Source - RNS
RNS Number : 5354L
Cyan Holdings Plc
03 October 2016
 

Cyan Holdings plc

("CyanConnode" or the "Company")

Director Shareholdings

CyanConnode (AIM:CYAN.L), the world leader in narrowband RF mesh networks for Omni Internet of Things communications, announces that following the Company's announcement in its circular dated 14 June 2016 (the "Circular") in which it was set out that all Directors had agreed to receive shares in the Company at the placing price of 0.18 pence per Ordinary Share rather than receive all remuneration that became due during the period 1 July 2016 to 30 June 2017 in cash, and certain employees had agreed to receive shares in the Company at the placing price of 0.18 pence per ordinary share rather than any bonuses that became due during the same period, it has today issued the following shares of 0.01 pence per share (the "Income Shares" as defined in the Circular) to the directors of the Company:

Director

Position

No. of shares issued

Previous shareholding

Total shareholding

Per cent. of issued share capital post issue

 

John Cronin

Executive Chairman

10,833,750

303,912,037

314,745,787

2.09%

Simon Smith

Chief Financial Officer

4,885,185

178,125,836

183,011,021

1.22%

Henry Berry

Non-Executive Director

4,120,787

67,484,871

71,605,658

0.48%

John Read

Non-Executive Director

898,055

48,530,641

49,428,696

0.33%

Paul Ratcliff

Non-Executive Director

989,259

7,724,045

8,713,304

0.06%

 

As a result of the issue of these 21,727,036 Income Shares and 26,027,027 ordinary shares of 0.1 pence each ("Ordinary Shares") pursuant to its block listing arrangements, the Company now has 15,062,172,211 Ordinary Shares in issue. This figure of 15,062,172,211 may be used by shareholders as the denominator by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company under the Disclosure and Transparency Rules.

Enquiries:

Cyan Holdings plc

John Cronin, Executive Chairman

Tel: +44 (0) 1954 234 400

 

Cantor Fitzgerald Europe

NOMAD and Joint Broker


Andrew Craig / Richard Salmond

 

Beaufort Securities Limited

Jon Belliss

Tel: +44 (0) 20 7894 7000

 

 

Tel: +44 (0) 20 7382 8300

 

Walbrook PR

(Investor Relations)

 

 

Tel: +44(0) 20 7933 8780

Paul Cornelius / Nick Rome

[email protected]

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
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