Cyan Holdings Plc Issue of Equity (4767S)

TIDMCYAN

RNS Number : 4767S

Cyan Holdings Plc

30 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 Warrant Holders have exercised a further 6,071,430 warrants.

These warrants formed part of the placing approved by shareholders in August 2012, and the full particulars of the warrants can be found in the Company's Circular dated 13 July 2012. As a reminder, these warrants were given to all Placees who participated in the Placing in July, in the ratio of one warrant for every two shares subscribed for in the Placing. The warrants have an exercise price of 0.5 pence per share, and can be exercised at any time, at the discretion of the Warrant Holder between 2 August 2012 and 2 August 2013. Upon exercise of warrant, the Company will issue shares equal to the number of warrants exercised. Full instructions on how to exercise the warrants can be found on the Company's website at the following web address:-

http://www.cyantechnology-ir.com/html/investors/agm.asp

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, which is expected to occur on 5 December 2012.

Following the issue of these Ordinary Shares, the Company's issued share capital will be 2,312,394,788 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 
 John Cronin, Executive Chairman   234 400 
 www.cyantechnology.com 
Cenkos Securities plc             Tel: +44 (0)20 7397 
 NOMAD and Joint Broker            8900 
 Stephen Keys / Adrian Hargrave 
XCAP Securities plc               Tel: +44 (0)20 7101 
 Joint Broker                      7070 
 Jon Belliss / Adrian Kirk 
Newgate Threadneedle              Tel: +44 (0)20 7653 
 Financial PR                      9842 
 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

IOEBKKDDPBDDKDN

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