Share Option Awards

Crossword Cybersecurity PLC

30 May 2023

 

Crossword Cybersecurity Plc

Share Option Awards

30 May 2023 - London, UK -Crossword Cybersecurity Plc (AIM:CCS, "Crossword", the "Company" or the "Group"), the technology commercialisation company focused on cyber security and risk, announces that it has granted 775,270 options comprising 425,000 options under the Company's Enterprise Management Incentive Scheme (the "EMI Plan") and 350,270 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 9.25p per share. The options vest in three equal tranches on the first, second and third anniversary of the date of grant.

Included in the 350,270 options granted under the Non Tax Advantaged Plan are options to acquire 270,270 Ordinary Shares at an exercise price of 9.25p per share that have been granted to the Company's Chairman, Sir Richard Dearlove. Following this grant, Sir Richard Dearlove holds options over 732,133 Ordinary Shares.

Following this grant of options, the total number of options outstanding under the EMI Plan will be 1,306,790. A further 1,687,133 options are outstanding under the Non Tax Advantaged Plan. The total number of options outstanding following this grant will be 2,993,923 representing 3.19% 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.

 Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them.

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 9.25p per share. For Ordinary Shares: GB00BNG2LT65
b)	Nature of the transaction	Granting of options
c)	Price(s) and volume(s)	Price       Nil      Volume 270,270
d)	Aggregated information	N/A - single transaction
e)	Date of the transaction	26/05/2023
f)	Place of the transaction	Off-Market transaction

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 / Jamie Barklem / Ciara Donnelly

Hybridan LLP (Broker) - Tel: [phone]

Claire Louise Noyce

For media enquiries contact:

Financial PR:

David Hothersall, Kinlan Communications

[e-mail] - Tel: [phone]

General:

Duncan Gurney, GingerPR

[e-mail] - Tel: [phone]

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 and Arc breached credentials tracking platforms, 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 is traded on the AIM market of the London Stock Exchange.

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

 

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