TIDMCYAN

RNS Number : 2983T

CyanConnode Holdings PLC

13 November 2023

13 November 2023

CyanConnode Holdings plc

("CyanConnode" or the "Company")

Placing and Subscription - update re Admission date and Director participation

Further to its announcements on 8 November and 9 November 2023, CyanConnode (AIM:CYAN.L), a world leader in narrowband radio frequency (RF) smart mesh networks, notifies that, in connection with the Fundraising to raise GBP2.7m (before expenses), First Admission is now expected on 15 November 2023 and Second Admission is now expected on 16 November 2023. Additionally, for administrative purposes, John Cronin, Executive Chairman, will subscribe for 300,000 new Ordinary Shares (together with associated Investor Warrants) in the Fundraising via the Subscription rather than the Placing.

Accordingly, First Admission shall comprise a total 2,600,300 new Ordinary Shares (600,300 First Placing Shares and 2,000,000 EIS Subscription Shares) and Second Admission shall comprise a total 24,588,200 new Ordinary Shares (18,288,200 Second Placing Shares and 6,300,000 Remaining Subscription Shares).

Enquiries:

 
 CyanConnode Holdings plc                   Tel: +44 (0) 1223 
                                                      225 060 
 John Cronin, Executive Chairman          www.cyanconnode.com 
 
 Strand Hanson Limited (Nominated and         Tel: +44 (0) 20 
  Financial Adviser)                                7409 3494 
 James Harris / Richard Johnson / David 
  Asquith 
 
 Zeus Capital Limited (Sole Bookrunner     Tel:+44 (0)20 3829 
  and Broker)                                            5000 
 Simon Johnson / Louisa Waddell

Capitalised terms used but not defined in this announcement shall have the meanings given to such terms in the launch announcement made by the Company on 8 November 2023 unless indicated otherwise.

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(END) Dow Jones Newswires

November 13, 2023 13:11 ET (18:11 GMT)

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