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CYAN Cyanconnode Holdings Plc

9.00
0.00 (0.00%)
28 Mar 2024 - Closed
Delayed by 15 minutes
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% 9.00 8.80 9.20 9.00 9.00 9.00 361,035 08:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Electronic Components, Nec 11.73M -2.41M -0.0074 -12.16 29.13M

CyanConnode Holdings PLC Director/PDMR Shareholding (1498Z)

13/12/2017 7:00am

UK Regulatory


Cyanconnode (LSE:CYAN)
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TIDMCYAN

RNS Number : 1498Z

CyanConnode Holdings PLC

13 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 John Cronin, Executive Chairman, has purchased 65,514 ordinary shares of 2.0p in the Company ("Ordinary Shares"), at a price of 22.875 pence per share and Simon Smith (Non-Executive Director) has purchased 65,245 Ordinary Shares at a price of 22.99 pence per share.

This brings John Cronin's interest in the Company's current issued share capital to 2,213,467 Ordinary Shares, being approximately 1.73% of the current issued share capital. The total amount invested to date in the Company by Mr Cronin is GBP856k. This brings Simon Smith's interest in the Company's current issued share capital to 1,185,080 Ordinary Shares, being approximately 0.93% of the current issued share capital. The total invested to date in the Company by Mr Smith is GBP540k.

John Cronin commented: "The CyanConnode order book has grown very significantly this year to $100 million through new contract wins in multiple territories. With several of these contracts now in, or about to enter, the delivery phase, we are in the strongest position in the Company's history. I am pleased to further invest again to add to the substantial share purchases I have made since my appointment."

Simon Smith commented: "Having completed a GBP8.6M fund raise only three months ago and with customer payments on existing contracts now starting to flow, I was surprised to see the share price fall last week. I decided to again demonstrate my support to the Company, and our commitment to deliver a strong result for all shareholders, by purchasing more CyanConnode shares in the market."

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 65,245 Ordinary Shares to Simon Smith. Under the terms of this Plan the options would have been granted at the same price at which the shares were purchased, however Mr Smith has agreed to having these options issued at a price twice that of the purchase price of the shares. The exercise price will therefore be 46.0 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. Mr Cronin will not receive any options under the Plan as the Plan has an annual limit of GBP50,000 and Mr Cronin reached this limit when he purchased GBP50,000 of shares in the market in June 2017.

Following this grant, Simon Smith will hold options over 661,549 Ordinary Shares, of which 264,187 options have been issued under the Plan. In addition, he holds interests over 969,795 Ordinary Shares under the Company's Joint Share Ownership 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                             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                              213800MDLW3GKKW5TT58 
---  -------------------------------  --------------------------------------------------- 
 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 
       of instrument 
--- 
      Identification                   GB00B0P66Q02 
       code 
---  -------------------------------  --------------------------------------------------- 
 b)   Nature of the                      Purchase of ordinary shares 
       transaction 
---  -------------------------------  --------------------------------------------------- 
 c)   Price(s) and 
       volume(s)                         Purchase of Ordinary Shares Price(s)   Volume(s) 
                                         ---------  ---------- 
                                          22.90p     65,514 
                                         ---------  ---------- 
---  -------------------------------  --------------------------------------------------- 
 d)   Aggregated information: 
        *    Aggregated volume           See above 
 
 
        *    Price 
---  -------------------------------  --------------------------------------------------- 
 e)   Date of the transaction          12 December 2017 
---  -------------------------------  --------------------------------------------------- 
 f)   Place of the                     London Stock Exchange, AIM 
       transaction                      Market (XLON) 
---  -------------------------------  --------------------------------------------------- 
 
 
 1.   Details of the person discharging managerial 
       responsibilities / person closely associated 
---  ------------------------------------------------------------------------------------ 
 a)   Name                             Simon Smith 
---  -------------------------------  --------------------------------------------------- 
 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                              213800MDLW3GKKW5TT58 
---  -------------------------------  --------------------------------------------------- 
 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 
       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) 
                                         ---------  ---------- 
                                          22.99p     65,245 
                                         ---------  ---------- 
 
 
                                         Grant of Options Exercise Price(s)   Volume(s) 
                                         ------------------  ---------- 
                                          46.0p               65,245 
                                         ------------------  ---------- 
---  -------------------------------  --------------------------------------------------- 
 d)   Aggregated information: 
        *    Aggregated volume           See above 
 
 
        *    Price 
---  -------------------------------  --------------------------------------------------- 
 e)   Date of the transaction          12 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

DSHBRBDDSSBBGRD

(END) Dow Jones Newswires

December 13, 2017 02:00 ET (07:00 GMT)

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