Result of EGM
September 16 2010 - 11:00AM
UK Regulatory
TIDMCYAN
RNS Number : 8416S
Cyan Holdings Plc
16 September 2010
Cyan Holdings plc
("Cyan" or the "Company")
Result of General Meeting
The Board of Cyan is pleased to announce that at the Company's General Meeting
held earlier today all of the resolutions were duly passed, including the
approval of the placing of 257,333,333 new ordinary shares of 0.2 pence each at
0.75 pence per share to raise approximately GBP1.8 million after expenses (the
"Placing").
Full details of the Placing were set out in a circular sent to shareholders on 1
September 2010 (the "Circular"). Application has been made for a total of
257,333,333 new ordinary shares issued pursuant to the Placing to be admitted to
trading on AIM. Admission and dealing is expected to occur at 8.00 a.m. on 17
September 2010.
In addition, the Company announces that application has been made for admission
to trading on AIM in respect of a block listing of 10,000,000 ordinary shares of
0.2p each (the "Block Listing Shares"). As referred to in the Circular, in the
interests of retaining cash within the Company, certain Directors will use a
determined portion of their income from the Company to purchase newly issued
ordinary shares in the Company on a monthly basis on the first day of each
month. The number of Block Listing Shares to be issued each month will be
determined by the closing mid-market share price of ordinary shares in the
Company on the trading day immediately prior to the issue of the Block Listing
Shares. The Block Listing Shares may also be used to settle cash sums due by the
Company for other purposes. On issue, the Block Listing Shares will be issued
credited as fully paid and will rank pari passu with the existing ordinary
shares in issue.
Following the admission of the Placing Shares and the Block Listing Shares on 17
September 2010 the Company's total issued share capital will be 922,115,992
ordinary shares of 0.2p each. This figure (922,115,992 ordinary shares) 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 Disclosure and Transparency Rules.
Enquiries:
+--------------------------------+--------------------------------+
| Cyan Holdings plc | www.cyantechnology.com |
+--------------------------------+--------------------------------+
| Kenn Lamb, CEO | Tel: +44 (0) 1954 234 400 |
+--------------------------------+--------------------------------+
| Cenkos Securities plc | |
+--------------------------------+--------------------------------+
| Stephen Keys / Adrian Hargrave | Tel: +44 (0) 20 7397 8900 |
+--------------------------------+--------------------------------+
| Media - Hansard Group | |
+--------------------------------+--------------------------------+
| John Bick | Tel: +44(0) 20 7245 1100 |
+--------------------------------+--------------------------------+
This information is provided by RNS
The company news service from the London Stock Exchange
END
REGLFMITMBABBLM
Cyanconnode (LSE:CYAN)
Historical Stock Chart
From Jun 2024 to Jul 2024
Cyanconnode (LSE:CYAN)
Historical Stock Chart
From Jul 2023 to Jul 2024