Cyan Holdings Plc Issue of Equity (0026Q)
October 31 2012 - 10:47AM
UK Regulatory
TIDMCYAN
RNS Number : 0026Q
Cyan Holdings Plc
31 October 2012
Cyan Holdings plc
("Cyan" or the "Company")
Exercise of warrants
Cyan Holdings plc (AIM:CYAN.L), the integrated system and
software design company delivering mesh based flexible wireless
solutions for utility metering and lighting control announces that
it will be issuing 19,199,713 Ordinary Shares of 0.01p each
following the exercise of warrants. Of these warrants, 14,914,000
are at a price of 0.4787 pence per share and form part of the
'Corporate Finance Warrants' referred to in the Company's circular
dated the 13 July 2012. The balance of 4,285,713 warrants are at a
price of 0.5 pence per share and form part of the 'Placing
Warrants' referred to in the same circular.
Application will be made for these Ordinary Shares to be
admitted to trading on AIM which is expected to occur on 6 November
2012.
Following the issue of these Ordinary Shares, the Company's
issued share capital will be 2,291,156,347 ordinary shares. This
figure may be used by shareholders as the denominator for the
calculations by which they will determine whether they are required
to notify their interests in, or a change to their interest in, the
Company under the FSA's Disclosure and Transparency Rules.
Cyan Holdings plc Tel: +44 (0) 1954 234 400
John Cronin, Executive 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
Jon Belliss / Adrian Kirk
-------------------------
Newgate Threadneedle Tel: +44 (0)20 7653 9842
Financial PR
Caroline Evans-Jones
-------------------------
About Cyan
Cyan is an integrated system design company delivering mesh
based flexible wireless solutions for utility metering, lighting
control & industrial telemetry. For more information, please
visit www.cyantechnology.com.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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