Grant of Options to Director and Others

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.

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Sir Richard Dearlove
2	Reason for the notification
a)	Position/status	Chairman
b)	Initial notification /Amendment	Initial Notification
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 financial instrument, type of instrument  Identification code	Options to acquire ordinary shares of 0.5p each at a price of 35.5p per share. 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

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Contacts

Crossword Cybersecurity plc - Tel: [phone]

Email: [e-mail]

Tom Ilube, Chief Executive Officer

Mary Dowd, Chief Financial Officer

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

Colin Aaronson / Lukas Girzadas

Hybridan LLP (Broker) - Tel: [phone]

Claire Louise Noyce

For media enquiries contact:

Duncan Gurney, GingerPR

[e-mail] - Tel: [phone]

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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