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