Last checked at 16 Jan 2013 07:00
Cyan Holdings plc
("Cyan" or the "Company")
Director Shareholdings
Further to the Company's circular dated 1 September 2010, setting out details of a Directors' Share Purchase Scheme the Company confirms that all of its directors have agreed to revert to receiving shares in lieu of fees from January 2013 until March 2013. This arrangement will apply to 100% of each director's fees.
As before, the newly issued shares will be issued on the 1st day of each month, with the number being determined by the closing mid-market share price of the Ordinary shares on the trading day immediately prior to the issue of the Ordinary Shares. The first issue will therefore be made on 1 February 2013, relating to fees for January 2013. These shares will be issued out of block listings admitted to AIM up to July 2012.
Below is an interim review for the block listing.
Name: |
Cyan Holdings plc | |
Name of Scheme: | Share-based payment agreements | |
Period of Return: | From 21 July 2012 to 11 January 2013 | |
Balance of unalloted securities under scheme(s) from previous return: |
11,743,719 | |
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): | - | |
Less: Number of securities issued/allotted under scheme(s) during period | 3,461,538 | |
Equals: Balance under scheme(s) not yet issued/allotted at end of period: | 8,282,041 | |
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)
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These shares are used mainly to enable directors to purchase newly issued ordinary shares in the Company on a monthly basis on the first day of each month as described above. The number of Block Listing Shares that have been issued each month has been determined by the closing mid-market share price of ordinary shares in the Company on the trading day immediately prior to the issue of the Block Listing Shares. The Block Listing Shares may also be used as part of a matching share incentive to Directors, to settle cash sums due by the Company for other purposes, and for the exercise of options by staff. 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 also confirms that it currently has 2,326,805,503 ordinary shares of 0.01p each in issue.
Enquiries:
Cyan Holdings plc | www.cyantechnology.com |
John Cronin, Exec Chairman
| Tel: +44 (0) 1954 234 400 |
Cenkos Securities plc NOMAD and Joint Broker | Tel: +44 (0) 20 7397 8900
|
Stephen Keys / Adrian Hargrave
XCAP Securities plc Joint Broker Jon Belliss
|
Tel: +44 (0) 20 7101 7070 |
Walbrook PR Financial PR | Tel: +44(0) 20 7933 8780 |
Bob Huxford / Paul Cornelius |