Issue of Equity
16/05/2022 07:00
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RNS Number : 5287L CYBA PLC 16 May 2022
THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION AS STIPULATED UNDER THE UK
VERSION OF THE MARKET ABUSE REGULATION NO 596/2014 WHICH IS PART OF ENGLISH
LAW BY VIRTUE OF THE EUROPEAN UNION (WITHDRAWAL) ACT 2018, AS AMENDED. ON
PUBLICATION OF THIS ANNOUNCEMENT VIA A REGULATORY INFORMATION SERVICE, THIS
INFORMATION IS CONSIDERED TO BE IN THE PUBLIC DOMAIN.
16 May 2022
CYBA plc
Issue of Shares to SRI International
CYBA plc ("CYBA" or the "Company") the cybersecurity group specialising in
high-end threat intelligence and critical infrastructure security, is pleased
to announce that, further to the Company's announcement of 16 March 2022, it
has issued 59,856,100 ordinary shares of £0.0001p each ("Ordinary Shares") to
its partner, SRI International ("SRI").
The issue of Ordinary Shares follows the announcement of the commercial
partnership with SRI regarding 'TIGR' (Threat Intelligence for Grid Recovery),
a power grid cyber security product which Narf, CYBA's wholly owned
subsidiary, is set to launch in 2022. TIGR was developed under DARPA's (US
Department of Defense) RADICS program. The Ordinary Shares have been issued as
part of the TIGR agreement at an equivalent price of 2p per share.
TIGR is an innovative cybersecurity product that can be used by utilities and
cyber first responders to rapidly find and neutralise security compromises and
restore power to electric grids and gas pipelines following a cyberattack,
with a total addressable market of some 55,000 substations and 7,300 power
plants in the US alone.
On admission of the shares to trading, SRI will have a holding of 3.6% of the
enlarged issued share capital of CYBA.
Admission and Total Voting Rights
Application is being made for admission of 59,856,100 Ordinary Shares to the
Official List of the FCA (Standard Segment) and trading on the London Stock
Exchange's Main Market for listed securities ("Admission") which is expected
to occur at 8 a.m. on or around 19 May 2022.
On Admission the Company will have 1,683,981,100 Ordinary Shares in issue. The
Company holds no shares in treasury. Accordingly, the figure of 1,683,981,100
can be used by shareholders as the denominator for the calculations by which
they will determine if they are required to notify their interest in, or a
change to their interest in, the Company, under the Financial Conduct
Authority's Disclosure Guidance and Transparency Rules.
ENDS
Robert Mitchell CYBA Tel: +44 (0) 20 3468 2212
Catherine Leftley/Charlotte Page/Isabel de Salis St Brides Partners cyba@stbridespartners.co.uk
Peter Krens Tennyson Securities Tel: +44 (0)207 186 9030
About CYBA plc
CYBA plc (LSE: CYBA) is a UK-listed Cyber Security Group specialising in
high-end threat intelligence with a focus on critical infrastructure. Through
its 100% owned subsidiary, Narf Industries, the Group leads commissioned Cyber
Security R&D and is commercialising a portfolio of products including a
DARPA-backed product (an agency within the US Department of Defence) that can
be used by utilities and cyber first responders to restore power to electric
grids that have suffered a cyber-attack. The Group aims to further
strengthen its portfolio organically and via acquisition; its team of highly
qualified Cyber Security experts is well placed to identify opportunities.
Important notice
The content of this announcement has not been approved by an authorised person
within the meaning of the Financial Services and Markets Act 2000 (FSMA). This
announcement has been issued by and is the sole responsibility of the Company.
The information in this announcement is subject to change. This announcement
is not an offer of securities for sale into the United States. The securities
referred to herein have not been and will not be registered under the U.S.
Securities Act of 1933, as amended (the Securities Act), and may not be
offered or sold, directly or indirectly, in or into the United States, except
pursuant to an applicable exemption from registration. No public offering of
securities is being made in the United States. This announcement is not for
release, publication or distribution, directly or indirectly, in or into the
United States, Australia, Canada, the Republic of South Africa, Japan or any
jurisdiction where to do so might constitute a violation of local securities
laws or regulations (a Prohibited Jurisdiction). This announcement and the
information contained herein are not for release, publication or distribution,
directly or indirectly, to persons in a Prohibited Jurisdiction unless
permitted pursuant to an exemption under the relevant local law or regulation
in any such jurisdiction.
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