Crossword Cybersecurity Plc (GB:CCS) has released an update.
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Crossword Cybersecurity Plc is convening a general meeting to propose an increase in their borrowing limit to £5.75m, addressing a previous oversight regarding shareholder approval for deferred interest on Convertible Loan Notes. The company briefly exceeded its borrowing limit in August 2024 but seeks to rectify the situation and provide greater financial flexibility moving forward. Directors recommend shareholders to vote in favor of the resolution, reflecting their commitment with a 17.55% backing of the company’s voting.
For further insights into GB:CCS stock, check out TipRanks’ Stock Analysis page.
