Cyan Holdings Plc Director Shareholdings (6287V)

TIDMCYAN

RNS Number : 6287V

Cyan Holdings Plc

16 January 2013

Cyan Holdings plc

("Cyan" or the "Company")

Director Shareholdings

Further to the Company's circular dated 1 September 2010, setting out details of a Directors' Share Purchase Scheme the Company confirms that all of its directors have agreed to revert to receiving shares in lieu of fees from January 2013 until March 2013. This arrangement will apply to 100% of each director's fees.

As before, the newly issued shares will be issued on the 1st day of each month, with the number 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. The first issue will therefore be made on 1 February 2013, relating to fees for January 2013. These shares will be issued out of block listings admitted to AIM up to July 2012.

Below is an interim review for the block listing.

 
 
   Name:                                  Cyan Holdings plc 
 Name of Scheme:                        Share-based payment agreements 
 Period of Return:                      From 21 July 2012 to 11 January 2013 
 Balance of unalloted securities 
  under scheme(s) from previous 
  return:                                 11,743,719 
 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): 
 Less: Number of securities 
  issued/allotted under scheme(s) 
  during period                         3,461,538 
 Equals: Balance under scheme(s) 
  not yet issued/allotted at 
  end of period:                        8,282,041 
 Number and class of securities         10,000,000 ordinary shares of 0.01p each 
  originally admitted:                  (16/09/2010) 
                                        10,000,000 ordinary shares of 0.01p each 
                                        (01/10/2010) 
                                        10,000,000 ordinary shares of 0.01p each 
                                        (06/07/2011) 
                                        10,000,000 ordinary shares of 0.01p each 
                                        (01/02/2012) 
                                        10,000,000 ordinary shares of 0.01p each 
                                        (13/04/2012) 
                                        10,000,000 ordinary shares of 0.01p each 
                                        (20/07/2012)

These shares are used mainly to enable directors to purchase newly issued ordinary shares in the Company on a monthly basis on the first day of each month as described above. The number of Block Listing Shares that have been issued each month has been 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 Block Listing Shares. The Block Listing Shares may also be used as part of a matching share incentive to Directors, to settle cash sums due by the Company for other 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.

The Company also confirms that it currently has 2,326,805,503 ordinary shares of 0.01p each in issue.

Enquiries:

 
 Cyan Holdings plc                www.cyantechnology.com 
 John Cronin, Exec Chairman       Tel: +44 (0) 1954 234 400 
 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 
 Walbrook PR                      Tel: +44(0) 20 7933 8780 
  Financial PR 
 Bob Huxford / Paul Cornelius

This information is provided by RNS

The company news service from the London Stock Exchange

END

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