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Last checked at 
24 May 2016 13:24
Cyan Holdings plc("Cyan" or the "Company")
Statement re. Press Speculation
The Board of Cyan Holdings plc notes recent press speculation and confirms that it is considering its financing options to raise approximately £12.5 million to be used for a potential acquisition and for working capital purposes (the "Potential Transaction"), although the terms of any potential placing have not yet been agreed.
The Potential Transaction, if it were to proceed, would be classified as a substantial transaction for the purposes of the AIM Rules for Companies.
A further announcement will be made in due course, as appropriate.
Enquiries:
Cyan Holdings plc | Tel: +44 (0) 1954 234 400 |
John Cronin, Executive Chairman | www.cyantechnology.com |
Cantor Fitzgerald Europe - Nominated Adviser and Broker Andrew Craig Richard Salmond | Tel: +44 (0) 207 894 7000 |
Beaufort Securities Limited - Joint Broker | Tel: +44 (0) 207 382 8300 |
Jon Belliss | |
Walbrook PR - Financial PR | Tel: +44(0) 20 7933 8780 |
Paul Cornelius Nick Rome | cyan@walbrookpr.com |
About Cyan
Cyan is an integrated system design company based in Cambridge, UK. It provides a communication platform that enables the measurement and control of energy consumption for the metering and lighting markets, helping to reduce energy losses. Cyan's wireless mesh networking platform offers 'last mile' connectivity between millions of devices and enterprise software, supporting bilateral communications with the end customer.
For more information, please visit www.cyantechnology.com.
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