CYAN Cyanconnode Holdings Plc

TIDMCYAN

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        Previous           Total        Per cent. 
                                         shares    shareholding    shareholding        of issued 
                                         issued                                    share capital 
                                                                                      post issue 
---------------  -----------------  -----------  --------------  --------------  --------------- 
                  Executive 
 John Cronin       Chairman          10,833,750     303,912,037     314,745,787            2.09% 
---------------  -----------------  -----------  --------------  --------------  --------------- 
                  Chief Financial 
 Simon Smith       Officer            4,885,185     178,125,836     183,011,021            1.22% 
---------------  -----------------  -----------  --------------  --------------  --------------- 
                  Non-Executive 
 Henry Berry       Director           4,120,787      67,484,871      71,605,658            0.48% 
---------------  -----------------  -----------  --------------  --------------  --------------- 
                  Non-Executive 
 John Read         Director             898,055      48,530,641      49,428,696            0.33% 
---------------  -----------------  -----------  --------------  --------------  --------------- 
                  Non-Executive 
 Paul Ratcliff     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         Tel: +44 (0) 1954 234 
  Chairman                       400 
 
   Cantor Fitzgerald Europe 
   NOMAD and Joint Broker 
 Andrew Craig / Richard         Tel: +44 (0) 20 7894 
  Salmond                        7000 
 
  Beaufort Securities Limited 
  Jon Belliss                    Tel: +44 (0) 20 7382 
                                 8300 
 
   Walbrook PR 
   (Investor Relations)           Tel: +44(0) 20 7933 8780 
 Paul Cornelius / Nick          cyanconnode@walbrookpr.com 
  Rome 
 

This information is provided by RNS

The company news service from the London Stock Exchange

END

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October 03, 2016 10:04 ET (14:04 GMT)

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