TIDMCCS
RNS Number : 4198Q
Crossword Cybersecurity PLC
18 June 2020
Crossword Cybersecurity Plc
Grant of Options to Director, Senior Management and
Employees
18 June 2020 - London, UK - Crossword Cybersecurity Plc
(AIM:CCS, "Crossword", the "Company" or the "Group"), the
technology commercialisation company focused solely on cyber
security and risk, is pleased to announce that it has granted
27,500 options comprising 25,500 options under the Company's
Enterprise Management Incentive Scheme (the "EMI Plan") and 2,000
options under the Non Tax Advantaged Plan.
Included in the 25,500 options granted under the EMI plan are
options to the following Director:
Mary Dowd
The Company today has granted to Mary Dowd, Finance Director, an
option pursuant to the rules of the EMI Plan to acquire 2,500
Ordinary Shares at an exercise price of GBP3.05 per share.
Following this grant, Mary Dowd holds options over 20,436
Ordinary Shares.
Included in the 25,500 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, Chief Product
Officer, an option pursuant to the rules of the EMI Plan to acquire
2,500 Ordinary Shares at an exercise price of GBP3.05 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 15,493 Ordinary Shares.
Stuart Jubb
The Company today has granted to Stuart Jubb, Managing Director
- Consulting, an option pursuant to the rules of the EMI Plan to
acquire 2,500 Ordinary Shares at an exercise price of GBP3.05 per
share.
Following this grant, Stuart Jubb remains directly interested in
17,379 Ordinary Shares representing 0.34% of the Company's total
voting rights and options over 12,500 Ordinary Shares.
Sean Arrowsmith
The Company today has granted to Sean Arrowsmith, Group Sales
Director, an option pursuant to the rules of the EMI Plan to
acquire 5,000 Ordinary Shares at an exercise price of GBP3.05 per
share.
Following this grant, Sean Arrowsmith holds options over 5,000
Ordinary Shares.
All other options granted were to employees of the Crossword
group.
The 27,500 options granted vest in three equal tranches on
first, second and third anniversary of the date of grant and are
exercisable into 27,500 Ordinary Shares at a price of GBP3.05 per
share.
Following this grant of options, the total number of Options
outstanding under the EMI Plan will be 80,679. A further 113,210
Options are outstanding under an unapproved share scheme. The total
number of Options outstanding following this grant will be 193,889
representing 3.78% of Crossword's issued share capital.
The following notifications, made in accordance with the
requirements of the EU Market Abuse Regulation, give further
details.
Details of the person discharging managerial responsibilities
1 / 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 at a price of GBP3.05 per share.
type of instrument
Identification code For Ordinary Shares: GB00BPFJXS57
-------------------------- ------------------------------------------
b) Nature of the transaction Granting of options
-------------------------- ------------------------------------------
c) Price(s) and volume(s) Price Nil Volume 2,500
-------------------------- ------------------------------------------
d) Aggregated information Price Nil Volume 2,500
-------------------------- ------------------------------------------
e) Date of the transaction 18/06/2020
-------------------------- ------------------------------------------
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 Options to acquire ordinary shares of
financial instrument, 5p each each at a price of GBP3.05 per
type of instrument share.
Identification code
For Ordinary Shares: GB00BPFJXS57
-------------------------- ----------------------------------------
b) Nature of the transaction Granting of options
-------------------------- ----------------------------------------
c) Price(s) and volume(s) Price Nil Volume 2,500
-------------------------- ----------------------------------------
d) Aggregated information Price Nil Volume 2,500
-------------------------- ----------------------------------------
e) Date of the transaction 18/06/2020
-------------------------- ----------------------------------------
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 Options to acquire Ordinary shares of
financial instrument, 5p each at a price of GBP3.05 per share.
type of instrument
Identification code For Ordinary Shares: GB00BPFJXS57
-------------------------- ------------------------------------------
b) Nature of the transaction Granting of options
-------------------------- ------------------------------------------
c) Price(s) and volume(s) Price Nil Volume 2,500
-------------------------- ------------------------------------------
d) Aggregated information Price Nil Volume 2,500
-------------------------- ------------------------------------------
e) Date of the transaction 18/06/2020
-------------------------- ------------------------------------------
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 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 Options to acquire Ordinary shares of
financial instrument, 5p each at a price of GBP3.05 per share.
type of instrument
Identification code For Ordinary Shares: GB00BPFJXS57
-------------------------- ------------------------------------------
b) Nature of the transaction Granting of options
-------------------------- ------------------------------------------
c) Price(s) and volume(s) Price Nil Volume 5,000
-------------------------- ------------------------------------------
d) Aggregated information Price Nil Volume 5,000
-------------------------- ------------------------------------------
e) Date of the transaction 18/06/2020
-------------------------- ------------------------------------------
f) Place of the transaction Off-market transaction
-------------------------- ------------------------------------------
- Ends -
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 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,
Crossword's most recently launched 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. 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.
For media enquiries contact:
Lorena Duke, GingerPR
lorena@gingerpr.co.uk, 01932 485 300
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END
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