Crossword Cybersecurity Plc : Issue of Equity

November 24, 2016

Crossword Cybersecurity plc
Issue and admission of new shares

Crossword Cybersecurity Plc (ISDX:CCS, "Crossword" or the "Company"), the technology commercialisation company focusing exclusively on the cyber security sector, is pleased to announce that, further to the Company's announcement last week outlining the Placing and Subscription, the Company has issued 736,842 new Ordinary Shares.

Admission of the new Ordinary Shares is expected to become effective and dealings will commence in new Ordinary Shares today.

Following admission of the Placing Shares and Subscription Shares, the Company's enlarged issued share capital will comprise 3,120,250 Ordinary Shares of 5 pence each with voting rights in the Company. This figure 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 the interest in, the share capital of the Company under the FCA's Disclosure and Transparency Rules.

As part of the Subscription, Tom Ilube, Chief Executive Officer and Dr David Secher, Non-Executive Director, subscribed for, in aggregate, 137,366 new Ordinary Shares to raise proceeds of £260,995 as further detailed below.

	Holding prior to the announcement of Proposed Placing and Subscription		Number of Subscription Shares acquired pursuant to the Placing and Subscription	Immediately following Admission of the Placing and Subscription
	Number of Ordinary Shares	% of issued share capital	Number of Ordinary Shares	Number of Ordinary Shares	% of issued share capital
Sir Richard Dearlove	-	-	-	-	-
Thomas Ilube*	1,252,786	52.6	132,103	1,384,889	44.4
Dr David Secher	21,102	0.9	5,263	26,365	0.8
Professor David Stupples	5,263	0.2	-	5,263	0.2
Gordon Matthew	-	-	-	-	-
Andrew Gueritz	-	-	-	-	-

* Thomas Ilube's shareholding prior to the Placing and Subscription is made up of 1,097,342 shares held by him personally and 155,444 held by Beaufort Nominees Limited on his behalf

Placing Shares and Subscription Shares have been issued to the following substantial shareholders

	Holding prior to the announcement of Proposed Placing and Subscription		Number of Subscription Shares acquired pursuant to the Placing and Subscription	Immediately following Admission of the Placing and Subscription
	Number of Ordinary Shares	% of issued share capital	Number of Ordinary Shares	Number of Ordinary Shares	% of issued share capital
Moulton Goodies	236,842	9.94	52,632	289,474	9.3
Steven Gee	152,341	6.39	39,474	191,815	6.1
Maurice Zimmerman	152,341	6.39	26,316	178,657	5.7
Matthew O'Sullivan	105,263	4.2	-	105,263	3.4
Tariq Hussain	77,290	3.24	17,368	94,658	3.0

About Crossword 
 
Crossword is a technology transfer company specialising in cyber security. Crossword works with universities who undertake advanced cyber security research in order to take their research through productisation to market. 
  
Further information, please contact: 
 
Tom Ilube- CEO, Crossword Cybersecurity 
Tel: [phone] 
Email: [e-mail] 
 
ISDX Corporate Advisor 
Nick Michaels and Jon Isaacs, Alfred Henry Corporate Finance Limited 
www.alfredhenry.com 
Tel: [phone] 
 
ISDX Corporate Broker 
Claire Louise Noyce - CEO, Hybridan LLP 
Tel: [phone] 
Email: [e-mail]

- Ends - 

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This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Crossword Cybersecurity Plc via Globenewswire