Directorate Change (0364W)

TIDMCYAN

RNS Number : 0364W

Cyan Holdings Plc

24 January 2012

Cyan Holdings plc

("Cyan" or "the Company")

Directorate Change

Cyan Holdings Plc (AIM:CYAN.L), the integrated system design company delivering mesh based flexible wireless solutions for lighting control, utility metering and industrial telemetry announces that following the resignation of Kenn Lamb, John Read, the current Non- Executive Chairman will become Executive Chairman.

This is an interim measure and the Board of Directors will provide an update on the Company's ongoing board composition at the appropriate time.

John Read, Executive Chairman of Cyan commented:

"We thank Kenn for his dedicated effort over the last eight years and we are extremely proud of what he has achieved in turning the business into one of the leading integrated system design companies.

"We are looking forward to the future and further developing the business as we are now beginning to see substantial traction from all of the effort that Kenn and the team have put in.

"The balance sheet has been strengthened considerably from the proceeds of the recent placing and I look forward to the future growth of the business."

Enquiries:

 
Cyan Holdings plc        Tel: +44 (0) 1954 234 400 
 John Read, Chairman 
 www.cyantechnology.com 
-----------------------  ------------------------- 
Cenkos Securities plc    Tel: +44 (0)20 7397 8900 
 NOMAD and Joint Broker 
 Stephen Keys / Adrian 
 Hargrave 
                          Tel: +44 (0)20 7101 7070 
 XCAP Securities plc 
 Joint Broker 
 Jon Belliss / Adrian 
 Kirk 
-----------------------  ------------------------- 
Newgate Threadneedle     Tel: +44 (0)20 7653 9842 
 Financial PR 
 Adam Reynolds / Guy 
 McDougall/ 
 Caroline Evans- Jones 
-----------------------  -------------------------

This information is provided by RNS

The company news service from the London Stock Exchange

END

BOAQXLFLLFFZBBV

Cyanconnode (LSE:CYAN)
Historical Stock Chart
From Jun 2024 to Jul 2024