Exercise of options
October 10 2007 - 10:54AM
UK Regulatory
RNS Number:4959F
Cyan Holdings Plc
10 October 2007
Press Release 10 October 2007
Cyan Holdings plc
("Cyan" or the "Company")
Exercise of options by former Chairman
Cyan Holdings plc, the fabless semiconductor company specialising in the
development of low power consumption, configurable microcontroller chips,
announces that on 10 October 2007, 400,000 new ordinary shares in the Company ("
New Ordinary Shares") have been issued and allotted following the exercise of
options granted to Professor Michael Hughes, former non-executive Chairman of
the Company, at an exercise price of 0.2p per share (the "Options").
Following this exercise of Options, Mr. Hughes will hold 740,909 ordinary shares
in the Company, representing 0.53% of the enlarged issued share capital.
Application has been made for the New Ordinary Shares to be admitted to trading
on AIM, which is expected to occur on 16 October 2007.
Following the issue of the New Ordinary Shares, the Company's total issued share
capital with voting rights and which is admitted to trading on AIM will consist
of 139,626,314 ordinary shares of 0.2p each, with one voting right per share.
- Ends -
For further information:
Cyan Holdings plc
Andrew Lee - Finance Director Tel: +44 (0) 1954 234 400
www.cyantechnology.com
Collins Stewart Europe Limited
Chris Howard/Oliver Quarmby Tel: +44 (0) 20 7523 8350
Corporate Finance
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
This information is provided by RNS
The company news service from the London Stock Exchange
END
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