Cyan Holdings Plc Exercise of warrants (1586U)
December 21 2012 - 7:05AM
UK Regulatory
TIDMCYAN
RNS Number : 1586U
Cyan Holdings Plc
21 December 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 125,000 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 28
December 2012.
Following the issue of these Ordinary Shares, the Company's
issued share capital will be 2,326,805,503 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
Walbrook PR Tel: +44 (0)20 7933 8780
Financial PR bob.huxford@walbrookpr.com
Bob Huxford paul.cornelius@walbrookir.com
Paul Cornelius
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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