Cyan Holdings Plc Block listing, director shareholdings and update (4267X)

TIDMCYAN

RNS Number : 4267X

Cyan Holdings Plc

10 January 2014

Cyan Holdings plc

("Cyan" or the "Company")

Block listing application and update

Employee and director shareholdings

Cyan Holdings plc (the "Company") provides an update regarding its existing block listing arrangements for the period from 27 July 2013 to 7 January 2014.

 
 Name:                                         Cyan Holdings plc 
 Name of scheme:                               Share-based payment agreements 
 Period of return:                             From 27 July 2013 to 9 January 2014 
 Balance of unallotted securities 
  under scheme(s) from previous 
  return:                                        32,822,176 
 Plus: The amount by which the                 Nil (see below for details of new 
  block scheme(s) has been increased            application for 30,000,000 ordinary 
  since the date of the last Review             shares to become effective on 15 
  (if any increase has been applied             January 2014) 
  for): 
 Less: Number of securities issued/allotted 
  under scheme(s) during period                28,113,908 
 Equals: Balance under scheme(s) 
  not yet issued/allotted at end 
  of period:                                   4,708,268 
 Number and class of securities                10,000,000 ordinary shares of 0.01p 
  originally admitted:                          each (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) 
                                                30,000,000 ordinary shares of 0.01p 
                                                each (01/08/2013)

In addition to the above, the Company also announces that application has been made for admission to trading on AIM in respect of an additional block listing of 30,000,000 ordinary shares of 0.01p each, raising the total available block listing shares to 34,708,268 (the "Block Listing Shares"), to become effective on 15 January 2014.

The Block Listing Shares may be used to settle cash sums due by the Company for suppliers and professional advisers. The Block Listing Shares may also be used for the payment of employee salaries. In this regard certain employees have agreed for part of their salaries to be paid in ordinary shares of the Company each month to an aggregate amount of GBP480 per month and which will increase to GBP960 per month from 1 March 2014. Such shares will be issued out of the Block Listing Shares on the first day of each month (the first issue having been made on 1 January 2014) at the closing mid-market price of the Company's ordinary shares on the last trading day of the previous month.

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 confirms that it currently has 3,417,625,092 ordinary shares of 0.01p each in issue.

Director Shareholding

In a Circular sent to shareholders on 14 August 2008, details were set out relating to an Employee Benefit Trust ("EBT") that had been set up by the Company, and on 6 January 2009 it was announced that one of the current directors, John Read, had been awarded 1,000,000 ordinary shares as part of this scheme. As detailed in the announcement and Circular dated 2 December 2013, Dr Read's entitlement to those shares expired on 18 December 2013 under the terms of the scheme. As a result, John Read's shareholding in the Company is now 29,199,101 shares, representing 0.85% of the Company's issued share capital.

Enquiries:

 
 Cyan Holdings plc               www.cyantechnology.com 
 John Cronin, Exec Chairman      Tel: +44 (0) 1954 234 400 
 Allenby Capital Limited 
  NOMAD and Joint Broker 
 Jeremy Porter / Mark Connelly   Tel: +44 (0) 20 3328 5656 
 
  XCAP Securities plc 
  Joint Broker 
  Jon Belliss / Adrian Kirk       Tel: +44 (0) 20 7101 7070 
 Walbrook PR 
  Financial PR 
 Paul Cornelius                  Tel: +44(0) 20 7933 8780

This information is provided by RNS

The company news service from the London Stock Exchange

END

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