7 December 2018
CROSSWORD CYBERSECURITY PLC
Update on Proposed Admission to AIM and Withdrawal from NEX
Crossword Cybersecurity Plc (NEX:CCS, "Crossword" the "Company" or the “Group”) is pleased to announce that it has successfully raised £2 million before expenses by way of a placing and subscription for shares (the “New Shares”), the net proceeds of which will be used to further develop the Group’s operations and to support existing and future contracts (the “Fundraise”).
The Fundraise is conditional on, amongst other things, admission of the Company’s existing ordinary shares (“Ordinary Shares”) and the New Shares to trading on AIM (“Admission”). Admission is expected to occur on Friday 14 December 2018.
Consequently, the Company will withdraw its Ordinary Shares from trading on the NEX Exchange Growth Market as at the close of business on Thursday 13 December 2018.
The directors of the Company accept responsibility for the contents of this announcement.
For further information, please contact:
FOR FURTHER INFORMATION PLEASE CONTACT:
Tom Ilube - CEO
Crossword Cybersecurity Plc
Tel: +44 208 973 2350
NEX Exchange Corporate Advisor
Nick Michaels and Jon Isaacs
Alfred Henry Corporate Finance Limited
Tel: +44 207 251 3762
NEX Corporate Broker
Claire Louise Noyce - CEO, Hybridan LLP
Tel: +44 (0) 203 764 2341
The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014.
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