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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 | 393,881 | 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 : 9864I
CyanConnode Holdings PLC
23 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 Harry Berry, Non-Executive Director, has purchased 14,000,000 ordinary shares of 0.01p in the Company ("Ordinary Shares"), at a price of 0.14 pence per share.
This brings Harry Berry's interest in the Company's current issued share capital to 110,559,292 Ordinary Shares, being approximately 0.62 % of the current issued share capital. The total amount invested to date in the Company by Mr Berry has increased from GBP203k to GBP223k.
This purchase is following the share purchase yesterday by John Cronin of GBP50,000 and 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.
Harry Berry commented: "As a Non-Executive Director, I would like to echo the comments that John Cronin made in the announcement of his GBP50,000 share purchase yesterday regarding the strong fundamentals of the business today. We have now built a world class development and delivery organisation and the value of this has directly resulted in the follow on orders from Tata Power and in Bangladesh. With additional orders booked and a world class delivery team in place, I also viewed the recent share price weakness as a buying opportunity and have therefore demonstrated my continued commitment and support through this additional share purchase."
Furthermore, pursuant to the CyanConnode Non-Executive Share Plan, which is detailed below, and following the above purchase, the Company will now grant options over 14,000,000 Ordinary Shares with an exercise price of 0.14 pence per Ordinary Share to Harry Berry. Following this grant, Harry Berry will hold options over 151,422,941 Ordinary Shares, of which 26,000,000 options have been issued under the Non-Executive Director Share Plan set out below.
CyanConnode Non-Executive Share Plan
The Board has adopted a share subscription and option plan in order to retain and attract Non-Executive Directors.
Existing and future Non-Executive Directors will be offered the opportunity to purchase up to a maximum of GBP200,000 for Ordinary Shares 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 Non-Executive Director 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 Non-Executive Director 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 Harry Berry --- ------------------------------- ---------------------------------- 2. Reason for the Notification --- ------------------------------------------------------------------- a) Position/status Non-Executive Director --- ------------------------------- ---------------------------------- 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) --------- ----------- 0.14p 14,000,000 --------- ----------- --- ------------------------------- ---------------------------------- d) Aggregated information: * Aggregated volume Purchase of 14,000,000 ordinary shares of 0.01p pence at 0.14 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 23, 2017 02:01 ET (06:01 GMT)
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