CyanConnode Holdings PLC Director Share Options

RNS Number : 7064H

CyanConnode Holdings PLC

10 October 2024

 

10 October 2024

CyanConnode Holdings plc 

("CyanConnode" or the "Company") 

 

Director share options

CyanConnode Holdings plc (LSE: CYAN), a global leader in narrowband radio frequency (RF) smart mesh networks, announces that, further to its announcement on 26 September 2024 relating to the share purchase by John Cronin, Executive Chairman, on 10 October 2024 it awarded 315,689 share options at a vesting price of 9.5 pence per share under the existing CyanConnode Matching Share Plan (the "Plan"). Under the terms of the Plan options are granted to employees at the same price and volume as market share purchases.

Following this grant, Mr Cronin will hold options over 3,572,109 ordinary shares in the Company ("Shares"). In addition, he holds interests over 5,672,359 Shares under the Company's Joint Share Ownership Plan. In total, 1,230,367 options have been issued to Mr Cronin under the Plan.

 

-Ends-

 

 

Enquiries:

 

CyanConnode Holdings plc                                                                         Tel: [phone]

John Cronin, Executive Chairman                                                              www.cyanconnode.com

Strand Hanson Limited (Nominated and Financial Adviser)                 Tel: [phone]

James Harris / Richard Johnson / David Asquith

 

Zeus Capital Limited (Joint Broker)                                                         Tel: [phone]

Simon Johnson / Louisa Waddell

 

Panmure Liberum (Joint Broker)                                                              Tel: [phone]

Rupert Dearden / James Sinclair-Ford

 

 

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.

 

PDMR Notification Form

The notification below is made in accordance with the requirements of MAR.

1	Details of the persons discharging managerial responsibilities/person closely associated
a)	Names	John Cronin
2	Reason for the notification
a)	Positions/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 the financial instrument, type of instrument Identification code	Options over Ordinary Shares of 2.0p   Ordinary Shares - GB00BF93WP34
b)	Nature of the transaction	Purchase
c)	Price(s) and volume(s)	Exercise Price - 9.5 pence  Volumes - 315,689 Options
d)	Aggregated information	N/A - single transaction
e)	Date of the transaction	10 October 2024
f)	Place of the transaction	Outside a trading venue

 

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