Target company - Polyswarm NCT Price Movement

RNS Number : 7422Y

CYBA PLC

18 January 2022

 

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION AS STIPULATED UNDER THE UK VERSION OF THE MARKET ABUSE REGULATION NO 596/2014 WHICH IS PART OF ENGLISH LAW BY VIRTUE OF THE EUROPEAN (WITHDRAWAL) ACT 2018, AS AMENDED.  ON PUBLICATION OF THIS ANNOUNCEMENT VIA A REGULATORY INFORMATION SERVICE, THIS INFORMATION IS CONSIDERED TO BE IN THE PUBLIC DOMAIN.

18 January 2022

CYBA plc

PolySwarm Nectar Price Movement

CYBA plc ("CYBA" or the "Company") notes the recent movement in the price of PolySwarm's cryptocurrency token Nectar ("NCT"). As per the Company's Admission Document, and last announced on 21 June 2021, the Board continues to be in discussions for the acquisition of PolySwarm.

On 12 January 2022 NCT was accepted for trading on the Coinbase Exchange. The price for NCT increased by 760% within 2 trading days to $0.1734 giving a fully diluted market cap of $327m. Since then NCT has now listed on a number of other Global exchanges, including Huobi the largest exchange in China. PolySwarm itself holds 339 million NCT in treasury.

Further information on Polyswarm can be found in the Company's Prospectus at www.cybaplc.com as well as on PolySwarm's own site, https://polyswarm.io/.

Further announcements will be made as the situation of Polyswarm develops.

ENDS

About CYBA plc

CYBA plc ("CYBA") is a special purpose acquisition company ("SPAC") seeking suitable acquisition targets in the Cyber Security sector. CYBA intends to implement its strategy focussed on building a group capable of offering Cyber and Cybersecurity solutions in the US and beyond.

The Company intends to leverage the deep industry knowledge of its board and associates to undertake due diligence on the commercial attributes of a target entity's business.

For further information on the Company please visit www.cybaplc.com, with the Company's Admission Document to be found at www.cybaplc.com/investor-relations/corporate-documents or contact:

Robert Mitchell	CYBA	Tel: [phone]
Peter Krens	Tennyson Securities	Tel: [phone]

 

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