RNS Number : 4927U
  Cyan Holdings Plc
  15 May 2008
   

    

 Press Release  15 May 2008 

    Cyan Holdings Plc

    ('Cyan' or 'the Company')

    Directors' Shareholdings

    Cyan (AIM: CYAN.L), a fabless semiconductor company providing configurable application software and production ready modules based on
feature rich, low power, microcontroller chips announces that, under the terms of the Company's Employee Benefit Trust ('EBT') and as
previously detailed in the placing circular issued on 31st July 2007, the following directors of the Company were awarded an option or
interest in the ordinary shares of 0.2p each ('Ordinary Shares') of the Company on terms such that the interest will entitle the holders to
the value of such Ordinary Shares above 22p per Ordinary Share. Fifty per cent. of the interest is capable of vesting absolutely in whole or
in part on or after 11 April 2008, the first anniversary of Mr Lamb's appointment as a director and the remaining fifty per cent. on or
after 11 April 2009, the second anniversary.

  Director   Interest in Ordinary  Percentage of enlarged issued share capital
                Shares awarded
 Kenn Lamb        8,200,000                           5.47%
 Andrew Lee       1,000,000                           0.67%
 John Read        1,000,000                           0.67%

    Application has been made for the 10,200,000 new Ordinary Shares to be admitted to trading on the Alternative Investment Market ("AIM")
of London Stock Exchange plc. Admission of the new Ordinary Shares is expected to become effective on Tuesday 20th May 2008.

    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 149,826,314 ordinary shares of 0.2p each, with one voting right per share.

    -Ends-
    For further information:
 Cyan Holdings plc
 Kenn Lamb, CEO                      Tel: +44 (0) 1954 234 400
 Andrew Lee, Finance Director
                                        www.cyantechnology.com

 Collins Stewart Europe Limited
 Nick Ellis / Oliver Quarmby         Tel: +44 (0) 20 7523 8350
 Corporate Finance
                                        www.collinsstewart.com

 Abchurch Communications
 Heather Salmond/ Jack Ballantyne    Tel: +44 (0) 20 7398 7714
 jack.ballantyne@abchurch-group.com    www.abchurch-group.com 

    Notes to Editors
    Based in Cambridge in the UK, Cyan Holdings plc is a fabless semiconductor company specializing in the development of applications
solutions collectively known as "Cy SolvedTM" which are built upon the company's low powered, configurable eCOG1k and eCOG1x 
microcontroller chips.

    Cy-Solved incorporates ready to go solutions, software stacks, applications examples, modular software based on easy to use APIs,
evaluation boards and production hardware modules from partners, all pulled together through Cyan's free integrated development environment
CyanIDETM. Cy-Solved can be incorporated as-is into an application but also supports an ability to be easily customised - either way, giving
users a head start on the road to market. Currently available Cy-Solved applications include RF-Solved, USB-Solved, Ethernet-Solved and
Motor Control-Solved.

    The Company was founded in 2002 and listed on AIM in 2005. Cyan Holdings plc operates through the brand 'Cyan'.

    Website: http://www.cyantechnology.com

This information is provided by RNS
The company news service from the London Stock Exchange
 
  END 
 
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