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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Cyanconnode Holdings Plc | LSE:CYAN | London | Ordinary Share | GB00BF93WP34 | ORD 2P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 8.30 | 8.20 | 8.40 | 8.30 | 8.30 | 8.30 | 286,662 | 08:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Electronic Components, Nec | 11.73M | -2.41M | -0.0074 | -11.22 | 26.86M |
TIDMCYAN
RNS Number : 8775I
CyanConnode Holdings PLC
22 June 2017
CyanConnode Holdings plc
("CyanConnode" or the "Company")
Director Shareholding and Issue of Options
CyanConnode (AIM:CYAN.L), the world leader in narrowband radio mesh networks, announces that John Cronin, Executive Chairman, has today purchased 43,500,000 ordinary shares of 0.01p in the Company ("Ordinary Shares"), at a price of 0.115 pence per share.
This brings John Cronin's interest in the Company's current issued share capital to 429,590,662 Ordinary Shares, being approximately 2.4 % of the current issued share capital. The total amount invested to date in the Company by Mr Cronin has increased from GBP0.8 million to GBP0.85 million.
This purchase is following the investment made by all Directors and certain senior managers in the Company over the past 12 months whereby Directors have used 100% of their remuneration to purchase shares in the Company at the July 2016 placing price of 0.18 pence per share. The amount invested by Directors and certain senior managers under this arrangement was GBP0.7 million, and was in addition to GBP0.3 million invested by Directors and senior managers in the Placing in July 2016, bringing the amount already invested in CyanConnode shares by the Directors and relevant senior managers over the last twelve months to GBP1 million.
John Cronin commented: "Having already invested GBP0.8 million of my own money in CyanConnode equity, I have today made a further investment of GBP50,000. Over the last week we have announced two solid customer orders, the Queen's speech to Parliament ratified the UK Government's commitment to roll out smart metering and yet the share price has materially declined. As the fundamentals of the business have improved and not deteriorated, I viewed this share price weakness as a buying opportunity."
Furthermore, pursuant to the CyanConnode Non-Executive Share Plan, which is detailed below, and following the above purchase yesterday, the Company will now grant options over 43,500,000 Ordinary Shares with an exercise price of 0.115 pence per Ordinary Share to John Cronin. Following this grant, John Cronin will hold options over 609,330,705 Ordinary Shares.
CyanConnode Matching Share Plan
The Board has adopted a share subscription and option plan in order to retain and attract employees and Executive Directors. All employees including Executive Directors will be offered the opportunity to purchase up to a maximum of GBP200,000 for ordinary shares in the Company at the then current market value and receive an associated grant of options over an equal number of ordinary shares at the same market value.
The key terms of the subscription and options are as follows:
-- The employee would decide the number of ordinary shares that he or she wishes to purchase (up to the maximum subscription of GBP200,000) at the then market price.
-- The Company will grant the employee options to subscribe for an equal number of ordinary shares exercisable at the same market price per share.
-- The options will ordinarily be exercisable only after the fourth anniversary of the date of grant.
-- The options must be exercised in any event prior to the tenth anniversary of the date of grant.
The options may be exercised in full prior to the fourth anniversary of the date of grant in the event of a successful takeover of the Company.
The information communicated in this announcement is inside information for the purposes of Article 7 of Regulation 596/2014.
Enquiries:
CyanConnode Holdings plc Tel: +44 (0) 1223 225 060 John Cronin, Executive www.cyanconnode.com Chairman FinnCap Limited (Nomad Tel: +44 (0) 20 7220 and Broker) 0500 Adrian Hargrave/Giles Rolls (Corporate Finance) Alice Lane (Corporate Broking) Walbrook PR (Investor Relations) Tel: +44(0) 20 7933 8780 Paul Cornelius / Nick Rome cyanconnode@walbrookpr.com
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 John Cronin --- ------------------------------- ---------------------------------- 2. Reason for the Notification --- ------------------------------------------------------------------- a) Position/status Executive Chairman --- ------------------------------- ---------------------------------- 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 n/a --- ------------------------------- ---------------------------------- 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 0.01p instrument, type of instrument --- Identification GB00B0P66Q02 code --- ------------------------------- ---------------------------------- b) Nature of the Purchase of ordinary shares transaction --- ------------------------------- ---------------------------------- c) Price(s) and Price(s) Volume(s) volume(s) --------- ----------- 0.115p 43,500,000 --------- ----------- --- ------------------------------- ---------------------------------- d) Aggregated information: * Aggregated volume Purchase of 43,500,000 ordinary shares of 0.01p pence at 0.115 pence per ordinary share * Price --- ------------------------------- ---------------------------------- e) Date of the transaction 22 June 2017 --- ------------------------------- ---------------------------------- f) Place of the London Stock Exchange, AIM transaction Market (XLON) --- ------------------------------- ----------------------------------
This information is provided by RNS
The company news service from the London Stock Exchange
END
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(END) Dow Jones Newswires
June 22, 2017 05:51 ET (09:51 GMT)
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