Crossword Cybersec - Director's subscription completes £1m fundraise
27 April 2020 -
Tom Ilube's subscription completes the Company's placing of 437,530 Ordinary Shares ("Placing Shares") to raise
Related Party Transaction
By virtue of its size, Tom Ilube's subscription 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 subscription are fair and reasonable insofar as the Company's Shareholders are concerned.
Settlement and dealings
Application will be made for the admission of the 437,530 Placing Shares, which includes the 363,617 shares announced on 20 April and which rank pari passu with the Company's existing issued Ordinary Shares, to be admitted to trading on AIM. Dealings on AIM are expected to commence at
Total Voting Rights
For the purposes of the Financial Conduct Authority's Disclosure Guidance and Transparency Rules ("DTRs"), following Admission, Crossword will have 5,132,090 Ordinary Shares in issue with voting rights attached. Crossword holds no shares in treasury. This figure of 5,132,090 may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in the Company, under the DTRs.
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: £15.65 m
NO INVESTMENT ADVICE
The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...FOR OUR FULL DISCLAIMER CLICK HERE