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CYBA Cyba Plc

1.55
0.00 (0.00%)
26 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Cyba Plc LSE:CYBA London Ordinary Share GB00BMH18M70 ORD GBP0.0001
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 1.55 1.50 1.60 0.00 01:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

CYBA PLC Issue of Equity (1072N)

27/05/2022 12:00pm

UK Regulatory


Cyba (LSE:CYBA)
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From Apr 2022 to Apr 2024

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TIDMCYBA

RNS Number : 1072N

CYBA PLC

27 May 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 UNION (WITHDRAWAL) ACT 2018, AS AMED. ON PUBLICATION OF THIS ANNOUNCEMENT VIA A REGULATORY INFORMATION SERVICE, THIS INFORMATION IS CONSIDERED TO BE IN THE PUBLIC DOMAIN.

27 May 2022

CYBA plc

Warrant Exercises, Directors Shareholding, Issue of Equity and Warrants

CYBA plc ("CYBA" or the "Company") the cybersecurity group specialising in high-end threat intelligence and critical infrastructure security announces a number of share related matters as set out below.

Warrant Exercises

The Company has received notice from Rory Heier, Director of CYBA, of the exercise of warrants to subscribe for 5,000,000 Ordinary Shares at a price of 1 pence per Ordinary Share. Following this exercise, Mr. Heier will hold a total of 11,375,000 Ordinary Shares in the Company, representing 0.7 per cent. of the enlarged issued share capital.

In addition to the above exercise, the Company has also received notice from other warrant holders to subscribe for a total of 2,500,000 Ordinary Shares at a price of 1 pence per Ordinary Share.

Issue of Ordinary Shares

The Company also announces that it has issued 1,000,000 Ordinary Shares at a price of 2 pence per share in lieu of fees to certain advisors.

Warrants Issued to Investors

The Company has also granted Warrants to shareholder Racsor LLC over an aggregate of 50,000,000 Ordinary shares in the Company (the "Grant"). The Warrants have an exercise price of 2 pence per Ordinary Share (being a 33 per cent. premium to the closing mid-market price on 26 May 2022). The Warrants vest immediately and can be exercised at any time up to 24 May 2025.

The Grant represents 2.9 per cent. of the Company's enlarged issued ordinary share capital.

Options issued to Directors

The Company has also agreed to issue options over an aggregate of 25,000,000 Ordinary shares in the Company each to both Rory Heier and Robert Mitchell (the "Options"). The Options have an exercise price of 2 pence per Ordinary Share (being a 33 per cent. premium to the closing mid-market price on 26 May 2022).

The Options vest immediately and can be exercised at any time up to 24 May 2025.

The Options represent 2.9 per cent. of the Company's enlarged issued ordinary share capital.

Total Options and Warrants outstanding

Following the above exercises and grants the following table summarises all options and warrants outstanding as at today's date:

Options

 
 Name              Number of Options   Grant       Vesting     Exercise 
                                        Date        Date        Price 
 Rory Heier        25,000,000          24.5.2022   24.5.2025   GBP0.02 
 Robert Mitchell   25,000,000          24.5.2022   24.5.2025   GBP0.02 
 

Warrants

 
 Name              Number of Options   Grant       Vesting     Exercise 
                                        Date        Date        Price 
 Hadron Master     13,000,000          16.2.2022   14.3.2022   GBP0.02 
  Fund Series II 
 Racsor LLC        50,000,000          24.5.2022   24.5.2025   GBP0.02 
 

The above represents a total of 6.7% of the Company's enlarged issued share capital.

Admission and Total Voting Rights

Application is being made for admission of 8,500,000 Ordinary Shares to the Official List of the FCA (Standard Segment) and trading on the London Stock Exchange's Main Market for listed securities ("Admission") which is expected to occur at 8 a.m. on or around 6 June 2022.

On Admission the Company will have 1,692,481,100 Ordinary Shares in issue. The Company holds no shares in treasury. Accordingly, the figure of 1,692,481,100 can be used by shareholders 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 Financial Conduct Authority's Disclosure Guidance and Transparency Rules.

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

 
      Details of the person discharging managerial responsibilities/person 
  1    closely associated 
 a)   Name                                         Rory Heier 
     -------------------------------------------  ------------------------------------------ 
      Reason for the notification 
  2 
     --------------------------------------------------------------------------------------- 
 a)   Position/status                              Director 
     -------------------------------------------  ------------------------------------------ 
 b)   Initial notification/                        Initial notification 
       Amendment 
     -------------------------------------------  ------------------------------------------ 
      Details of the issuer, emission allowance market participant, 
  3    auction platform, auctioneer or auction monitor 
     --------------------------------------------------------------------------------------- 
 a)   Name                                         Cyba Plc 
     -------------------------------------------  ------------------------------------------ 
 b)   LEI                                          213800K484JECP4RK284 
     -------------------------------------------  ------------------------------------------ 
      Details of the transaction(s): section to be repeated for 
  4    (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                               Exercise of warrants over ordinary shares 
       the financial                                of GBP0.0001p each in Cyba Plc 
       instrument, type 
       of instrument 
                                                    GB00BMH18M705 
       Identification 
       code 
     -------------------------------------------  ------------------------------------------ 
 b)   Nature of the                                Exercise of Warrants to acquire ordinary 
       transaction                                  shares 
     -------------------------------------------  ------------------------------------------ 
 c)   Price(s) and volume(s)                        Price(s)    Volume(s) 
                                                     GBP0.01     5,000,000 
     -------------------------------------------  ------------------------------------------ 
 d)   Aggregated information-  Aggregated volume   N/A 
 
       -  Price 
     -------------------------------------------  ------------------------------------------ 
 e)   Date of the transaction                      1 May 2022 
     -------------------------------------------  ------------------------------------------ 
 f)   Place of the transaction                     London Stock Exchange 
     -------------------------------------------  ------------------------------------------ 
 
 
      Details of the person discharging managerial responsibilities/person 
  1    closely associated 
 a)   Name                                         Rory Heier 
     -------------------------------------------  ----------------------------------------- 
      Reason for the notification 
  2 
     -------------------------------------------------------------------------------------- 
 a)   Position/status                              Director 
     -------------------------------------------  ----------------------------------------- 
 b)   Initial notification/                        Initial notification 
       Amendment 
     -------------------------------------------  ----------------------------------------- 
      Details of the issuer, emission allowance market participant, 
  3    auction platform, auctioneer or auction monitor 
     -------------------------------------------------------------------------------------- 
 a)   Name                                         Cyba Plc 
     -------------------------------------------  ----------------------------------------- 
 b)   LEI                                          213800K484JECP4RK284 
     -------------------------------------------  ----------------------------------------- 
      Details of the transaction(s): section to be repeated for 
  4    (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                               Grant of options over ordinary shares of 
       the financial                                GBP0.0001p each in Cyba Plc 
       instrument, type 
       of instrument 
                                                    GB00BMH18M705 
       Identification 
       code 
     -------------------------------------------  ----------------------------------------- 
 b)   Nature of the                                Grant of options over ordinary shares 
       transaction 
     -------------------------------------------  ----------------------------------------- 
 c)   Strike Price(s)                               Price(s)    Volume(s) 
       and volume(s)                                 GBP0.02     25,000,000 
     -------------------------------------------  ----------------------------------------- 
 d)   Aggregated information-  Aggregated volume   N/A 
 
       -  Price 
     -------------------------------------------  ----------------------------------------- 
 e)   Date of the transaction                      24 May 2022 
     -------------------------------------------  ----------------------------------------- 
 f)   Place of the transaction                     Off-Market 
     -------------------------------------------  ----------------------------------------- 
 
 
      Details of the person discharging managerial responsibilities/person 
  1    closely associated 
 a)   Name                                         Robert Mitchell 
     -------------------------------------------  ----------------------------------------- 
      Reason for the notification 
  2 
     -------------------------------------------------------------------------------------- 
 a)   Position/status                              Director 
     -------------------------------------------  ----------------------------------------- 
 b)   Initial notification/                        Initial notification 
       Amendment 
     -------------------------------------------  ----------------------------------------- 
      Details of the issuer, emission allowance market participant, 
  3    auction platform, auctioneer or auction monitor 
     -------------------------------------------------------------------------------------- 
 a)   Name                                         Cyba Plc 
     -------------------------------------------  ----------------------------------------- 
 b)   LEI                                          213800K484JECP4RK284 
     -------------------------------------------  ----------------------------------------- 
      Details of the transaction(s): section to be repeated for 
  4    (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                               Grant of options over ordinary shares of 
       the financial                                GBP0.0001p each in Cyba Plc 
       instrument, type 
       of instrument 
                                                    GB00BMH18M705 
       Identification 
       code 
     -------------------------------------------  ----------------------------------------- 
 b)   Nature of the                                Grant of options over ordinary shares 
       transaction 
     -------------------------------------------  ----------------------------------------- 
 c)   Strike Price(s)                               Price(s)    Volume(s) 
       and volume(s)                                 GBP0.02     25,000,000 
     -------------------------------------------  ----------------------------------------- 
 d)   Aggregated information-  Aggregated volume   N/A 
 
       -  Price 
     -------------------------------------------  ----------------------------------------- 
 e)   Date of the transaction                      24 May 2022 
     -------------------------------------------  ----------------------------------------- 
 f)   Place of the transaction                     Off-Market 
     -------------------------------------------  ----------------------------------------- 
 

ENDS

 
Robert Mitchell              CYBA                        Tel: +44 (0) 20 3468 
                                                                         2212 
Catherine Leftley/Charlotte  St Brides Partners   cyba@stbridespartners.co.uk 
 Page/Isabel de Salis 
                             -------------------  --------------------------- 
Peter Krens                  Tennyson Securities     Tel: +44 (0)207 186 9030 
                             -------------------  --------------------------- 
 

About CYBA plc

CYBA plc (LSE: CYBA) is a UK-listed cyber security group specialising in high-end threat intelligence with a focus on critical infrastructure. Through its 100% owned subsidiary, Narf Industries, the Group leads commissioned cyber security R&D and is commercialising a portfolio of products including a DARPA-backed product (an agency within the US Department of Defence) that can be used by utilities and cyber first responders to restore power to electric grids that have suffered a cyber-attack. The Group aims to further strengthen its portfolio organically and via acquisition; its team of highly qualified cyber security experts is well placed to identify opportunities.

Important notice

The content of this announcement has not been approved by an authorised person within the meaning of the Financial Services and Markets Act 2000 (FSMA). This announcement has been issued by and is the sole responsibility of the Company. The information in this announcement is subject to change. This announcement is not an offer of securities for sale into the United States. The securities referred to herein have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the Securities Act), and may not be offered or sold, directly or indirectly, in or into the United States, except pursuant to an applicable exemption from registration. No public offering of securities is being made in the United States. This announcement is not for release, publication or distribution, directly or indirectly, in or into the United States, Australia, Canada, the Republic of South Africa, Japan or any jurisdiction where to do so might constitute a violation of local securities laws or regulations (a Prohibited Jurisdiction). This announcement and the information contained herein are not for release, publication or distribution, directly or indirectly, to persons in a Prohibited Jurisdiction unless permitted pursuant to an exemption under the relevant local law or regulation in any such jurisdiction.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

END

IOESEAFSWEESEII

(END) Dow Jones Newswires

May 27, 2022 07:00 ET (11:00 GMT)

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