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30 Jan 2012 17:25
Cyan Holdings plc
Directors' Share Purchase Scheme
Further to the Companies circular dated 1 September 2010, in the interests of retaining cash within the Company, Simon Smith has agreed to join the Company's Directors' Share Purchase Scheme whereby he will use a proportion of his income to purchase newly issued shares on a monthly basis. The amount agreed on will be £1,041.67 per month which represents 25% of his gross pay.
This purchase will take place on the 1st day of each month, with the number of shares purchased 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.
Total Voting Rights and Block Listing Information
Further to the Company's circular dated 1 September 2010 and the announcements referring to the block listings on 28 October 2010 and 6 July 2011, and the issue of ordinary shares of 0.01p each in the Company since that time, the Company confirms that it has 1,613,621,471 ordinary shares of 0.01p each in issue. Below is an interim review for the block listings.
Name: | Cyan Holdings plc |
Name of Scheme: | Share-based payment agreements |
Period of Return: | From 1 July 2011 to 31 December 2011 |
Balance of unalloted securities under scheme(s) from previous return: |
1,000,031 |
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): | 10,000,000 |
Less: Number of securities issued/allotted under scheme(s) during period | 7,199,712 |
Equals: Balance under scheme(s) not yet issued/allotted at end of period: | 3,800,319 |
Number and class of securities originally admitted: | 30,000,000 ordinary shares of 0.01p each |
Date of original admissions: | 1 October 2010; 6 July 2011 |
In addition, the Company announces that application will shortly be made for admission to trading on AIM in respect of an additional block listing of 10,000,000 ordinary shares of 0.01p each, raising the total of potential block listing shares to 40,000,000. These shares will be used to enable the directors to purchase newly issued ordinary shares in the Company on a monthly basis on the first day of each month. As described in the first part of this announcement , the number of Block Listing Shares to be issued each month will be 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 shares. These Block Listing Shares may also be used to settle cash sums due by the Company for other corporate 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.
Cyan Holdings plc
Tel: +44 (0) 1954 234 400
John Read, Exec Chairman
www.cyantechnology.com
Cenkos Securities plc
Tel: +44 (0)20 7397 8900
NOMAD and Joint Broker
Stephen Keys / Adrian Hargrave
XCAP Securities plc
Tel: +44 (0)20 7101 7070
Joint Broker
John Belliss
Newgate Threadneedle
Tel: +44 (0)20 7653 9842
Financial PR
Adam Reynolds /Guy McDougall
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