Directors' Share Purchase Scheme (4269W)

TIDMCYAN

RNS Number : 4269W

Cyan Holdings Plc

30 January 2012

Cyan Holdings plc

Directors' Share Purchase Scheme

Further to the Companies circular dated 1 September 2010, in the interests of retaining cash within the Company, Simon Smith has agreed to join the Company's Directors' Share Purchase Scheme whereby he will use a proportion of his income to purchase newly issued shares on a monthly basis. The amount agreed on will be GBP1,041.67 per month which represents 25% of his gross pay.

This purchase will take place on the 1(st) day of each month, with the number of shares purchased being determined by the closing mid-market share price of the ordinary shares on the trading day immediately prior to the issue of the ordinary shares.

Total Voting Rights and Block Listing Information

Further to the Company's circular dated 1 September 2010 and the announcements referring to the block listings on 28 October 2010 and 6 July 2011, and the issue of ordinary shares of 0.01p each in the Company since that time, the Company confirms that it has 1,613,621,471 ordinary shares of 0.01p each in issue. Below is an interim review for the block listings.

 
 Name:                                         Cyan Holdings plc 
 Name of Scheme:                               Share-based payment agreements 
 Period of Return:                             From 1 July 2011 to 31 December 
                                                2011 
 Balance of unalloted securities 
  under scheme(s) from previous 
  return:                                       1,000,031 
 Plus: The amount by which the 
  block scheme(s) has been increased 
  since the date of the last Review 
  (if any increase has been applied 
  for):                                        10,000,000 
 Less: Number of securities issued/allotted 
  under scheme(s) during period                7,199,712 
 Equals: Balance under scheme(s) 
  not yet issued/allotted at end 
  of period:                                   3,800,319 
 Number and class of securities                30,000,000 ordinary shares of 
  originally admitted:                          0.01p each 
 Date of original admissions:                  1 October 2010; 6 July 2011

In addition, the Company announces that application will shortly be made for admission to trading on AIM in respect of an additional block listing of 10,000,000 ordinary shares of 0.01p each, raising the total of potential block listing shares to 40,000,000. These shares will be used to enable the directors to purchase newly issued ordinary shares in the Company on a monthly basis on the first day of each month. As described in the first part of this announcement , 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 shares. These Block Listing Shares may also be used to settle cash sums due by the Company for other corporate purposes and for the exercise of options by staff. 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.

Cyan Holdings plc

Tel: +44 (0) 1954 234 400

John Read, Exec Chairman

www.cyantechnology.com

Cenkos Securities plc

Tel: +44 (0)20 7397 8900

NOMAD and Joint Broker

Stephen Keys / Adrian Hargrave

XCAP Securities plc

Tel: +44 (0)20 7101 7070

Joint Broker

John Belliss