Crossword Cybersecurity PLC AGM Result. Board Changes. Share sub-division. TVR (6471Z)

TIDMCCS

RNS Number : 6471Z

Crossword Cybersecurity PLC

25 May 2021

Crossword Cybersecurity Plc

Result of AGM

Board Changes

Total Voting Rights

25 May 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, announces that, at its AGM held today, all resolutions put to the meeting were duly passed.

Share sub-division

As a result of one of the resolutions passed by Shareholders, each existing Ordinary Share of 5p is being sub-divided into 10 new ordinary shares of 0.5p each ("New Ordinary Shares"). The ISIN for the New Ordinary Shares will be GB00BNG2LT65.

Application has been made for the admission of 57,618,900 New Ordinary Shares to trading on AIM ("Admission") with Admission expected to occur on 26 May 2021. CREST accounts are expected to be credited on the same day and the date of dispatch of definitive share certificates in respect of the New Ordinary Shares is expected on or around 10 June 2021.

Total Voting Rights

For the purposes of the Financial Conduct Authority's Disclosure Guidance and Transparency Rules ("DTRs"), following Admission, Crossword will have 57,618,900 New Ordinary Shares in issue with voting rights attached. Crossword holds no shares in treasury. This figure of 57,618,900 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 to their interest in the Company, under the DTRs.

Board Changes

Crossword is also pleased to announce the appointment of Tara Cemlyn-Jones and Robert Coles to the board of the Company as non-executive directors with immediate effect.

Tara Cemlyn-Jones has 28 years' experience in financial services with specialist knowledge of capital markets, M&A, strategy and digital transformation across many sectors, including financial services (asset & wealth management, retail banking and fintech), energy & infrastructure and healthcare. Tara Cemlyn-Jones was head of M&A at Lastminute.com and has held senior positions at Schroders, Citigroup and Espirito Santo Investment Bank. She is the founder and currently director of 25 x 25 Ltd, a not for profit enterprise co-ordinating the initiative to get more women CEOs into UK Business.

Tara Persis Cemlyn-Jones, aged 50, is a director of 25 X 25 Limited.

There is no further information to be disclosed pursuant to paragraph (g) of Schedule 2 of the AIM Rules. Tara Cemlyn-Jones does not own any shares in the Company.

Dr Robert Coles is a highly experienced IT Risk and Cyber Security leader. He is the former Chief Information Security Officer of GlaxoSmithKline (GSK) and of the NHS, with over 30 years commercial experience. Prior to his time at the NHS, Dr Robert Coles worked for GlaxoSmithKline (GSK) from 2013 and was the company's Chief Information Security Officer (CISO). Before GSK, Dr Coles served as CISO for the National Grid and Merrill Lynch. Dr Coles is an Honorary Professor at UCL and Governor of University of Brighton and a member of its Audit Committee and has extensive links with major industry information security networking groups and government security agencies. Dr Coles is Chair of Crossword's Advisory Board as well as of the Group's subsidiary, Crossword Consulting Limited.

Robert Stephen Coles, aged 54, is a director of Crossword Consulting Limited and Cumberland House Consulting Limited. There is no further information to be disclosed pursuant to paragraph (g) of Schedule 2 of the AIM Rules. Robert Coles does not own any shares in the Company.

As previously announced, Gordon Matthew and David Stupples have retired from the Board at the conclusion of the AGM. The other Directors would like to thank both Gordon Matthew and David Stupples for their service to the Company.

Tom Ilube CBE, CEO of Crossword Cybersecurity Plc, said: " I am pleased to report that Crossword has made a strong start to 2021. W e are experiencing great success from strategies to increase Rizikon market penetration. In the last 6 months this has increased 10 fold, with the number of Rizikon users exceeding 250. I am delighted to welcome Dr Robert Roles and Tara Cemlyn-Jones who join the Board today. Robert is a very experienced Chief Information Security Officer and former KPMG Partner who has been involved with Crossword for a while, c hairing both our consulting business and our Advisory Board. Tara has extensive investment banking and mergers and acquisitions experience both in the UK and across Europe and we will be leveraging her knowledge and contacts as we scale up. "

The information contained within this announcement is deemed to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014 which is part of UK law by virtue of the European Union (withdrawal) Act 2018. Upon the publication of this announcement, this inside information is now considered to be in the public domain.

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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May 25, 2021 10:26 ET (14:26 GMT)