Cyan Holdings Plc Issue of Equity (3846R)
November 16 2012 - 12:18PM
UK Regulatory
TIDMCYAN
RNS Number : 3846R
Cyan Holdings Plc
16 November 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 12,932,643 Ordinary Shares of 0.01p each
following the exercise of warrants. These form part of the Placing
Warrants approved by shareholders at the General Meeting of the
Company in August 2012, and are at a price of 0.5 pence per share.
The proceeds from this exercise of warrants will be used, along
with proceeds of all other warrant exercises, to provide the
Company with additional working capital funds to finance an
expansion of the business in 2013.
Applications have been made for these Ordinary Shares to be
admitted to trading on AIM, of which 12,857,143 is expected to
occur on 19 November 2012 and the balance of 75,500 which is
expected to occur on 22 November 2012.
Following the issue of these Ordinary Shares, the Company's
issued share capital will be 2,306,181,990 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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