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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 | 49,826 | 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 : 4297J
CyanConnode Holdings PLC
27 April 2022
27 April 2022
CyanConnode Holdings plc
(the "Company")
Appointment of Joint Broker and Change of Nominated Adviser
CyanConnode Holdings plc (AIM:CYAN.L), a world leader in Narrowband Radio Frequency (RF) Smart Mesh Networks, is pleased to announce that it has appointed Cenkos Securities plc ("Cenkos") as joint broker with immediate effect.
In addition, further to the announcements by Arden Partners Plc on 11 and 14 April 2022 regarding the loss of its nominated adviser status upon the completion of its recommended takeover, the Company has also appointed Cenkos as its nominated adviser. Given the timing of the completion of the recommended takeover of Arden Partners Plc, the Exchange has agreed that subject to initial due diligence being undertaken, Cenkos has until 5pm on 27 July 2022 to complete its full due diligence.
There can be no guarantee on the outcome of the full due diligence and its impact on Cenkos' decision to continue to act as nominated adviser. Accordingly, in such circumstances there is a risk that if Cenkos does not continue to act as nominated adviser following completion of its full due diligence and the Company has not found an alternative nominated adviser, the Company's AIM securities may be suspended pursuant to AIM Rule 1. If within one month of that suspension, the Company has failed to appoint a replacement nominated adviser, the admission of its AIM securities will be cancelled.
Notwithstanding the extension of time provided in respect of completing full due diligence obligations at engagement, Cenkos will continue to be subject to all the ongoing nominated adviser responsibilities under the AIM Rules for Nominated Advisers.
For further information, please contact:
CyanConnode Holdings plc Tel: +44 (0) 1223 John Cronin, Executive Chairman 225 060 www.cyanconnode.com Cenkos Securities plc - Nominated Tel: +44 (0) 207 397 Adviser and Joint Broker 8900 Stephen Keys/ Charlie Combe Arden Partners plc - Joint Broker Tel: +44 (0) 20 7614 Simon Johnson 5900
About CyanConnode
CyanConnode (AIM:CYAN.L), is a world leader in Narrowband Radio Frequency (RF) Smart Mesh Networks, which are used for machine to machine (M2M) communication. As well as being self-forming and self-healing, CyanConnode's RF Smart Mesh Networks are designed for rapid deployment, whilst giving exceptional performance and competitive total cost of ownership.
In June 2018, CyanConnode launched its award-winning Omnimesh Advanced Metering Infrastructure (AMI) platform, which has already gained considerable commercial traction, especially in India which is a key market for the Company.
Through a Global partner eco-system, which is vendor agnostic, CyanConnode has several routes to market, therefore it is well positioned to capitalise upon increasing Global demand for smart metering solutions.
For more information, please visit www.cyanconnode.com
This announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) 596/2014 as it forms part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018 ("MAR"), and is disclosed in accordance with the company's obligations under Article 17 of MAR.
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(END) Dow Jones Newswires
April 27, 2022 02:01 ET (06:01 GMT)
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