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13 Jan 2017 07:00
CyanConnode Holdings plc
Block listing update
Further to the announcement on 12 July 2016, CyanConnode Holdings plc (the "Company") provides an update on its block listing arrangements for the period from 12 July 2016 to 11 January 2017.
Name: | CyanConnode Holdings plc |
Name of scheme: | Share-based payment agreements |
Period of return: | From 12 July 2016 to 11 January 2017 |
Balance of unallotted securities under scheme(s) from previous return: |
425,628,553 |
Plus: The amount by which the block scheme(s) has been increased since the date of the last Review (if any increase has been applied for): | 100,000,000 |
Less: Number of securities issued/allotted under scheme(s) during period |
442,589,062 |
Equals: Balance under scheme(s) not yet issued/allotted at end of period: | 83,039,491 |
Number and class of securities originally admitted: | 10,000,000 ordinary shares of 0.01p each (16/09/2010) 10,000,000 ordinary shares of 0.01p each (01/10/2010) 10,000,000 ordinary shares of 0.01p each (06/07/2011) 10,000,000 ordinary shares of 0.01p each (01/02/2012) 10,000,000 ordinary shares of 0.01p each (13/04/2012) 10,000,000 ordinary shares of 0.01p each (20/07/2012) 30,000,000 ordinary shares of 0.01p each (01/08/2013) 30,000,000 ordinary shares of 0.01p each (15/01/2014) 30,000,000 ordinary shares of 0.01p each (26/06/2014) 30,000,000 ordinary shares of 0.01p each (02/09/2015) 100,000,000 ordinary shares of 0.01p each (14/12/2015) 405,502,333 ordinary shares of 0.01p each (01/07/2016) 100,000,000 ordinary shares of 0.01p each (25/08/2016) |
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In addition, CyanConnode announces that application has been made for admission to trading on AIM in respect of a further block listing of 100,000,000 ordinary shares of 0.01p each to become effective on 19 January 2017 (the "Block Listing Shares"). The Block Listing Shares may be used to settle cash sums due by the Company for suppliers and professional advisers. They may also be used for the payment of employee salaries. Such shares will be issued out of the Block Listing Shares on the first day of each month at the closing mid-market price of the Company's ordinary shares on the last trading day of the previous month. The Block Listing Shares admitted on 1 July 2016 will be used to issue shares to directors and certain employees as described in the circular announced to shareholders on 14 June 2016, at the placing price of 0.18 pence per ordinary share.
On issue, the block listing shares will be issued credited as fully paid and will rank pari passu with the existing ordinary shares in issue.
The Company now has 15,804,388,644 ordinary shares of 0.01p each in issue. The figure of 15,804,388,644 may be used by shareholders as the denominator by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company under the Disclosure Guidance and Transparency Rules.
Enquiries:
Cyan Holdings plc | www.cyantechnology.com |
John Cronin, Executive Chairman
| Tel: +44 (0) 1223 225060 |
Cantor Fitzgerald Europe (Nomad and Broker) |
|
Andrew Craig / Richard Salmond
Beaufort Securities Limited (Broker) Jon Belliss
| Tel: +44 (0) 20 7894 7000
Tel: +44 (0) 20 7382 8300 |
Walbrook PR (Investor Relations) |
cyan@walbrookpr.com |
Paul Cornelius / Nick Rome | Tel: +44(0) 20 7933 8780 |
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