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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 | |
---|---|---|---|---|---|---|---|---|---|---|
-0.10 | -1.19% | 8.30 | 8.20 | 8.40 | 8.40 | 8.30 | 8.40 | 273,948 | 13:14:36 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Electronic Components, Nec | 11.73M | -2.41M | -0.0074 | -11.35 | 27.19M |
TIDMCYAN
RNS Number : 0203Z
CyanConnode Holdings PLC
12 December 2017
CyanConnode Holdings plc
("CyanConnode" or the "Company")
Director Share Purchases
CyanConnode (AIM:CYAN.L), the world leader in narrowband radio mesh networks, announces that Harry Berry, Chief Operating Officer, has purchased 71,423 ordinary shares of 2.0p in the Company ("Ordinary Shares"), at a price of 21.0 pence per share and Paul Ratcliff (Non-Executive Director) has purchased 71,633 Ordinary Shares at a price of 20.94 pence per share.
This brings Harry Berry's interest in the Company's current issued share capital to 624,219 Ordinary Shares, being approximately 0.49 % of the current issued share capital. The total amount invested to date in the Company by Mr Berry is GBP238k. This brings Paul Ratcliff's interest in the Company's current issued share capital to 162,734 Ordinary Shares, being approximately 0.13 % of the current issued share capital.
Harry Berry commented: "When I moved from Non-Executive Director into an Executive role as COO in July, we recognised the importance of converting the order book into successful customer deployment projects and this has been my primary focus. The order book has now grown very substantially since then and shareholders should take comfort that this will provide CyanConnode with significant revenue growth over the coming years together with a corresponding creation of shareholder value."
Paul Ratcliff commented: "The Board, including the Non-Executive Directors, have seen the recent fall in the share price and as per the RNS statement released yesterday, we are not aware of any corporate developments that justify such a movement. I've seen the hard work and determination of the management team and wanted to show my support by buying shares in the market today to demonstrate my confidence that we will be successful in creating significant shareholder value over time."
Additionally, David Bland (Finance Director, non-Board) has purchased GBP5k of shares in the market. David joined CyanConnode as FD in August and this is his first share purchase. Heather Peacock (Company Secretary, non-Board) has also purchased GBP5k of shares in the market taking the total amount invested by Heather to date to GBP65k.
Furthermore, pursuant to the CyanConnode Matching Share Plan (the "Plan"), details of which were set out most recently in the Company's RNS dated 27 June 2017, and following the above purchases, the Company will now grant options over 71,423 Ordinary Shares to Harry Berry and 71,633 options to Paul Ratcliff. Under the terms of this Plan the options would have been granted at the same price at which the shares were purchased, however both Mr Berry and Mr Ratcliff have agreed to having these options issued at a price twice that of the purchase price of the shares. The exercise price will therefore be 42.0 pence per Ordinary Share. The higher strike price means that the options will have no value whatsoever until the share price doubles and will only have significant value if the share price increases by a large multiple from that today. Additionally both Mr Bland and Ms Peacock will be issued matching share options at a price twice that of the purchase price of the shares they bought.
Following this grant, Harry Berry will hold options over 806,597 Ordinary Shares, of which 201,423 options have been issued under the Plan. In addition, he holds interests over 3,001,388 Ordinary Shares under the Company's Joint Share Ownership Plan. Following this grant, Paul Ratcliff will hold options over 71,633 Ordinary Shares, all of which are options issued under the Plan.
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 Chief Operating Officer --- ------------------------------- --------------------------------------------------- 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 2.0p instrument, type And options over of instrument ordinary shares of 2.0p --- Identification GB00B0P66Q02 code --- ------------------------------- --------------------------------------------------- b) Nature of the Purchase of ordinary shares transaction Grant of share options --- ------------------------------- --------------------------------------------------- c) Price(s) and volume(s) Purchase of Ordinary Shares Price(s) Volume(s) --------- ---------- 21.0p 71,423 --------- ---------- Grant of options Exercise Price(s) Volume(s) ------------------ ---------- 42.0p 71,423 ------------------ ---------- --- ------------------------------- --------------------------------------------------- d) Aggregated information: * Aggregated volume See above * Price --- ------------------------------- --------------------------------------------------- e) Date of the transaction 11 December 2017 --- ------------------------------- --------------------------------------------------- f) Place of the London Stock Exchange, AIM transaction Market (XLON) --- ------------------------------- --------------------------------------------------- 5. Details of the person discharging managerial responsibilities / person closely associated --- ------------------------------------------------------------------------------------ a) Name Paul Ratcliff --- ------------------------------- --------------------------------------------------- 6. Reason for the Notification --- ------------------------------------------------------------------------------------ a) Position/status Non-Executive Director --- ------------------------------- --------------------------------------------------- b) Initial notification/Amendment Initial notification --- ------------------------------- --------------------------------------------------- 7. Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor --- ------------------------------------------------------------------------------------ a) Name CyanConnode Holdings plc --- ------------------------------- --------------------------------------------------- b) LEI n/a --- ------------------------------- --------------------------------------------------- 8. 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 2.0p instrument, type of instrument And options over ordinary shares of 2.0p --- Identification GB00B0P66Q02 code --- ------------------------------- --------------------------------------------------- b) Nature of the Purchase of ordinary shares
transaction Grant of share options --- ------------------------------- --------------------------------------------------- c) Price(s) and volume(s) Purchase of Ordinary Shares Price(s) Volume(s) --------- ---------- 20.94p 71,633 --------- ---------- Grant of Options Price(s) Volume(s) --------- ---------- 42.0p 71,633 --------- ---------- --- ------------------------------- --------------------------------------------------- d) Aggregated information: * Aggregated volume See above * Price --- ------------------------------- --------------------------------------------------- e) Date of the transaction 11 December 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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December 12, 2017 02:00 ET (07:00 GMT)
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