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DJ Crossword Cybersecurity Plc : Issue Of Equity

 
TIDMCCS 
 
 
   November 24, 2016 
 
   Crossword Cybersecurity plc 
 
   Issue and admission of new shares 
 
   Crossword Cybersecurity Plc (ISDX:CCS, "Crossword" or the "Company"), 
the technology commercialisation company focusing exclusively on the 
cyber security sector, is pleased to announce that, further to the 
Company's announcement last week outlining the Placing and Subscription, 
the Company has issued 736,842 new Ordinary Shares. 
 
   Admission of the new Ordinary Shares is expected to become effective and 
dealings will commence in new Ordinary Shares today. 
 
   Following admission of the Placing Shares and Subscription Shares, the 
Company's enlarged issued share capital will comprise 3,120,250 Ordinary 
Shares of 5 pence each with voting rights in the Company. This figure 
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 in the interest in, the share capital of 
the Company under the FCA's Disclosure and Transparency Rules. 
 
   As part of the Subscription, Tom Ilube, Chief Executive Officer and Dr 
David Secher, Non-Executive Director, subscribed for, in aggregate, 
137,366 new Ordinary Shares to raise proceeds of GBP260,995 as further 
detailed below. 
 
 
 
 
             Holding prior to the announcement of Proposed Placing   Number of Subscription Shares acquired pursuant to   Immediately following Admission of the Placing and 
                                and Subscription                                the Placing and Subscription                                 Subscription 
            Number of Ordinary                                                                                               Number of 
                  Shares             % of issued share capital                   Number of Ordinary Shares                Ordinary Shares       % of issued share capital 
Sir 
Richard 
Dearlove            -                            -                                           -                                   -                          - 
Thomas 
 Ilube*              1,252,786                                 52.6                                             132,103          1,384,889                               44.4 
Dr David 
 Secher                 21,102                                  0.9                                               5,263             26,365                                0.8 
Professor 
 David 
 Stupples                5,263                                  0.2                                                   -              5,263                                0.2 
Gordon                       -                                    -                                                   -                  -                                  - 
 Matthew 
Andrew                       -                                    -                                                   -                  -                                  - 
 Gueritz 
 
 
 
   * Thomas Ilube's shareholding prior to the Placing and Subscription is 
made up of 1,097,342 shares held by him personally and 155,444 held by 
Beaufort Nominees Limited on his behalf 
 
   Placing Shares and Subscription Shares have been issued to the following 
substantial shareholders 
 
 
 
 
              Holding prior to the announcement of Proposed Placing   Number of Subscription Shares acquired pursuant to   Immediately following Admission of the Placing and 
                                 and Subscription                                the Placing and Subscription                                 Subscription 
                 Number of                                                                                                   Number of 
              Ordinary Shares        % of issued share capital                    Number of Ordinary Shares               Ordinary Shares       % of issued share capital 
Moulton 
 Goodies               236,842                                  9.94                                              52,632           289,474                                 9.3 
Steven Gee             152,341                                  6.39                                              39,474           191,815                                 6.1 
Maurice 
 Zimmerman             152,341                                  6.39                                              26,316           178,657                                 5.7 
Matthew 
 O'Sullivan            105,263                                   4.2                                                   -           105,263                                 3.4 
Tariq 
 Hussain                77,290                                  3.24                                              17,368            94,658                                 3.0 
 
   About Crossword 
 
 
 
   Crossword is a technology transfer company specialising in cyber 
security. Crossword works with universities who undertake advanced cyber 
security research in order to take their research through productisation 
to market. 
 
 
 
   Further information, please contact: 
 
 
 
   Tom Ilube- CEO, Crossword Cybersecurity 
 
   Tel: +44 (0) 20 8973 2350 
 
   Email: info@crosswordcybersecurity.com 
 
 
 
   ISDX Corporate Advisor 
 
   Nick Michaels and Jon Isaacs, Alfred Henry Corporate Finance Limited 
 
   www.alfredhenry.com 
 
   Tel: +44 (0)207 251 3762 
 
 
 
   ISDX Corporate Broker 
 
   Claire Louise Noyce - CEO, Hybridan LLP 
 
   Tel: +44 (0)203 764 2341 
 
   Email: claire.noyce@hybridan.com 
 
   - Ends - 
 
   This announcement is distributed by Nasdaq Corporate Solutions on behalf 
of Nasdaq Corporate Solutions clients. 
 
   The issuer of this announcement warrants that they are solely 
responsible for the content, accuracy and originality of the information 
contained therein. 
 
   Source: Crossword Cybersecurity Plc via Globenewswire 
 
 
  https://www.crosswordcybersecurity.com/ 
 

(END) Dow Jones Newswires

November 24, 2016 09:59 ET (14:59 GMT)