Crossword Cybersecurity Plc (AIM:CCS) agreed to acquire Stega Uk limited for £1.8 million on July 28, 2021. As per the transaction, Crossword Cybersecurity Plc will pay £760,000 in cash, payable in three tranches, £600,000 on completion, £80,000 on the first anniversary of completion and £80,000 eighteen months following completion. Crossword Cybersecurity Plc will also pay £200,000 in Company shares, issued in three tranches, £100,000 on completion through issuance of 242,016 ordinary shares, £50,000 on the first anniversary of completion and £50,000 eighteen months following completion. On the first anniversary of the transaction, up to £295,000 cash and £125,000 in Company shares payable on achievement of a revenue growth target of 24% during the 12 months following completion of the transaction compared with revenue in the most recent annual accounts, with lesser payments for achievement of 50% and 75% of the growth target. Eighteen months following completion of the transaction, up to £295,000 cash and £125,000 in Company shares payable on achievement of a growth target of 24% for revenue on an annualized basis during the six months following the first anniversary of completion of the transaction (so for the period 12-18 months following the transaction completion) compared with revenue in the most recent annual accounts, with lesser payments for achievement of 50% and 75% of the growth target. The unconditional consideration represents a revenue multiplier of 2.25. For the period ending November 30, 2020, Stega reported revenue of £605,000 and net assets of £49,667. Chief Executive Officer of Stega, Phil Ashley and his team will join Crossword and work alongside Crossword's Consulting team. Colin Aaronson and Lukas Girzadas of Grant Thornton acted as financial advisor for Crossword Cybersecurity. Crossword Cybersecurity Plc (AIM:CCS) completed the acquisition of Stega Uk limited on August 9, 2021.