TIDMCCS
RNS Number : 1473B
Crossword Cybersecurity PLC
05 June 2019
5 June 2019
Crossword Cybersecurity plc
("Crossword " or the "Company")
Issue of Options to Employees and Directors
Crossword Cybersecurity plc (AIM: CCS, "Crossword", the
"Company" or the "Group"), the cyber security technology
commercialisation company, is pleased to announce that it has
granted 42,354 options comprising 29,000 options under the
Company's Enterprise Management Incentive Scheme (the "EMI Plan")
and 13,354 options under the Non Tax Advantaged Plan.
Included in the above number are options to Directors as set out
below:
Sir Richard Dearlove
The Company today has granted to Sir Richard Dearlove an option
pursuant to the rules of the Non Tax Advantaged Plan to acquire
4,587 ordinary shares of GBP0.05 each in the Company ("Ordinary
Shares") at an exercise price of GBP5.45 per share.
Following this grant, Sir Richard Dearlove holds options over
24,502 Ordinary Shares in the Company.
Mary Dowd
The Company today has granted to Mary Dowd an option pursuant to
the rules of the EMI Plan to acquire 10,000 Ordinary Shares at an
exercise price of GBP5.45 per share.
Following this grant, Mary Dowd holds options over 17,936
Ordinary Shares.
Included in the 29,000 options granted under the EMI plan are
the following options granted to members of the Company's senior
management.
Jake Holloway
The Company today has granted to Jake Holloway an option
pursuant to the rules of the EMI Plan to acquire 5,000 Ordinary
Shares at an exercise price of GBP5.45 per share.
Following this grant, Jake Holloway remains directly interested
in 1,852 Ordinary Shares representing 0.04% of the Company's total
voting rights and options over 12,993 Ordinary Shares.
Stuart Jubb
The Company today has granted to Stuart Jubb an option pursuant
to the rules of the EMI Plan to acquire 5,000 Ordinary Shares at an
exercise price of GBP5.45 per share.
Following this grant, Stuart Jubb remains directly interested in
17,379 Ordinary Shares representing 0.37% of the Company's total
voting rights and options over 10,000 Ordinary Shares.
Of the 42,354 options granted, 36,837 Options, which were
granted on 4 June 2019, vest in three equal tranches on first,
second and third anniversary of the date of grant and are
exercisable into 36,837 Ordinary Shares at a price of GBP5.45 per
share and, 5,517 Options, which were granted on 16 January 2019 and
vest in three equal tranches, on first, second and third
anniversary of the date of grant and are exercisable into 5,517
Ordinary Shares at a price of GBP2.90 per share.
Following this grant of options, the total number of Options
outstanding under the EMI Plan will be 76,429. A further 114,769
Options are outstanding under an unapproved share scheme. The total
number of Options outstanding following this grant will be 191,198
representing 4.08% of Crossword's issued share capital.
The following notifications, made in accordance with the
requirements of the EU Market Abuse Regulation, gives further
details.
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Sir Richard Dearlove
-------------------------- --------------------------------------
2 Reason for the notification
------------------------------------------------------------------
a) Position/status Chairman
-------------------------- --------------------------------------
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 Options to acquire ordinary shares of
financial instrument, 5p each
type of instrument
Identification code For Ordinary Shares: GB00BPFJXS57
-------------------------- --------------------------------------
b) Nature of the transaction Granting of options
-------------------------- --------------------------------------
c) Price(s) and volume(s) Price GBP5.45 Volume 4,587
-------------------------- --------------------------------------
d) Aggregated information Price GBP5.45 Volume 4,587
-------------------------- --------------------------------------
e) Date of the transaction 03/06/2019
-------------------------- --------------------------------------
f) Place of the transaction Off-market transaction
-------------------------- --------------------------------------
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Mary Dowd
-------------------------- --------------------------------------
2 Reason for the notification
------------------------------------------------------------------
a) Position/status Finance 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 Options to acquire ordinary shares of
financial instrument, 5p each
type of instrument
Identification code For Ordinary Shares: GB00BPFJXS57
-------------------------- --------------------------------------
b) Nature of the transaction Granting of options
-------------------------- --------------------------------------
c) Price(s) and volume(s) Price GBP5.45 Volume 10,000
-------------------------- --------------------------------------
d) Aggregated information Price GBP5.45 Volume 10,000
-------------------------- --------------------------------------
e) Date of the transaction 03/06/2019
-------------------------- --------------------------------------
f) Place of the transaction Off-market transaction
-------------------------- --------------------------------------
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Jake Holloway
-------------------------- --------------------------------------
2 Reason for the notification
------------------------------------------------------------------
a) Position/status Business Development 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 Options to acquire ordinary shares of
financial instrument, 5p each
type of instrument
Identification code For Ordinary Shares: GB00BPFJXS57
-------------------------- --------------------------------------
b) Nature of the transaction Granting of options
-------------------------- --------------------------------------
c) Price(s) and volume(s) Price GBP5.45 Volume 5,000
-------------------------- --------------------------------------
d) Aggregated information Price GBP5.45 Volume 5,000
-------------------------- --------------------------------------
e) Date of the transaction 03/06/2019
-------------------------- --------------------------------------
f) Place of the transaction Off-market transaction
-------------------------- --------------------------------------
1 Details of the person discharging managerial responsibilities
/ 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 Options to acquire Ordinary shares of
financial instrument, 5p each
type of instrument
Identification code For Ordinary Shares: GB00BPFJXS57
-------------------------- --------------------------------------
b) Nature of the transaction Granting of options
-------------------------- --------------------------------------
c) Price(s) and volume(s) Price GBP5.45 Volume 5,000
-------------------------- --------------------------------------
d) Aggregated information Price GBP5.45 Volume 5,000
-------------------------- --------------------------------------
e) Date of the transaction 03/06/2019
-------------------------- --------------------------------------
f) Place of the transaction Off-market transaction
-------------------------- --------------------------------------
- Ends -
The information contained within this announcement is deemed to
constitute inside information as stipulated under the Market Abuse
Regulations (EU) No. 596/2014. 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) 20 3953 8460
Email: info@crosswordcybersecurity.com
Tom Ilube, Chief Executive Officer
Mary Dowd, Finance Director
Grant Thornton (Nominated Adviser) - Tel: +44 (0) 20 7383
5100
Colin Aaronson / Jamie Barklem /Niall McDonald
Hybridan LLP (Broker) - Tel: +44 (0)203 764 2341
Claire Louise Noyce
About Crossword Cybersecurity plc
Crossword Cybersecurity plc focuses on the development and
commercialisation of university research-based cyber security
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
the cyber maturity and GDPR readiness of their suppliers.
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.
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.
END
IOECKQDBFBKDAAK
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