Member Info for sandgrounded

I would expect to see some movement on the sp, by Monday. One way or the other.

It was suggested there was some insider trading before the unsolicited offer rns, so expect some again before any decisions, good or bad are released next week.

Bid not forthcoming - down.

Bid rejected - down.

Further extension to Takeover Code - up.

Increased offer - up. ( whether accepted or rejected by management)

If Esyasoft decide to walk away next week, I hope that the BOD at Cyan, will make a statement about the company’s future prospects and not leave an empty void for speculation to develop.

Completely thinking outside of the box, but what if Esyasoft weren’t happy about the way JC was runnng the company. With no shares, to their name, how could they force him out?

Hi ITT.

This is the screenshot from 29/12/25. It shows Trezise as well as Hersld and Crux.

The latest web page as at 9/2/26 shows Heraldand Crux missing from the 3% and above holders.

No TR1’s, no sales in that period were close to 32 million so where have those shares gone?

Screenshot ……

As at 29 December 2025, insofar as the Company is aware, shareholders holding more than 3% of the share capital of CyanConnode Holdings ple were:

Axia Investments Limited: 46,707,039 | 13.009%

Premier Miton Group plc: 34,209,118 | 9.528%

Herald Investment Management Limited: 17,133,957 |

4.772%

William David Johns-Powell: 19,621,561 | 5.465%

S Chari: 19,243,144 | 5.36%

MJ Trezise: 18,000,000 | 5.013%

Crux Asset Management Limited: 14,588,755 | 4.063%

Herald Investment and Crux asset Management Had approximately 32 million shares as at 29/12/25. They have not declared anything above 1% by close of play.

Where have all those shares gone?

See ITT. They are not going to say anything unless they have to! 😂😂

Nathan Tyler and family 5.51%.

Where was the TR1?

Do you want the company to respond to an unsolicited unconfirmed bid of 9.7p or respond to a possible improved and definite offer.

We don’t need to jump the gun. Let Esyasoft start things rolling.

Would you give information unnecessarily to someone who is trying to steal your company?

Why give them any of your counter arguments before you know what their official bid price is?

The £20 million would pay off the loans obviously.

The company could do a share issue at 10p a share. 200 million shares would make £20 million. With the provision that JC and Heather retire and we find others to run the business at a profit.

Thanks inthetin. Will be interesting to see what Herald and Crux report tomorrow.

Does anyone know who this Albert Sharp is? I might be getting 2 + 2:wrong here, but I mentioned a few days ago that if Herald and Crux sold enough shares to go under the 3% holdings in the company, they would have to sell just under 10.5 million. Mr Sharp is also just under the 3% limit.

Director J Cronin likewise 7390092 (2.058%)

Apologies I have omitted William Johns Powell who is yet to declare a holding over 1%. He has 19621561 shares (5.465%}. However as a director of the company, I would think he will declare as late as possible so as to not show his hand in the takeover situation.

This is everyone who has submitted form 8.3 to the Takeover Code.

Esyasoft hs declared no holdings to date but has loans totalling $20 million in respect of the company.

It is interesting that Herald Investment and Crux assaet Management have not made any declarations so far, yet had 17,133957 shares (6.15%) and 14987556 shares (5.56%) respectively as at 29th December 2025, yet haven’t declared over 3% holdings by 9th February 2026. ( as per Cyans website)

Test to see if they are formatted correctly.

Shareholder Shares held % of company

Doxa/ Axia 49519659 13.79

Premier Milton 22074181 6.15

Michael Trezise. 20500000 5.71

S Chari 16106783 4.49

Paul Gough 14987556 4.17

Albert Sharp 10239767 2.85

Paul Chell & family 5716516 1.59

David Wall 3811683 1.06

Esyasoft 0 0

Totals 142956145 39.81

Vascular,

It’s possible the 31.5 million shares have been sold or offered to Esyasoft, but there is no way of Knowing.

All I can say is that Herald Investment has sold at least 6.5 million shares to go under the 3% limit and Crux Asset has sold at least 4 million shares for the same reason.

If they have sold to the same person then that person could fall just under the 3% holding.

Very convenient for all concerned?

As I said earlier, we may know more by 3.30 pm on Tuesday.

Gizmo, your post at 17.43…….” vascular they both still hold until they inform they don't ....I'll add my maybe 🤣”

I’m sure Cyan would have kept the two investors details on the website if they weren’t aware. Things going on in the background?

Vascular, I agree that both investors should have notified the markets when they went through the 4% and 3% holdings in the company. It seems you can get away with anything these days