Last checked at 17 Feb 2017 15:45
CyanConnode Holdings plc
("CyanConnode" or the "Company")
Director Shareholdings
CyanConnode (AIM:CYAN.L), the world leader in narrowband radio mesh networks, announces that following the Company's announcement in its circular dated 14 June 2016 (the "Circular") in which it was set out that all Directors had agreed to receive shares in the Company at the placing price of 0.18 pence per Ordinary Share rather than receive all remuneration that became due during the period 1 July 2016 to 30 June 2017 in cash, it has today issued the following shares of 0.01 pence per share (the "Income Shares" as defined in the Circular) to the directors of the Company:
The issue of shares set out below is the final issue to be made to Directors pursuant to the announcement in the Circular dated 14th June 2016. No shares were issued to Non-Executive Directors - their final shares issued under this scheme were issued on 30 December 2016 as shown in the RNS dated the same day.
Director | Position | No. of shares issued | Previous shareholding | Total shareholding | Per cent. of issued share capital post issue
|
John Cronin | Executive Chairman | 38,888,888 | 347,201,775 | 386,090,662 | 2.43% |
Simon Smith | Chief Financial Officer | 13,001,194 | 197,632,487 | 210,633,681 | 1.33% |
Harry Berry | Non-Executive Director | - | 96,559,292 | 96,559,292 | 0.61% |
John Read | Non-Executive Director | - | 54,817,111 | 54,817,111 | 0.35% |
Paul Ratcliff | Non-Executive Director | - | 14,648,784 | 14,648,784 | 0.09% |
As a result of the issue of these 51,890,082 Income Shares and 30,701,373 shares issued earlier in February 2017, the Company now has 15,886,980,099 Ordinary Shares in issue. This figure of 15,886,980,099 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 and Transparency Rules.
Enquiries:
CyanConnode Holdings plc | |
John Cronin, Executive Chairman | Tel: +44 (0) 1223 225 060 |
Cantor Fitzgerald Europe NOMAD and Joint Broker | |
Andrew Craig / Richard Salmond
Beaufort Securities Limited Jon Belliss | Tel: +44 (0) 20 7894 7000
Tel: +44 (0) 20 7382 8300 |
Walbrook PR (Investor Relations) |
Tel: +44(0) 20 7933 8780 |
Paul Cornelius / Nick Rome | cyanconnode@walbrookpr.com |