosswordcybersecurity.com/)

 

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