CYBA PLC Issue of Equity (5157Y)
13 Mayo 2021 - 1:17AM
UK Regulatory
TIDMCYBA
RNS Number : 5157Y
CYBA PLC
13 May 2021
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 (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.
13 May 2021
CYBA plc ("CYBA" or the "Company")
Placing to raise GBP2 Million
CYBA plc ("CYBA" or the "Company") has completed a placement of
100 million ordinary shares of 0.0001p each ("Ordinary Shares") at
a price of 2p per ordinary share to raise GBP2 million (the
"Placing"), before expenses to new and existing shareholders of
Cyba plc. The Placing is conditional on admission of the Ordinary
Shares to trading on the standard listing segment of the Official
List maintained by the FCA and to the London Stock Exchange's main
market for listed securities ("LSE"). The broker to the Placing was
Tennyson Securities.
The Board are considering and actively pursuing certain
transaction opportunities to grow the Company. The potential
transactions are in line with the stated strategy of the Company at
the time of admission earlier this year. The Placing funds will be
used to pay additional costs to be incurred as the Company
accelerates this acquisition strategy. The Board will have a
further update for shareholders on the progress soon.
Application has been made for the 100 million new Ordinary
shares being issued in connection with the Placing to be admitted
to trading to LSE, which is expected to occur on Monday 17 May
2021.
Following admission of the new Ordinary Shares, the Company's
enlarged issued share capital will comprise 624,525,000 Ordinary
Shares with voting rights. The Company has no shares held in
Treasury. This figure of 624,525,000 Ordinary Shares may be used by
shareholders in the Company as the denominator for the calculations
by which they will determine if they are required to notify their
interest in, or a change in their interest in, the share capital of
the Company under the FCA's Disclosure Guidance and Transparency
Rules.
ENDS
For further information on the Company please visit
www.cybaplc.com, with the Company's Prospectus to be found at
www.cybaplc.com/investor-relations/corporate-documents or
contact:
Robert Mitchell CYBA Tel: +44 (0) 20 3468
2212
Peter Krens Tennyson Securities Tel: +44 (0)207 186
9030
-------------------- -----------------------------
Catherine Leftley / St Brides Partners Tel: +44 (0)207 236
Frank Buhagiar Ltd, 1177
Financial PR info@stbridespartners.co.uk
-------------------- -----------------------------
About CYBA plc
CYBA plc ("CYBA") is a special purpose acquisition company
("SPAC") seeking suitable acquisition targets in the Cyber Security
sector.
CYBA intends to implement its strategy focussed on building a
group capable of offering Cyber and Cybersecurity solutions in the
US and globally.
The Company intends to leverage the deep industry knowledge of
its board and associates to undertake due diligence on the
commercial attributes of a target entity's business.
Further information in respect of the Company and its business
interests is provided on the Company's website at
www.cybaplc.com
Forward-looking statements
Certain statements in this announcement constitute
"forward-looking statements". Forward-looking statements include
statements concerning the plans, objectives, goals, strategies and
future operations and performance of the Company and the
assumptions underlying these forward-looking statements. The
Company uses the words "anticipates", "estimates", "expects",
"believes", "intends", "plans", "may", "will", "should", and any
similar expressions to identify forward-looking statements. Such
forward-looking statements involve known and unknown risks,
uncertainties and other important factors that could cause the
Company's actual results, performances or achievements to be
materially different from any future results, performances or
achievements expressed or implied by such forward-looking
statements. Such forward-looking statements are based on numerous
assumptions regarding present and future business strategies and
the environment in which the Company will operate in the future.
These forward-looking statements speak only as at the date of this
announcement. The Company is not obliged, and does not intend, to
update or to revise any forward-looking statements, whether as a
result of new information, future events or otherwise except to the
extent required by any applicable law or regulation. All subsequent
written or oral forward-looking statements attributable to the
Company, or persons acting on behalf of the Company, are expressly
qualified in their entirety by the cautionary statements contained
throughout this announcement. As a result of these risks,
uncertainties and assumptions, a prospective investor should not
place undue reliance on these forward-looking statements.
Information to distributors
Solely for the purposes of Paragraph 3.2.7R regarding the
responsibilities of UK Manufacturers under the Product Governance
requirements contained within Chapter 3 of the FCA Handbook Product
Intervention and Product Governance Sourcebook (the "UK Product
Governance Requirements"), and disclaiming all and any liability,
whether arising in tort, contract or otherwise, which any
"manufacturer" (for the purposes of the UK Product Governance
Requirements) may otherwise have with respect thereto, the new
Ordinary shares have been subject to a product approval process,
which has determined that the new Ordinary shares are: (i)
compatible with an end target market of (a) retail investors, (b)
investors who meet the criteria of professional clients and (c)
eligible counterparties, each as defined in UK Product Governance
Requirements; and (ii) eligible for distribution through all
distribution channels as are permitted by UK Product Governance
Requirements (the "Target Market Assessment"). Notwithstanding the
Target Market Assessment, distributors should note that: the price
of the Placing Shares may decline and investors could lose all or
part of their investment; the Placing Shares offer no guaranteed
income and no capital protection; and an investment in the Placing
Shares is compatible only with investors who do not need a
guaranteed income or capital protection, who (either alone or in
conjunction with an appropriate financial or other adviser) are
capable of evaluating the merits and risks of such an investment
and who have sufficient resources to be able to bear any losses
that may result therefrom. The Target Market Assessment is without
prejudice to the requirements of any contractual, legal or
regulatory selling restrictions in relation to the Placing.
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END
IOESFDSMDEFSEFI
(END) Dow Jones Newswires
May 13, 2021 02:17 ET (06:17 GMT)
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