10th Feb 2021 11:54
Crossword Cybersecurity PLC - Richmond, England-based cyber security and risk-focused technology commercialisation company - Raises GBP1.6 million through a share placing and subscription at a price of 260 pence per share. Notes the placing was for 591,340 shares and the subscription was for 38,460 shares, with both from new and existing institutional shareholders. Says the proceeds are to drive growth in Crossword's Rizikon Pro platform, to increase sales and marketing resources, for product development and support, and for general working capital purposes.
"I am delighted with the continued support we have received from our shareholders, and to welcome new shareholders including the Helium Rising Stars Fund in this latest fundraising, and two other new institutional shareholders. Additionally, in 2021 we will be focusing on securing major consulting clients, adding to our cyber security product portfolio, and expanding internationally," says Chief Executive Tom Ilube.
Current stock price: 274.30 pence
Year-to-date change: down 0.3%
By Zoe Wickens; [email protected]
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