Last checked at 2 Jul 2014 17:25
2 July 2014
Cyan Holdings plc
("Cyan" or the "Company")
Issue of options
Cyan Holdings plc (AIM:CYAN.L), the integrated system and software design company delivering mesh based flexible wireless solutions for utility metering and lighting control, announces that it has today granted Unapproved Options over a total of 34,512,626 new ordinary shares to Peter Mainz, Non-Executive Director, at an exercise price of 0.37 pence per share, being the closing market price on 1 July 2014, the day before the options were issued.
These Unapproved Options are exercisable for 100 per cent. of the issued amount from 1 July 2016 having a two year cliff vesting period. The options will lapse if unexercised after 10 years from the date of grant.
The Unapproved Options are the only share options currently held by Peter Mainz, and represent a total of 1.00 per cent. of the issued share capital at 30 June 2014 of 3,451,262,582 (the "current issued share capital").
Peter Mainz currently holds no ordinary shares in the Company.
Enquiries:
Cyan Holdings plc | www.cyantechnology.com |
John Cronin, Chairman
| Tel: +44 (0) 1954 234 400 |
Allenby Capital Limited NOMAD and Joint Broker | |
Jeremy Porter / Michael McNeilly
Hume Capital Securities plc Joint Broker Jon Belliss
| Tel: +44 (0) 20 3328 5656
Tel: +44 (0) 20 7101 7070 |
Walbrook PR Financial PR | |
Paul Cornelius | Tel: +44(0) 20 7933 8780 |