TIDMCCS
RNS Number : 5699S
Crossword Cybersecurity PLC
15 July 2022
Crossword Cybersecurity Plc
Issue of Additional Convertible Loan Notes
15 July 2022 - London, UK - Crossword Cybersecurity Plc
(AIM:CCS, "Crossword", the "Company" or the "Group"), the
cybersecurity solutions company focused on cyber strategy and risk
, is pleased to confirm the completion of additional convertible
loan notes on the same terms as the extension of the convertible
loan notes already in issue as referred to in the Trading Update of
13 July 2022.
GBP550,000 of additional loan notes, with an expiry date of 14
July 2025, have been issued to strengthen the working capital
requirements of the Company. Other than the conversion price, the
additional loan notes have the same terms as the original loan
notes. The conversion price of the additional loan notes is 26.1p,
being the closing price on 14 July 2022 of 29p less 10 per
cent.
In order to ensure the aggregate principal amount borrowed by
the Group remains within the prescribed borrowing limit, GBP225,000
of current loan notes have been prepaid. Accordingly, the value of
convertible loan notes is now GBP1,875,000, with GBP225,000 of that
expected to be repaid in December 2022 and January 2023.
Tom Ilube, CEO of Crossword Cybersecurity Plc, commented: "On
the back of a positive H1 2022 trading update earlier this week, it
is pleasing that Crossword is being supported in strengthening its
working capital with the extension of current convertible loan
notes and issue of additional convertible loan notes with new
investors in Crossword."
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.
Contacts
Crossword Cybersecurity plc - Tel: +44 (0) 333 090 2587
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 / Jamie Barklem / Daphne Zhang / Ciara
Donnelly
Hybridan LLP (Broker) - Tel: +44 (0)203 764 2341
Claire Louise Noyce
For media enquiries contact:
Financial PR:
David Hothersall, Kinlan Communications
davidh@kinlan.net - Tel: +44 (0) 207 638 3435
General:
Duncan Gurney, GingerPR
duncan@gingerpr.co.uk - Tel: +44 (0)1932 485 300
About Crossword Cybersecurity plc
Crossword offers a range of cyber security solutions to help
companies understand and reduce cyber security risk. We do this
through a combination of people and technology , in the form of
SaaS and software products, consulting, and managed services.
Crossword's areas of emphasis are cyber security strategy and risk,
supply chain cyber, threat detection and response, and digital
identity and the aim is to build up a portfolio of cyber security
products and services with recurring revenue models in these four
areas . We work closely with UK universities and our products and
services are often powered by academic research-driven insights. In
the area of cybersecurity strategy and risk our consulting services
include cyber maturity assessments, industry certifications, and
virtual chief information security officer (vCISO) managed
services.
Crossword's end-to-end supply chain cyber standard operating
model (SCC SOM) is supported by our best-selling SaaS platform,
Rizikon Assurance, along with cost-effective cyber audits, security
testing services and complete managed services for supply chain
cyber risk management. Threat detection and response services
include our Nightingale AI-based network monitoring, Nixer to
protect against application layer DDoS attacks, our Trillion and
Arc breached credentials tracking platforms, and incident response.
Crossword's work in digital identity is based on the World Wide Web
Consortium W3C verifiable credentials standard and our current
solution, Identiproof, enables secure digital verification of
individuals to prevent fraud.
Crossword serves medium and large clients including FTSE 100,
FTSE 250 and S&P listed companies in various sectors, such as
defence, insurance, investment and retail banks, private equity,
education, technology and manufacturing and has offices in the UK,
Poland and Oman. Crossword is traded on the AIM market of the
London Stock Exchange.
Visit Crossword at https://www.crosswordcybersecurity.com/
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END
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Crossword Cybersecurity (LSE:CCS)
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부터 1월(1) 2025 으로 2월(2) 2025
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부터 2월(2) 2024 으로 2월(2) 2025
