Holding(s) in Company
March 13 2007 - 1:30PM
UK Regulatory
RNS Number:8950S
Cyan Holdings Plc
13 March 2007
Press Release 13 March 2007
Cyan Holdings Plc
("Cyan" or "the Company")
Holding(s) in Company
Cyan Holdings plc, the fabless semiconductor company specialising in the
development of low powered, configurable microcontroller chips, has been
notified today that pursuant to the purchase of 1,000,000 shares on 13 March
2007, Mr John Peter Lobbenberg has a direct or indirect interest in 9,200,000
shares representing approximately 10.806% of the issued share capital of the
Company.
Details of this shareholding and the basis of Mr Lobbenberg's interest in these
share is set out below:
* Mr Lobbenberg is the registered owner of 500,000 shares (representing
0.587% of the total issued share capital).
* Roldvasian Ltd ("RV") is the registered owner of 1,800,000 shares in the
Company (representing 2.114% of the total issued share capital). Roldvasian
Ltd is owned 50% by Mr Lobbenberg and 50% by Mr Lobbenberg's wife, Naomi
Lobbenberg. Both of them are directors of Roldvasian Ltd.
* Hans Lobbenberg Settlement ("HL Settlement") is the registered owner of
3,550,000 shares in the Company (representing 4.170% of the total issued
share capital of the company). The Hans Lobbenberg Settlement is a
discretionary trust of Mr Lobbenberg's family, Mr Lobbenberg is one of the
trustees.
* JPL Portfolio Management Ltd ("JPLPM") is the registered owner of 250,000
shares in the company (representing 0.294% of the total issued share
capital). JPL Portfolio Management Ltd is owned 90% by Mr Lobbenberg and 5%
by Naomi Lobbenberg.
* Mr Lobbenberg is the principal beneficiary of a self-invested pension plan
("SIPP") which, through its nominee Ferlim Nominees Ltd, is the beneficial
owner of 2,400,000 shares in the Company (representing 2.819% of the total
issued share capital). The trustees of the SIPP are Alliance Pension
Trustees Ltd.
* Mr Lobbenberg and Michael David Wood are the registered owners of 700,000
shares in the company (representing 0.822% of the total issued share
capital).
- Ends -
For further information:
Cyan Holdings plc
Andrew Lee, Finance Director Tel: +44 (0) 1954 234 400
www.cyantechnology.com
Collins Stewart Limited
Simon Atkinson, Corporate Finance Tel: +44 (0) 20 7523 8300
www.collins-stewart.com
Media enquiries:
Abchurch Communications
Heather Salmond/ Franziska Boehnke Tel: +44 (0) 20 7398 7700
franziska.boehnke@abchurch-group.com www.abchurch-group.com
Notes to Editors
Cyan Holdings plc is a fabless semiconductor company which specialises in the
design, sale and support of a range of 16-bit and 32-bit general-purpose low
power, high performance microcontroller chips ("MCUs"). These chips are
integral components used in nearly all electronic products, ranging from mobile
phones and washing machines to toys, televisions and motorcars. Consumer
entertainment markets require more powerful processors and are usually based on
32-bit chips which Cyan is developing to serve this market segment. Cyan
operates in a $14 billion worldwide market for microcontrollers, which is poised
to grow to $20 billion by 2010. Cyan has identified Europe and South East Asia
as the largest markets for its products, and as such aims to have 1% of the
microcontroller market within 5 years.
Originally Cyan was a spin out from Cambridge Consultants Limited to use its
16-bit core, the same core used in CSR's Bluetooth chips. Since Cyan was
founded in 2002, it has achieved 100 design wins for its initial eCOG1(R)k
product and is expanding the range of the patent-protected eCOG1(R) family and
introducing a new range of 32 bit microcontrollers.
Cyan has introduced design integration support software, CyanIDE(R), to support
the Company's entire range of current and future microcontrollers. The software
makes chip integration into customers' products vastly more simple, quick,
reliable and hence less expensive while dramatically reducing development time.
Cyan created CyanIDE(R) to avoid relying on standard tools from third party
suppliers.
The company is headquartered in Cambridge, UK and opened a sales and technical
support office in Hong Kong in May 2005 which services the Chinese market. Cyan
employs 40 people.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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