Comment on Delay to Publication of Accounts

Crossword Cybersecurity PLC

27 September 2024

 

27 September 2024

Crossword Cybersecurity Plc

("Crossword", the "Company" or the "Group")

Comment on Delay to Publication of Interim Accounts

Further to its announcement of earlier today, the Board of  Crossword Cybersecurity plc (AIM: CCS), would like to provide additional information in respect of the delay to the publication of the Company's half year accounts for the period ended 30 June 2024 (the "Accounts"). 

As previously announced, there have recently been changes in senior personnel within the finance function as well as a substantial cost reduction programme involving a number of redundancies including within the finance function. The combined effect of the change in personnel along with the focus on bedding in cost reductions within the Group has meant that without investing in significant additional short term resource, which the Company was unable to do within the required timeframe, it was not possible to prepare the Accounts by 30 September 2024.

As announced earlier, the Company expects to announce the interim results by 31 October 2024.

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Contacts

Crossword Cybersecurity plc - Tel: [phone]

Email: [e-mail]

Stuart Jubb, Chief Executive Officer

Grant Thornton (Nominated Adviser) - Tel: [phone]

Colin Aaronson / Jamie Barklem / Ciara Donnelly / Elliot Peters

Hybridan LLP (Broker) - Tel: [phone]

Claire Louise Noyce

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™ suite of threat intelligence products, Trillion Breach, Harvista and Arc 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's ordinary shares are admitted to trading on the AIM market of the London Stock Exchange.

Visit Crossword at https://www.crosswordcybersecurity.com/

 

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