BrandShield Systems plc (AIM: BRSD), a leading provider of cybersecurity solutions from brand protection to online threat hunting, is pleased to announce its admission to trading on AIM (“Admission”) following the reverse takeover of Two Shields Investments plc.
The number of ordinary shares in issue immediately after Admission will be 114,136,532, giving the Company a market capitalisation of approximately £22.8 million at the issue price of 20 pence per share. Dealings in the ordinary shares are expected to commence at 08.00am today, 1 December 2020.
BrandShield is a provider of cybersecurity solutions from brand protection to online threat hunting. BrandShield detects online threats and takes them down. The Company’s client base is a growing list of organisations including Fortune 500 and FTSE100 companies. By utilising AI and big-data analysis, BrandShield monitors, detects, and removes online threats facing companies. These threats include social phishing, executive impersonation, fraud, brand abuse, and counterfeits. For more information, visit www.brandshield.com
· Successfully raised £3.2 million (before expenses) via a placing of, and subscription for 16,000,000 new ordinary shares at an issue price of 20 pence per share
· The new monies will be used by BrandShield to capitalise on the increasing number of new business opportunities it sees. The global cyber threat intelligence market is growing rapidly, and according to MarketsandMarkets, is estimated to grow to US$12.9 billion by 2023, at a compound annual growth rate of almost 20%.
Yoav Keren, BrandShield CEO, said: “This is an exciting day for BrandShield. During 2020, there has been an acceleration in interest in BrandShield with the growth in online criminal activity. Our annual recurring revenue from new business signed in the first six months of 2020 was almost equivalent to that in the whole of 2019. The demand for our market-leading services, which can remove the online threats that cause companies significant financial and reputational damage, is only going to expand. We intend to use our listing to build our business and become the premier provider in the market helping companies deal with online threats.”
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