THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION AS STIPULATED UNDER THE UK VERSION OF THE MARKET ABUSE REGULATION NO 596/2014 WHICH IS PART OF ENGLISH LAW BY VIRTUE OF THE EUROPEAN UNION (WITHDRAWAL) ACT 2018, AS AMENDED.  ON PUBLICATION OF THIS ANNOUNCEMENT VIA A REGULATORY INFORMATION SERVICE, THIS INFORMATION IS CONSIDERED TO BE IN THE PUBLIC DOMAIN.

16 May 2022

CYBA plc

Issue of Shares to SRI International

CYBA plc ("CYBA" or the "Company") the cybersecurity group specialising in high-end threat intelligence and critical infrastructure security, is pleased to announce that, further to the Company's announcement of 16 March 2022, it has issued 59,856,100 ordinary shares of £0.0001p each ("Ordinary Shares") to its partner, SRI International ("SRI").

The issue of Ordinary Shares follows the announcement of the commercial partnership with SRI regarding 'TIGR' (Threat Intelligence for Grid Recovery), a power grid cyber security product which Narf, CYBA's wholly owned subsidiary, is set to launch in 2022. TIGR was developed under DARPA's (US Department of Defense) RADICS program. The Ordinary Shares have been issued as part of the TIGR agreement at an equivalent price of 2p per share.

TIGR is an innovative cybersecurity product that can be used by utilities and cyber first responders to rapidly find and neutralise security compromises and restore power to electric grids and gas pipelines following a cyberattack, with a total addressable market of some 55,000 substations and 7,300 power plants in the US alone.  

On admission of the shares to trading, SRI will have a holding of 3.6% of the enlarged issued share capital of CYBA.

Admission and Total Voting Rights

Application is being made for admission of 59,856,100 Ordinary Shares to the Official List of the FCA (Standard Segment) and trading on the London Stock Exchange's Main Market for listed securities ("Admission") which is expected to occur at 8 a.m. on or around 19 May 2022.

On Admission the Company will have 1,683,981,100 Ordinary Shares in issue. The Company holds no shares in treasury. Accordingly, the figure of 1,683,981,100 can be used by shareholders 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 Financial Conduct Authority's Disclosure Guidance and Transparency Rules.

ENDS

About CYBA plc

CYBA plc (LSE: CYBA) is a UK-listed Cyber Security Group specialising in high-end threat intelligence with a focus on critical infrastructure. Through its 100% owned subsidiary, Narf Industries, the Group leads commissioned Cyber Security R&D and is commercialising a portfolio of products including a DARPA-backed product (an agency within the US Department of Defence) that can be used by utilities and cyber first responders to restore power to electric grids that have suffered a cyber-attack.  The Group aims to further strengthen its portfolio organically and via acquisition; its team of highly qualified Cyber Security experts is well placed to identify opportunities.

Important notice

The content of this announcement has not been approved by an authorised person within the meaning of the Financial Services and Markets Act 2000 (FSMA). This announcement has been issued by and is the sole responsibility of the Company. The information in this announcement is subject to change. This announcement is not an offer of securities for sale into the United States. The securities referred to herein have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the Securities Act), and may not be offered or sold, directly or indirectly, in or into the United States, except pursuant to an applicable exemption from registration. No public offering of securities is being made in the United States. This announcement is not for release, publication or distribution, directly or indirectly, in or into the United States, Australia, Canada, the Republic of South Africa, Japan or any jurisdiction where to do so might constitute a violation of local securities laws or regulations (a Prohibited Jurisdiction). This announcement and the information contained herein are not for release, publication or distribution, directly or indirectly, to persons in a Prohibited Jurisdiction unless permitted pursuant to an exemption under the relevant local law or regulation in any such jurisdiction.