CyanConnode Holdings PLC Block listing Update (0749U)

TIDMCYAN

RNS Number : 0749U

CyanConnode Holdings PLC

13 January 2017

CyanConnode Holdings plc

Block listing update

Further to the announcement on 12 July 2016, CyanConnode Holdings plc (the "Company") provides an update on its block listing arrangements for the period from 12 July 2016 to 11 January 2017.

 
 Name:                                 CyanConnode Holdings plc 
 Name of scheme:                       Share-based payment agreements 
 Period of return:                     From 12 July 2016 to 11 January 
                                        2017 
 Balance of unallotted 
  securities under scheme(s) 
  from previous return:                  425,628,553 
 Plus: The amount by which 
  the block scheme(s) has 
  been increased since the 
  date of the last Review 
  (if any increase has been 
  applied for):                        100,000,000 
 Less: Number of securities 
  issued/allotted under 
  scheme(s) during period                442,589,062 
 Equals: Balance under 
  scheme(s) not yet issued/allotted 
  at end of period:                    83,039,491 
 Number and class of securities        10,000,000 ordinary shares 
  originally admitted:                  of 0.01p each (16/09/2010) 
                                        10,000,000 ordinary shares 
                                        of 0.01p each (01/10/2010) 
                                        10,000,000 ordinary shares 
                                        of 0.01p each (06/07/2011) 
                                        10,000,000 ordinary shares 
                                        of 0.01p each (01/02/2012) 
                                        10,000,000 ordinary shares 
                                        of 0.01p each (13/04/2012) 
                                        10,000,000 ordinary shares 
                                        of 0.01p each (20/07/2012) 
                                        30,000,000 ordinary shares 
                                        of 0.01p each (01/08/2013) 
                                        30,000,000 ordinary shares 
                                        of 0.01p each (15/01/2014) 
                                        30,000,000 ordinary shares 
                                        of 0.01p each (26/06/2014) 
                                        30,000,000 ordinary shares 
                                        of 0.01p each (02/09/2015) 
                                        100,000,000 ordinary shares 
                                        of 0.01p each (14/12/2015) 
                                        405,502,333 ordinary shares 
                                        of 0.01p each (01/07/2016) 
                                        100,000,000 ordinary shares 
                                        of 0.01p each (25/08/2016) 
 
 

In addition, CyanConnode announces that application has been made for admission to trading on AIM in respect of a further block listing of 100,000,000 ordinary shares of 0.01p each to become effective on 19 January 2017 (the "Block Listing Shares"). The Block Listing Shares may be used to settle cash sums due by the Company for suppliers and professional advisers. They may also be used for the payment of employee salaries. Such shares will be issued out of the Block Listing Shares on the first day of each month at the closing mid-market price of the Company's ordinary shares on the last trading day of the previous month. The Block Listing Shares admitted on 1 July 2016 will be used to issue shares to directors and certain employees as described in the circular announced to shareholders on 14 June 2016, at the placing price of 0.18 pence per ordinary share.

On issue, the block listing shares will be issued credited as fully paid and will rank pari passu with the existing ordinary shares in issue.

The Company now has 15,804,388,644 ordinary shares of 0.01p each in issue. The figure of 15,804,388,644 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 Guidance and Transparency Rules.

Enquiries:

 
 Cyan Holdings plc              www.cyantechnology.com 
 John Cronin, Executive         Tel: [phone] 
  Chairman 
 Cantor Fitzgerald Europe 
  (Nomad and Broker) 
 Andrew Craig / Richard         Tel: [phone] 
  Salmond                        7000 
 
  Beaufort Securities Limited 
  (Broker) 
  Jon Belliss                    Tel: [phone] 
                                 8300 
 Walbrook PR 
  (Investor Relations)            [e-mail] 
 Paul Cornelius / Nick          Tel: [phone] 
  Rome 
 

This information is provided by RNS

The company news service from the London Stock Exchange

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January 13, 2017 02:00 ET (07:00 GMT)