17 November 2023
CyanConnode Holdings plc
("CyanConnode" or the "Company")
Issue of Share Options
CyanConnode (AIM:CYAN.L), the world leader in narrowband radio mesh networks, announces that, on 17 November 2023, it awarded options to acquire ordinary shares of 2 pence per share in the Company ("Options") to John Cronin, Executive Chairman and to Heather Peacock, Chief Financial Officer, as follows:
| Director | No of options | Exercise price (p) | Vesting |
| John Cronin | 600,000 | 15.75 | one third at grant and one third on each of 31 March 2024 and 31 March 2025 |
| | 506,082 | 14.00 | one third at grant and one third on each of 31 March 2024 and 31 March 2025 |
| | 442,857 | 17.00 | one third on each of 31 January 2024, 31 January 2025 and 31 January 2026 |
| | 1,548,949 | | |
| | | | |
| Heather Peacock | 600,000 | 15.75 | one third at grant and one third on each of 31 March 2024 and 31 March 2025 |
| | 506,082 | 14.00 | one third at grant and one third on each of 31 March 2024 and 31 March 2025 |
| | 442,857 | 17.00 | one third on each of 31 January 2024, 31 January 2025 and 31 January 2026 |
| | 682,642 | | |
These are the first share options awarded to the directors in over two years. This brings the total options held by John Cronin to 3,256,420 being 1.09% of issued share capital and options held by Heather Peacock to 2,191,850 being 0.73% of issued share capital. The above options have been awarded as part of the Company's Unapproved Share Option Scheme. It is anticipated that the options granted today will be converted into shares to be held in the Company's Joint Share ownership Plan ("JSOP") as soon as appropriate, with the same vesting prices and dates as set out above.
In addition to the above share options John Cronin and Heather Peacock currently hold the following shares in the Company's JSOP.
|
Director |
Grant Date |
Expiry Date | Participation Price £ | Shares in JSOP | % of share capital |
| John Cronin | 10/11/21 | 10/11/26 | 0.145 | 5,672,359 | |
| | | | | 5,672,359 | 1.90% |
| Heather Peacock | 10/11/21 | 10/11/26 | 0.145 | 1,331,498 | |
| | | | | 1,331,498 | 0.45% |
Enquiries:
| CyanConnode Holdings plc | |
| John Cronin, Executive Chairman
| Tel: +44 (0) 1223 865 750 |
| Strand Hanson Limited (Nominated and Financial Adviser) |
|
| James Harris / Richard Johnson / David Asquith
Zeus Capital Limited (Sole Bookrunner and Broker) Simon Johnson / Louisa Waddell
| Tel: +44 (0) 20 7409 3494
Tel:+44 (0)20 3829 5000
|
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