Crossword Cybersecurity PLC Grant of Options to Director and Others (1976I)
10 Agosto 2021 - 9:00AM
UK Regulatory
TIDMCCS
RNS Number : 1976I
Crossword Cybersecurity PLC
10 August 2021
Crossword Cybersecurity Plc
Share Option Awards
10 August 2021 - London, UK - Crossword Cybersecurity Plc
(AIM:CCS, "Crossword", the "Company" or the "Group"), the
technology commercialisation company focused on cyber security and
risk management, has today announced that it has granted 277,923
options comprising 172,500 options under the Company's Enterprise
Management Incentive Scheme (the "EMI Plan") and 105,423 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 35.5p per share . The options vest in three equal tranches on
the first, second and third anniversary of the date of grant.
Included in the 105,423 options granted under the Non Tax
Advantaged Plan are options to acquire 70,423 Ordinary Shares at an
exercise price of 35.5p per share that have been granted to the
Company's Chairman, Sir Richard Dearlove. Following this grant, Sir
Richard Dearlove holds options over 461,863 Ordinary Shares.
Following this grant of options, the total number of options
outstanding under the EMI Plan will be 1,064,930. A further
1,251,223 options are outstanding under the Non Tax Advantaged
Plan. The total number of options outstanding following this grant
will be 2,316,153 representing 3.09% 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.
Details of the person discharging managerial responsibilities
1 / person closely associated
a) Name Sir Richard Dearlove
-------------------------- ------------------------------------------
2 Reason for the notification
----------------------------------------------------------------------
a) Position/status Chairman
-------------------------- ------------------------------------------
b) Initial notification Initial Notification
/Amendment
-------------------------- ------------------------------------------
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 Options to acquire ordinary shares of
financial instrument, 0.5p each at a price of 35.5p per share.
type of instrument
Identification code For Ordinary Shares: GB00BNG2LT65
-------------------------- ------------------------------------------
b) Nature of the transaction Granting of options
-------------------------- ------------------------------------------
c) Price(s) and volume(s) Price Nil Volume 70,423
-------------------------- ------------------------------------------
d) Aggregated information N/A - single transaction
-------------------------- ------------------------------------------
e) Date of the transaction 10/08/2021
-------------------------- ------------------------------------------
f) Place of the transaction Off-market transaction
-------------------------- ------------------------------------------
- Ends -
Contacts
Crossword Cybersecurity plc - Tel: +44 (0) 20 3953 8460
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 / Lukas Girzadas
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,
Crossword's most recently launched 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. 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.
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END
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August 10, 2021 10:00 ET (14:00 GMT)
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