CyanConnode Holdings PLC Result of General Meeting (4212S)
02 October 2017 - 9:26PM
UK Regulatory
TIDMCYAN
RNS Number : 4212S
CyanConnode Holdings PLC
02 October 2017
CyanConnode Holdings plc
("CyanConnode" or the "Company")
Result of General Meeting
CyanConnode Holdings plc (AIM:CYAN.L), the world leader in
narrowband radio mesh networks, is pleased to announce that at the
Company's General Meeting held at 11.00 a.m. today, all of the
resolutions proposed to shareholders were duly passed.
Following such approvals the Company now has the requisite
authorities to complete the placing of 16,995,349 ordinary shares,
subscription for 13,857,139 ordinary shares and share consolidation
as announced on 15 September 2017.
Application has been made for the Consolidated Shares and the
Fundraising Shares to be admitted to trading on AIM ("Admission")
and Admission is expected to become effective at 8.00 a.m. on 3
October 2017 for the Consolidated Shares, 5,482,142 of the
Subscription Shares and the EIS/VCT Placing Shares, and on 4
October 2017 for the General Placing Shares and 6,589,283 of the
Subscription Shares. It is expected that April Admission will
become effective and that dealings in the remaining 1,785,714
Subscription Shares will commence by 8.00 a.m. on 10 April
2018.
Following the issue of the 89,543,134 Consolidated Shares and
29,066,774 of the Fundraising Shares, the Company's issued share
capital will consist of 118,609,908 ordinary shares. The Company
does not hold any shares in treasury. This figure of 118,609,908
may be used by shareholders as the denominator for the calculations
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 Guidance and Transparency Rules.
Following completion of the Share Consolidation, which will take
effect at 6.00 p.m. today, and as detailed in the circular posted
to Shareholders on 15 September 2017, Shareholders with a holding
of fewer than 200 Existing Ordinary Share prior to 6.00 p.m. today
will not be entitled to receive any Consolidated Shares and will
cease to be Shareholders.
Immediately following the meeting, the Company gave a short
presentation to shareholders, a copy of which can be found on the
Company's website at:
http://cyanconnode.com/investors/presentations/
The information contained within this announcement is deemed by
the Company to constitute inside information as stipulated under
the Market Abuse Regulations (EU) No. 596/2014. Upon the
publication of this announcement via a Regulatory Information
Service ("RIS"), this inside information is now considered to be in
the public domain.
Enquiries:
CyanConnode Holdings plc Tel: +44 (0) 1223
225 060
John Cronin, Executive Chairman www.cyanconnode.com
FinnCap Ltd (Nomad and Broker) Tel: +44 (0) 20
7220 0500
Adrian Hargrave/Giles Rolls
(Corporate Finance)
Alice Lane (Corporate Broking)
Walbrook PR (Financial PR) Tel: +44 (0) 20
7933 8780
Paul Cornelius / Nick Rome cyanconnode@walbrookpr.com
This information is provided by RNS
The company news service from the London Stock Exchange
END
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