Cyber Security 1 was earlier today notified of a bankruptcy application that was submitted to the Stockholm District Court by a creditor, related to an older disputed claim. The creditor has withdrawn the bankruptcy application.

Both clear and disputed claims have been produced in the ongoing corporate reconstruction. The company's new Board and CEO are working intensively in the reconstruction together with the administrator to validate the company's debt and creditors. The Stockholm District Court has, as previously announced, decided to extend the time for the corporate reconstruction until November 12, 2020.

Further information on the company's financial development will be commented on in the interim report for the third quarter, which will be published on October 30, 2020.

For further information, please contact:

Investor Relations Contact: 
George Messum: Phone: +44 (0)795 6589 186  E-mail: george.messum@cyber1.com
 
Fredrik Sätterström: Phone: +46 (0)70 510 10 22  E-mail: fredrik@cyber1.com

Mangold Fondkommission AB is the Company’s Certified Adviser.
Phone: +46 (0)8 503 015 50  E-mail: ca@mangold.se

About CYBER1

CYBER1 is engaged in providing cyber resilience solutions and conducts its operations through physical presences in UK, Sweden, Kenya, South Africa, United Arab Emirates and the United States. Listed on Nasdaq First North Growth Market (Nasdaq: CYB1.ST), the Group delivers services and technology licenses to enhance clients’ protections against unwanted intrusions, to provide and enhance cyber resilience and to prevent various forms of information theft. CYBER1 had revenues of 68.73m EUR in 2019.

For further information, please visit www.cyber1.com/investors.

For all company filings and reports, please visit: https://cyber1.com/cyber1-investor-information/

This information is information that Cyber Security 1 is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact persons set out above, at 2020-10-05 11:25 CEST.

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Cyber Security 1 – creditor withdraws bankruptcy application

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