CyanConnode Holdings PLC Director Shareholdings (7079Q)

TIDMCYAN

RNS Number : 7079Q

CyanConnode Holdings PLC

01 December 2016

CyanConnode Holdings plc

("CyanConnode" or the "Company")

Director Shareholdings

CyanConnode (AIM:CYAN.L), the world leader in narrowband RF mesh networks for Omni Internet of Things communications, announces that following the Company's announcement in its circular dated 14 June 2016 (the "Circular") in which it was set out that all Directors had agreed to receive shares in the Company at the placing price of 0.18 pence per Ordinary Share rather than receive all remuneration that became due during the period 1 July 2016 to 30 June 2017 in cash, and certain employees had agreed to receive shares in the Company at the placing price of 0.18 pence per ordinary share rather than any bonuses that became due during the same period, it has today issued the following shares of 0.01 pence per share (the "Income Shares" as defined in the Circular) to the directors of the Company:

 
 Director         Position               No. of        Previous           Total     Per cent. 
                                         shares    shareholding    shareholding     of issued 
                                         issued                                         share 
                                                                                      capital 
                                                                                   post issue 
---------------  -----------------  -----------  --------------  --------------  ------------ 
                  Executive 
 John Cronin       Chairman          10,826,207     325,549,361     336,375,568         2.14% 
---------------  -----------------  -----------  --------------  --------------  ------------ 
                  Chief Financial 
 Simon Smith       Officer            4,873,822     187,884,843     192,758,665         1.22% 
---------------  -----------------  -----------  --------------  --------------  ------------ 
                  Non-Executive 
 Henry Berry       Director           4,157,556      75,771,514      79,929,070         0.51% 
---------------  -----------------  -----------  --------------  --------------  ------------ 
                  Non-Executive 
 John Read         Director             898,072      50,326,751      51,224,823         0.33% 
---------------  -----------------  -----------  --------------  --------------  ------------ 
                  Non-Executive 
 Paul Ratcliff     Director             989,244       9,702,563      10,691,807         0.07% 
---------------  -----------------  -----------  --------------  --------------  ------------ 
 

As a result of the issue of these 21,744,901 Income Shares and 26,499,488 ordinary shares of 0.1 pence each ("Ordinary Shares") pursuant to its block listing arrangements, the Company now has 15,750,911,738 Ordinary Shares in issue. This figure of 15,750,911,738 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 and Transparency Rules.

Enquiries:

 
 CyanConnode Holdings 
  plc 
 John Cronin, Executive         Tel: [phone] 
  Chairman                       060 
 
   Cantor Fitzgerald Europe 
   NOMAD and Joint Broker 
 Andrew Craig / Richard         Tel: [phone] 
  Salmond                        7000 
 
  Beaufort Securities Limited 
  Jon Belliss                    Tel: [phone] 
                                 8300 
 
   Walbrook PR 
   (Investor Relations)           Tel: [phone] 
 Paul Cornelius / Nick          [e-mail] 
  Rome 
 

This information is provided by RNS

The company news service from the London Stock Exchange

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December 01, 2016 06:09 ET (11:09 GMT)