CyanConnode Holdings PLC Director/PDMR Shareholding (8824W)
18 November 2017 - 3:08AM
UK Regulatory
TIDMCYAN
RNS Number : 8824W
CyanConnode Holdings PLC
17 November 2017
CyanConnode Holdings plc
("CyanConnode" or the "Company")
Director / PDMR Shareholdings
CyanConnode (AIM:CYAN.L), the world leader in narrowband radio
mesh networks, announces the cancellation and issue of replacement
options to certain directors and employees following a review of
executive and employee incentives conducted by the board and the
Company's Remuneration Committee.
All EMI share options held by John Cronin, Harry Berry and Simon
Smith were cancelled on 17 November 2017 (the "Cancelled Options")
and replaced with the same number of new share options, as detailed
below, on the same date (the "New Options"). The New Options are
being issued with a 20% hurdle to the September 2017 placing price.
The Remuneration Committee has taken these steps in order to retain
key people and to incentivise individuals across the group
(directors and employees) to drive increased shareholder value.
Cancelled Options
Name Position Current Exercise Per cent.
number Price of of issued
of Options current share
held Options capital
(in pence
per share)
-------------- --------------------- ------------ ------------ -----------
John Cronin Executive Chairman 382,804 60.0
175,297 84.0
558,101 0.44%
------------
Simon Smith NED 210,032 60.0
130,746 84.0
255,526 50.0
596,304 0.47%
------------
Harry Berry Chief Operating 372,944 50.0
Officer
142,566 43.4
70,000 28.0
149,664 37.2
735,174 0.58%
------------
New Options
Name Position Current Exercise Per cent.
number Price of of issued
of Options current share
held Options capital
(in pence
per share)
--------------- ---------------------- ------------ ------------ -----------
John Cronin Executive Chairman 558,101 33.6
------------
558,101 0.44%
Simon Smith NED 596,304 33.6
------------
596,304 0.47%
Harry Berry COO 735,174 33.6
------------
735,174 0.58%
The New Options shall vest as follows:-
1,415,270 shall vest on 2 October 2018
306,900 shall vest on 2 October 2019
197,083 shall vest on 2 October 2020
All EMI Options will lapse if unexercised after 10 years from
the date of grant.
Following the above transaction the John Cronin, Harry Berry and
Simon Smith interests' in ordinary shares in the Company remains
unchanged.
Enquiries:
CyanConnode Holdings plc www.cyanconnode.com
John Cronin, Executive Chairman Tel: +44 (0) 1223
225 060
finnCap Ltd
(NOMAD and Broker)
Adrian Hargrave / Giles Rolls Tel: +44 (0) 20
(Corporate Finance) 7220 0500
Alice Lane (Corporate Broking)
Walbrook PR
(Investor Relations) cyanconnode@walbrookpr.com
Paul Cornelius / Nick Rome Tel: +44(0) 20
7933 8780
Notification and public disclosure of transactions by persons
discharging managerial responsibilities and persons closely
associated with them
1. Details of the person discharging managerial
responsibilities / person closely associated
--- --------------------------------------------------------------------
a) Name Simon Smith
--- ------------------------------- -----------------------------------
2. Reason for the Notification
--- --------------------------------------------------------------------
a) Position/status PDMR
--- ------------------------------- -----------------------------------
b) Initial notification/Amendment Initial notification
--- ------------------------------- -----------------------------------
3. Details of the issuer, emission allowance
market participant, auction platform, auctioneer
or auction monitor
--- --------------------------------------------------------------------
a) Name CyanConnode Holdings plc
--- ------------------------------- -----------------------------------
b) LEI 213800MDLW3GKKW5TT58
--- ------------------------------- -----------------------------------
4. Details of the transaction(s): section to
be repeated for (i) each type of instrument;
(ii) each type of transaction; (iii) each
date; and (iv) each place where transactions
have been conducted
--- --------------------------------------------------------------------
a) Description of Ordinary shares
the Financial of 2p
instrument, type
of instrument
---
Identification GB00B0P66Q02
code
--- ------------------------------- -----------------------------------
b) Nature of the Cancellation of Options &
transaction Grant of Options
--- ------------------------------- -----------------------------------
c) Price(s) and Cancellation of Options
volume(s) ------------------------------
Exercise price(s) Volume(s)
(pence)
------------------ ----------
60.00 210,032
84.00 130,746
50.00 255,526
------------------ ----------
Grant of Options
------------------------------
Exercise price(s) Volume(s)
(pence)
------------------ ----------
33.6 596,304
------------------ ----------
--- ------------------------------- -----------------------------------
d) Aggregated information:
* Aggregated volume As above
* Price
--- ------------------------------- -----------------------------------
e) Date of the transaction 17 November 2017
--- ------------------------------- -----------------------------------
f) Place of the London Stock Exchange, AIM
transaction Market (XLON)
--- ------------------------------- -----------------------------------
1. Details of the person discharging managerial
responsibilities / person closely associated
--- --------------------------------------------------------------------
a) Name John Cronin
--- ------------------------------- -----------------------------------
2. Reason for the Notification
--- --------------------------------------------------------------------
a) Position/status PDMR
--- ------------------------------- -----------------------------------
b) Initial notification/Amendment Initial notification
--- ------------------------------- -----------------------------------
3. Details of the issuer, emission allowance
market participant, auction platform, auctioneer
or auction monitor
--- --------------------------------------------------------------------
a) Name CyanConnode Holdings plc
--- ------------------------------- -----------------------------------
b) LEI 213800MDLW3GKKW5TT58
--- ------------------------------- -----------------------------------
4. Details of the transaction(s): section to
be repeated for (i) each type of instrument;
(ii) each type of transaction; (iii) each
date; and (iv) each place where transactions
have been conducted
--- --------------------------------------------------------------------
a) Description of Ordinary shares
the Financial of 2p
instrument, type
of instrument
---
Identification GB00B0P66Q02
code
--- ------------------------------- -----------------------------------
b) Nature of the Cancellation of Options &
transaction Grant of Options
--- ------------------------------- -----------------------------------
c) Price(s) and Cancellation of Options
volume(s) ------------------------------
Exercise price(s) Volume(s)
(pence)
------------------ ----------
60.00 382,804
84.00 175,297
------------------ ----------
Grant of Options
------------------------------
Exercise price(s) Volume(s)
(pence)
------------------ ----------
33.6 558,101
------------------ ----------
--- ------------------------------- -----------------------------------
d) Aggregated information:
* Aggregated volume As above
* Price
--- ------------------------------- -----------------------------------
e) Date of the transaction 17 November 2017
--- ------------------------------- -----------------------------------
f) Place of the London Stock Exchange, AIM
transaction Market (XLON)
--- ------------------------------- -----------------------------------
1. Details of the person discharging managerial
responsibilities / person closely associated
--- --------------------------------------------------------------------
a) Name Harry Berry
--- ------------------------------- -----------------------------------
2. Reason for the Notification
--- --------------------------------------------------------------------
a) Position/status PDMR
--- ------------------------------- -----------------------------------
b) Initial notification/Amendment Initial notification
--- ------------------------------- -----------------------------------
3. Details of the issuer, emission allowance
market participant, auction platform, auctioneer
or auction monitor
--- --------------------------------------------------------------------
a) Name CyanConnode Holdings plc
--- ------------------------------- -----------------------------------
b) LEI 213800MDLW3GKKW5TT58
--- ------------------------------- -----------------------------------
4. Details of the transaction(s): section to
be repeated for (i) each type of instrument;
(ii) each type of transaction; (iii) each
date; and (iv) each place where transactions
have been conducted
--- --------------------------------------------------------------------
a) Description of Ordinary shares
the Financial of 2p
instrument, type
of instrument
---
Identification GB00B0P66Q02
code
--- ------------------------------- -----------------------------------
b) Nature of the Cancellation of Options &
transaction Grant of Options
--- ------------------------------- -----------------------------------
c) Price(s) and Cancellation of Options
volume(s) ------------------------------
Exercise price(s) Volume(s)
(pence)
------------------ ----------
50.00 372,944
43.40 142,566
28.00 70,000
37.20 149,664
------------------ ----------
Grant of Options
------------------------------
Exercise price(s) Volume(s)
(pence)
------------------ ----------
33.6 735,174
------------------ ----------
--- ------------------------------- -----------------------------------
d) Aggregated information:
* Aggregated volume As above
* Price
--- ------------------------------- -----------------------------------
e) Date of the transaction 17 November 2017
--- ------------------------------- -----------------------------------
f) Place of the London Stock Exchange, AIM
transaction Market (XLON)
--- ------------------------------- -----------------------------------
The information communicated in this announcement is inside
information for the purposes of Article 7 of Regulation
596/2014.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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