Crossword Cybersecurity PLC Long Term Incentive Plan Approval and Awards (0792S)
11 11월 2021 - 5:00PM
UK Regulatory
TIDMCCS
RNS Number : 0792S
Crossword Cybersecurity PLC
11 November 2021
Crossword Cybersecurity Plc
LTIP Approval and Awards
11 November 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 the approval of a Long Term Incentive
Plan ("LTIP") and the initial awards under the LTIP.
LTIP
The rules of the LTIP give flexibility for what awards are made
under it, with all awards subject to one or more performance
conditions which have the intention of enhancing shareholder value.
50% of shares under released awards continue to be subject to the
holding period of 1 year after exercise. The total number of shares
issued or issuable under the LTIP and any other employees' share
scheme operated by the Group may not exceed 10% of the Company's
ordinary share capital in any 10-year period. The Board has power
to cancel or reduce any unvested awards (malus) and to claw back
the value of any awards that have been released (clawback) in
certain circumstances.
Awards under the LTIP have been made to Mary Dowd (Chief
Financial Officer), Stuart Jubb (Managing Director Consulting),
Jake Holloway (Chief Product Officer) and Sean Arrowsmith (Group
Sales Director). Each award is of nominal cost (GBP0.005) options
to acquire up to 750,000 Crossword ordinary shares of 0.5p each
("Ordinary Shares") which vest at the average mid-market price of
the Ordinary Shares over the 20 trading days preceding the end of
the performance period which ends on 30 September 2024 ("Award
Price"). 25% of the options will vest if the Award Price is 50p,
and 100% will vest if the Award Price is equal to or greater than
100p, with straight line vesting between 50p and 100p.
Further details are set out in the PDMR forms below, made in
accordance wit h the retained EU law version of the Market Abuse
Regulation (EU) No. 596/2014 which is part of UK law by virtue of
the European Union (Withdrawal) Act 2018.
Details of the person discharging managerial responsibilities
1 / person closely associated
a) Name Mary Dowd
--------------------------- -----------------------------------------
2 Reason for the notification
----------------------------------------------------------------------
a) Position/status Chief Financial Officer
--------------------------- -----------------------------------------
b) Initial notification Initial Notification
/Amendment
--------------------------- -----------------------------------------
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 Conditional award of Options to acquire
financial instrument, ordinary shares of 0.5p each at a price
type of instrument of 0.5p per share.
Identification code
For Ordinary Shares: GB00BNG2LT65
--------------------------- -----------------------------------------
b) Nature of the transaction Granting of options under a Long Term
Incentive Plan vesting on 30 September
2024
--------------------------- -----------------------------------------
c) Price(s) and volume(s) Price Nil Volume up to 750,000
--------------------------- -----------------------------------------
d) Aggregated information N/A - single transaction
--------------------------- -----------------------------------------
e) Date of the transaction 10 / 11 /2021
--------------------------- -----------------------------------------
f) Place of the transaction Off-market transaction
--------------------------- -----------------------------------------
Details of the person discharging managerial responsibilities
1 / person closely associated
a) Name Stuart Jubb
--------------------------- -----------------------------------------
2 Reason for the notification
----------------------------------------------------------------------
a) Position/status Managing Director Consulting
--------------------------- -----------------------------------------
b) Initial notification Initial Notification
/Amendment
--------------------------- -----------------------------------------
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 Conditional award of Options to acquire
financial instrument, ordinary shares of 0.5p each at a price
type of instrument of 0.5p per share.
Identification code
For Ordinary Shares: GB00BNG2LT65
--------------------------- -----------------------------------------
b) Nature of the transaction Granting of options under a Long Term
Incentive Plan vesting on 30 September
2024
--------------------------- -----------------------------------------
c) Price(s) and volume(s) Price Nil Volume up to 750,000
--------------------------- -----------------------------------------
d) Aggregated information N/A - single transaction
--------------------------- -----------------------------------------
e) Date of the transaction 10 / 11 /2021
--------------------------- -----------------------------------------
f) Place of the transaction Off-market transaction
--------------------------- -----------------------------------------
Details of the person discharging managerial responsibilities
1 / person closely associated
a) Name Jake Holloway
--------------------------- -----------------------------------------
2 Reason for the notification
----------------------------------------------------------------------
a) Position/status Chief Product Officer
--------------------------- -----------------------------------------
b) Initial notification Initial Notification
/Amendment
--------------------------- -----------------------------------------
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 Conditional award of Options to acquire
financial instrument, ordinary shares of 0.5p each at a price
type of instrument of 0.5p per share.
Identification code
For Ordinary Shares: GB00BNG2LT65
--------------------------- -----------------------------------------
b) Nature of the transaction Granting of options under a Long Term
Incentive Plan vesting on 30 September
2024
--------------------------- -----------------------------------------
c) Price(s) and volume(s) Price Nil Volume up to 750,000
--------------------------- -----------------------------------------
d) Aggregated information N/A - single transaction
--------------------------- -----------------------------------------
e) Date of the transaction 10 / 11 /2021
--------------------------- -----------------------------------------
f) Place of the transaction Off-market transaction
--------------------------- -----------------------------------------
Details of the person discharging managerial responsibilities
1 / person closely associated
----------------------------------------------------------------------
a) Name Sean Arrowsmith
--------------------------- -----------------------------------------
2 Reason for the notification
----------------------------------------------------------------------
a) Position/status Group Sales Director
--------------------------- -----------------------------------------
b) Initial notification Initial Notification
/Amendment
--------------------------- -----------------------------------------
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 Conditional award of Options to acquire
financial instrument, ordinary shares of 0.5p each at a price
type of instrument of 0.5p per share.
Identification code
For Ordinary Shares: GB00BNG2LT65
--------------------------- -----------------------------------------
b) Nature of the transaction Granting of options under a Long Term
Incentive Plan vesting on 30 September
2024
--------------------------- -----------------------------------------
c) Price(s) and volume(s) Price Nil Volume up to 750,000
--------------------------- -----------------------------------------
d) Aggregated information N/A - single transaction
--------------------------- -----------------------------------------
e) Date of the transaction 10 / 11 /2021
--------------------------- -----------------------------------------
f) Place of the transaction Off-market transaction
--------------------------- -----------------------------------------
The information contained within this announcement is deemed to
constitute inside information as stipulated under the retained EU
law version of the Market Abuse Regulation (EU) No. 596/2014 (the
"UK MAR") which is part of UK law by virtue of the European Union
(Withdrawal) Act 2018. The information is disclosed in accordance
with the Company's obligations under Article 17 of the UK MAR. Upon
the publication of this announcement, this inside information is
now considered to be in the public domain.
- Ends -
Contacts
Crossword Cybersecurity plc - Tel: +44 (0) 20 3953 8460
Email: info@crosswordcybersecurity.com
Tom Ilube, Chief Executive Officer
Mary Dowd, Chief Financial Officer
Grant Thornton (Nominated Adviser) - Tel: +44 (0) 20 7383
5100
Colin Aaronson / Daphne Zhang
Hybridan LLP (Broker) - Tel: +44 (0)203 764 2341
Claire Louise Noyce
For media enquiries contact:
Duncan Gurney, GingerPR
duncan@gingerpr.co.uk - Tel: +44 (0)1932 485 300
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, another
Crossword 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. Identiproof, Crossword's most recent product,
is the World Wide Web Consortium (W3C) verifiable credentials
compatible middleware and wallet technology. 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, including threat monitoring.
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
DSHFIFSDLALLLIL
(END) Dow Jones Newswires
November 11, 2021 03:00 ET (08:00 GMT)
Crossword Cybersecurity (LSE:CCS)
과거 데이터 주식 차트
부터 1월(1) 2025 으로 2월(2) 2025
Crossword Cybersecurity (LSE:CCS)
과거 데이터 주식 차트
부터 2월(2) 2024 으로 2월(2) 2025
