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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 : 7342B
CyanConnode Holdings PLC
06 April 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, was notified yesterday that Peter Hutton, Non-Executive Director, purchased 26,308,972 ordinary shares of 0.01p in the Company ("Ordinary Shares") yesterday, at a price of 0.19 pence per share.
Peter was appointed to the Board of CyanConnode as a Non-Executive Director three days ago and joined us from his most recent role as a member of the executive committee at Cambridge based ARM Limited, the UK trading company of ARM Holdings plc, which was recently acquired by Softbank Japan for GBP24 billion.
Following yesterday's purchase, Peter Hutton's interest in the Company's current issued share capital is 26,308,972 Ordinary Shares, being approximately 0.15% of the current issued share capital.
Furthermore, in accordance with the CyanConnode Non-Executive Share Plan, details of which are set out below, and following the above purchase yesterday, the Company has granted options over 26,308,972 Ordinary Shares with an exercise price of 0.19 pence per Ordinary Share to Peter Hutton. Following this grant, Peter Hutton will hold options over 26,308,972 Ordinary Shares.
CyanConnode Non-Executive Share Plan
The Board adopted a share subscription and option plan in July 2014 in order to retain and attract Non-Executive Directors.
Existing and future Non-Executive Directors are offered the opportunity to purchase up to a maximum of GBP200,000 of 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 options are exercisable only after the fourth anniversary of the date of grant and must be exercised in 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 sale of the Company.
Enquiries:
CyanConnode Holdings www.cyanconnode.com plc John Cronin, Executive Tel: +44 (0) 1223 225 Chairman 060 Cantor Fitzgerald Europe NOMAD and Joint Broker Andrew Craig / Richard Tel: +44 (0) 20 7894 Salmond 7000 Beaufort Securities Limited Joint Broker Jon Belliss Tel: +44 (0) 20 7382 8300 Walbrook PR (Investor Relations) cyanconnode@walbrookpr.com Paul Cornelius / Nick Tel: +44(0) 20 7933 8780 Rome
This information is provided by RNS
The company news service from the London Stock Exchange
END
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(END) Dow Jones Newswires
April 06, 2017 02:01 ET (06:01 GMT)
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