Last checked at 24 Jan 2012 07:00
24 January 2012
Cyan Holdings plc
("Cyan" or "the Company")
Directorate Change
Cyan Holdings Plc (AIM:CYAN.L), the integrated system design company delivering mesh based flexible wireless solutions for lighting control, utility metering and industrial telemetry announces that following the resignation of Kenn Lamb, John Read, the current Non- Executive Chairman will become Executive Chairman.
This is an interim measure and the Board of Directors will provide an update on the Company's ongoing board composition at the appropriate time.
John Read, Executive Chairman of Cyan commented:
"We thank Kenn for his dedicated effort over the last eight years and we are extremely proud of what he has achieved in turning the business into one of the leading integrated system design companies.
"We are looking forward to the future and further developing the business as we are now beginning to see substantial traction from all of the effort that Kenn and the team have put in.
"The balance sheet has been strengthened considerably from the proceeds of the recent placing and I look forward to the future growth of the business."
Enquiries:
Cyan Holdings plc John Read, Chairman www.cyantechnology.com | Tel: +44 (0) 1954 234 400 |
Cenkos Securities plc NOMAD and Joint Broker Stephen Keys / Adrian Hargrave
XCAP Securities plc Joint Broker Jon Belliss / Adrian Kirk | Tel: +44 (0)20 7397 8900
Tel: +44 (0)20 7101 7070 |
Newgate Threadneedle Financial PR Adam Reynolds / Guy McDougall/ Caroline Evans- Jones | Tel: +44 (0)20 7653 9842 |