Last checked at 6 Nov 2018 09:40
CyanConnode Holdings plc ("CyanConnode" or the "Company")
Result of General Meeting
Result of Open Offer
and
Total Voting Rights
CyanConnode (AIM: CYAN), a world leader in narrowband radio frequency mesh networks, announces that at the Company's General Meeting held yesterday, all of the resolutions were duly passed.
Open Offer
The last time and date for receipt of completed application forms and payment in full under the Open Offer was 11.00 a.m. on 5 November 2018. The Company announces that at that time that it had received valid acceptances in respect of 3,372,083 Open Offer Shares from Qualifying Shareholders, including applications under the Excess Application Facility, with a value of approximately £0.3m. This represents approximately 65.6% of the 5,142,961 Open Offer Shares offered. As a consequence, the Company has conditionally raised £5.4 million (before expenses) in aggregate through the Placing, Subscription and Open Offer.
Application will be made for 15,972,083 Fundraising Shares to be admitted to trading on AIM now expected on on 7 November 2018 and application will also be made for 37,852,391 Fundraising Shares to be admitted to trading on AIM now expected on 8 November 2018.
Director Dealings
Following the Fundraising the Director's relevant holdings will be as follows:
| Number of Existing Ordinary Shares | Percentage of Existing Ordinary Share Capital | Shares acquired in the Fundraising inc. Open Offer | Resultant Holding | Percentage of Enlarged Share Capital |
Director |
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John Cronin | 2,413,467 | 1.88% | 1,000,000 | 3,413,467 | 1.87% |
Harry Berry | 624,219 | 0.49% | 200,000 | 824,219 | 0.45% |
Heather Peacock | 178,255 | 0.14% | 100,000 | 278,255 | 0.15% |
David Johns-Powell | 10,083,490 | 7.84% | 7,500,000 | 17,583,490 | 9.64% |
TOTAL | 13,629,425 | 10.60% | 8,800,000 | 22,429,425 | 12.29% |
Total Voting Rights
Following the Fundraise, the issued share capital of the Company will be 182,398,523. The total voting rights in the Company is now 182,398,523 with no Shares held in Treasury. The figure of 182,398,523 may be used by shareholders as the denominator for the calculations 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 FCA's Disclosure Guidance and Transparency Rules.
The results of the vote on the resolutions will shortly be available in the Investors section of the Company's website: https://cyanconnode.com/investors/
Unless otherwise defined, capitalised terms in this announcement shall have the same meanings as those defined in the Circular sent to shareholders on 19 October 2018.
Enquiries:
CyanConnode Holdings plc | Tel: +44 (0) 1223 225 060 |
John Cronin, Executive Chairman | www.cyanconnode.com |
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finnCap Ltd (Nomad and Broker) | Tel: +44 (0) 20 7220 0500 |
Ed Frisby/ Giles Rolls (Corporate Finance) Alice Lane (ECM) |
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Walbrook PR (Financial PR) Paul Cornelius / Nick Rome
| Tel: +44(0) 20 7933 8780 cyanconnode@walbrookpr.com |
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About CyanConnode
CyanConnode is a world leader in narrowband radio frequency (RF) mesh networks that facilitate machine to machine (M2M) communication. CyanConnode's innovative technology uses the industrial, scientific, and medical radio band, (ISM), which is optimised to give exceptional performance and competitive total cost of ownership. Through global partnerships, CyanConnode provides customers with a solution for the rapid deployment of local or countrywide ISM RF mesh networks that provide reliable and secure M2M communication.
For more information, please visit www.cyanconnode.com
1. | Details of the person discharging managerial responsibilities / person closely associated | |||||
a) | Name | John Cronin | ||||
2. | Reason for the Notification | |||||
a) | Position/status | PDMR - Executive Chairman | ||||
b) | Initial notification/Amendment |
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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 | Ordinary shares of 2p | ||||
Identification code | GB00BF93WP34 | |||||
b) | Nature of the transaction | Purchase of Ordinary Shares | ||||
c) | Price(s) and volume(s) |
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d) | Aggregated information: · Aggregated volume · Price |
N/A, single transaction as per 4c above | ||||
e) | Date of the transaction | 8 November 2018 | ||||
f) | Place of the transaction | London Stock Exchange, AIM Market (XLON) | ||||
1. | Details of the person discharging managerial responsibilities / person closely associated | |||||
a) | Name | Harry Berry | ||||
2. | Reason for the Notification | |||||
a) | Position/status | PDMR - Chief Operating Officer | ||||
b) | Initial notification/Amendment |
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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 | Ordinary shares of 2p | ||||
Identification code | GB00BF93WP34 | |||||
b) | Nature of the transaction | Purchase of Ordinary Shares | ||||
c) | Price(s) and volume(s) |
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d) | Aggregated information: · Aggregated volume · Price |
N/A, single transaction as per 4c above | ||||
e) | Date of the transaction | 8 November 2018 | ||||
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 | PDMR - Group Finance Director | ||||
b) | Initial notification/Amendment |
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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 | Ordinary shares of 2p | ||||
Identification code | GB00BF93WP34 | |||||
b) | Nature of the transaction | Purchase of Ordinary Shares | ||||
c) | Price(s) and volume(s) |
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d) | Aggregated information: · Aggregated volume · Price |
N/A, single transaction as per 4c above | ||||
e) | Date of the transaction | 8 November 2018 | ||||
f) | Place of the transaction | London Stock Exchange, AIM Market (XLON) | ||||
1. | Details of the person discharging managerial responsibilities / person closely associated | |||||
a) | Name | David Johns-Powell | ||||
2. | Reason for the Notification | |||||
a) | Position/status | PDMR - Non-Executive Director | ||||
b) | Initial notification/Amendment |
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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 | Ordinary shares of 2p | ||||
Identification code | GB00BF93WP34 | |||||
b) | Nature of the transaction | Purchase of Ordinary Shares | ||||
c) | Price(s) and volume(s) |
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d) | Aggregated information: · Aggregated volume · Price |
N/A, single transaction as per 4c above | ||||
e) | Date of the transaction | 7 November 2018 | ||||
f) | Place of the transaction | London Stock Exchange, AIM Market (XLON) | ||||