Last checked at 8 Sep 2020 08:33
This announcement replaces the announcement RNS number 2797Y made on 8 September at 07:00hrs for the Director Share Purchases. See revised director holding for Chris Jones in first table, updated figures for Peter Tyler and an inserted options table.
8 September 2020
CyanConnode Holdings plc
("CyanConnode" or the "Company")
Director Share Purchases
CyanConnode Holdings plc (AIM: CYAN), a world leader in Narrowband Radio Frequency (RF) Smart Mesh Networks, announces that four directors have purchased ordinary shares of 2.0p in the Company ("Ordinary Shares"), as follows.
Director | Shares purchased | Price paid per share (p) | Amount invested | Previous shareholding | New shareholding | % in Company | Total investment in Company |
David Johns-Powell | 250,000 | 5.443 | 13,608 | 17,583,490 | 17,833,490 | 9.73% | 3,772,204 |
Peter Tyler | 40,000 | 5.4 | 2,160 | 2,449,004 | 2,489,004 | 1.36% | 669,565 |
Heather Peacock | 90,909 | 5.5 | 5,000 | 278,255 | 369,164 | 0.20% | 80,052 |
Chris Jones | 57,556 | 5.19 | 2,987 | - | 57,556 | 0.03% | 2,987 |
Furthermore, pursuant to the CyanConnode Matching Share Plan (the "Plan"), the Company will now grant the following number of options over Ordinary Shares to each director.
Director | Shares purchased | Options granted | Exercise price (p) | Total options held | Options held as Matching Options |
David Johns-Powell | 250,000 | 250,000 | 10 | 250,000 | 250,000 |
Peter Tyler | 40,000 | 40,000 | 10 | 40,000 | 40,000 |
Heather Peacock | 90,909 | 90,909 | 10 | 1,480,555 | 115,909 |
Chris Jones | 57,556 | 57,556 | 10 | 57,556 | 57,556 |
Under the terms of this Plan the options would have been granted at the same price at which the shares were purchased, however all directors have agreed to having these options issued with an exercise price of 10.0 pence per Ordinary Share. The higher strike price means that the options will have no value whatsoever until the share price increases significantly and will only have significant value if the share price increases by a large multiple from that today.
The information communicated in this announcement is inside information for the purposes of Article 7 of Regulation 596/2014.
Enquiries:
CyanConnode Holdings plc | Tel: +44 (0) 1223 225 060 |
John Cronin, Executive Chairman
| www.cyanconnode.com |
Arden Partners plc (Nomad and Broker) Paul Shackleton/Dan Gee-Summons (Corporate Finance) Simon Johnson (Corporate Broking) | Tel: +44 (0) 20 7614 5900
|
Yellow Jersey PR (Financial PR) |
Tel: +44(0) 20 3004 9512 |
Sarah Hollins / Annabel Atkins | cyanconnode@yellowjerseypr.com |
|
|
Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them
1. | Details of the person discharging managerial responsibilities / person closely associated | |||||||||
a) | Name | David Johns-Powell | ||||||||
2. | Reason for the Notification | |||||||||
a) | Position/status | Non-executive director | ||||||||
b) | Initial notification/Amendment |
| ||||||||
3. | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||||||
a) | Name | CyanConnode Holdings plc | ||||||||
b) | LEI | 213800MDLW3GKKW5TT58 | ||||||||
4. | Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted | |||||||||
a) | Description of the Financial instrument, type of instrument |
| ||||||||
Identification code | GB00B0P66Q02 | |||||||||
b) | Nature of the transaction |
| ||||||||
c) | Price(s) and volume(s) |
Purchase of Ordinary Shares
Grant of Options
| ||||||||
d) | Aggregated information: · Aggregated volume · Price |
See above | ||||||||
e) | Date of the transaction | 7 September 2020 | ||||||||
f) | Place of the transaction | London Stock Exchange, AIM Market (XLON) | ||||||||
1. | Details of the person discharging managerial responsibilities / person closely associated | |||||||||
a) | Name | Heather Peacock | ||||||||
2. | Reason for the Notification | |||||||||
a) | Position/status | CFO | ||||||||
b) | Initial notification/Amendment |
| ||||||||
3. | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||||||
a) | Name | CyanConnode Holdings plc | ||||||||
b) | LEI | 213800MDLW3GKKW5TT58 | ||||||||
4. | Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted | |||||||||
a) | Description of the Financial instrument, type of instrument |
| ||||||||
Identification code | GB00B0P66Q02 | |||||||||
b) | Nature of the transaction |
| ||||||||
c) | Price(s) and volume(s) |
Purchase of Ordinary Shares
Grant of Options
| ||||||||
d) | Aggregated information: · Aggregated volume · Price |
See above | ||||||||
e) | Date of the transaction | 7 September 2020 | ||||||||
f) | Place of the transaction | London Stock Exchange, AIM Market (XLON) | ||||||||
1. | Details of the person discharging managerial responsibilities / person closely associated | |||||||||
a) | Name | Peter Tyler | ||||||||
2. | Reason for the Notification | |||||||||
a) | Position/status | Non-executive director | ||||||||
b) | Initial notification/Amendment |
| ||||||||
3. | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||||||
a) | Name | CyanConnode Holdings plc | ||||||||
b) | LEI | 213800MDLW3GKKW5TT58 | ||||||||
4. | Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted | |||||||||
a) | Description of the Financial instrument, type of instrument |
| ||||||||
Identification code | GB00B0P66Q02 | |||||||||
b) | Nature of the transaction |
| ||||||||
c) | Price(s) and volume(s) |
Purchase of Ordinary Shares
Grant of Options
| ||||||||
d) | Aggregated information: · Aggregated volume · Price |
See above | ||||||||
e) | Date of the transaction | 7 September 2020 | ||||||||
f) | Place of the transaction | London Stock Exchange, AIM Market (XLON) | ||||||||
5. | Details of the person discharging managerial responsibilities / person closely associated | |||||||||
a) | Name | Chris Jones | ||||||||
6. | Reason for the Notification | |||||||||
a) | Position/status | Non-executive director | ||||||||
b) | Initial notification/Amendment |
| ||||||||
7. | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||||||
a) | Name | CyanConnode Holdings plc | ||||||||
b) | LEI | 213800MDLW3GKKW5TT58 | ||||||||
8. | Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted | |||||||||
a) | Description of the Financial instrument, type of instrument |
| ||||||||
Identification code | GB00B0P66Q02 | |||||||||
b) | Nature of the transaction |
| ||||||||
c) | Price(s) and volume(s) |
Purchase of Ordinary Shares
Grant of Options
| ||||||||
d) | Aggregated information: · Aggregated volume · Price |
See above | ||||||||
e) | Date of the transaction | 7 September 2020 | ||||||||
f) | Place of the transaction | London Stock Exchange, AIM Market (XLON) | ||||||||