Crossword Cybersecurity PLC (AIM:CCS) has confirmed the issue of some £172,032 worth of new shares covering its first anniversary deferred payment related to its 2022 acquisition of Threat Status Limited. At the same time, some £281,785 is payable in cash.
Some 1.052mln new Crossword shares are being issued at a price of 16.35p (calculated as the preceding three-month average price).
Next year, at the second anniversary, a further £125,000 of shares and £450,000 of cash will become payable under the previously announced deal structure.