Crossword Cybersec - Notice of General Meeting
Notice of General Meeting
The special resolution will, if passed, amend the Articles such that the Group's borrowing powers will be limited to the greater of
By virtue of its size, Mr Ilube's loan constitutes a related party transaction under Rule 13 of the AIM Rules for Companies. The Independent Directors, being the Directors other than Tom Ilube consider, having consulted with the Company's Nominated adviser, that the terms of Mr Ilube's loan are fair and reasonable insofar as the Company's Shareholders are concerned.
The loans, which are unsecured, will have warrants attached which would enable loan note holders to acquire shares to the value of 10 per cent. of the value of their loans calculated at the date before the loans were agreed.
The Circular, which will shortly be posted to shareholders and will be available on the Company's website on www.crosswordcybersecurity.com, contains further details regarding the resolution to be put at the general meeting and also contains a notice convening a general meeting to be held at the offices of
A further announcement will be made on posting of the Circular.
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.
Email: [email protected]
Tom Ilube, Chief Executive Officer
For media enquiries contact:
[email protected], 01932 485 300
This information is provided by RNS, the news service of the
Quick facts: Crossword Cybersecurity PLC
Market Cap: £13.6 m
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