Proactive Investors - Run By Investors For Investors

Crossword Cybersecurity shares start trading on AIM

The cybersecurity and technology firm said the proceeds of the fundraising would be principally be used to further develop the group's operations and to support existing and future contracts
Crossword Cybersecurity shares start trading on AIM
Crossword said AIM was the perfect platform for the company to achieve its ambitious growth plans over the coming years

Crossword Cybersecurity PLC (NEX:CCS) on Friday said its shares had been admitted to trading on London’s junior AIM market after following their cancellation from the NEX market.

On admission, the company said it would have a market value of around £13.6mln, following a successful placing and subscription of around £2.0mln, before expenses.

READ: Crossword Cybersecurity's combination offers best of two worlds

Shares in Crossword were 3.9% down at 295p in early trade.

The cybersecurity and technology firm said the proceeds would be principally be used to further develop the group's operations and to support existing and future contracts.

The total number of Crossword shares in issue will be 4.7mln, the firm added.

"I am delighted that Crossword has reached this important milestone and I would like to thank Crossword's existing and new shareholders for their continued support as the company continues to grow. AIM is an excellent platform for Crossword to achieve its ambitious growth plans over the coming years,” Crossword CEO Tom Ilube said in a statement.

View full CCS profile View Profile

Crossword Cybersecurity Plc Timeline

Related Articles

Digital Marketing
February 19 2019
The digital marketing group said it saw a marked improvement in underlying profitability in the second half of its last fiscal year, and is aiming for "modest" revenue growth going forward
ROBO Global US CEO Travis Briggs
August 14 2018
Investors can buy directly into the popular ROBO ETF based on the benchmark index comprised of 87 top robotics, automation and AI companies.
electric vehicle charging
January 04 2019
AMP wants to add 25 sites in Greater London and extend its reach into the North-West around Liverpool and Manchester

© Proactive Investors 2019

Proactive Investors Limited, trading as “Proactiveinvestors United Kingdom”, is Authorised and regulated by the Financial Conduct Authority.
Registered in England with Company Registration number 05639690. Group VAT registration number 872070825 FCA Registration number 559082. You can contact us here.

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use