Cyan Holdings Plc Directorate Changes (4112H)
May 19 2014 - 2:01AM
UK Regulatory
TIDMCYAN
RNS Number : 4112H
Cyan Holdings Plc
19 May 2014
Cyan Holdings plc
("Cyan" or the "Company")
Directorate Changes
Cyan Holdings (AIM:CYAN.L), the integrated system and software
design company delivering mesh based flexible wireless solutions
for utility metering and lighting control, announces the
appointment to the Board of the Company with immediate effect of
Henry (known as Harry) Berry as a Non-Executive Director.
Harry has over 30 years' experience in the technology and
telecommunications industries and has held a wide range of senior
positions and responsibilities in sales, global product management,
change management, and development programs. Harry joined BT in
1970 and was responsible for the creation of BT Brightstar, a
corporate incubator focusing on BT's R&D portfolio to create
technology venturing. Harry is currently European Partner with New
Venture Partners, a global venture capital firm dedicated to
corporate technology spinouts with over $700 million under
management. He is also the Chairman of the Eastern Enterprise Hub,
which is an organisation responsible for delivering
entrepreneurship into academic establishments working with the
University Campus Suffolk and colleges across the eastern region of
England. Harry is also the Chairman of New Anglia Capital, which
helps to provide funding for early stage businesses.
During the period from 2006 to 2011, Harry was an independent
director on the Board of Subex Azure Limited (now Subex Limited), a
leading global provider of Business Support Systems, headquartered
in Bangalore (India) with operations in the UK, US, Singapore,
Dubai and Australia. Subex is listed on the Bombay and National
Stock Exchanges in India, with a further listing on the
Professional Securities Market of the London Stock Exchange.
The Company also announces that Stephen Newton has resigned from
the Board with immediate effect due to health issues that meant he
no longer feels able to fulfill the role of a Non-Executive
Director of an AIM listed company.
Commenting on these changes, John Cronin, Executive Chairman,
said: "I am delighted that Harry has joined the Cyan Board as
Non-Executive Director. Harry has substantial skills and experience
in developing successful international companies and we look
forward to working with him. I would also like to thank Stephen for
his assistance over the short period where he has been on the Cyan
Board and I wish him well in overcoming the health issues that
resulted in his resignation."
Harry Berry commented: "I am delighted to join the Cyan Board,
and looking forward to helping the company to succeed in such an
exciting space."
Pursuant to Schedule 2 (g) of the AIM Rules for Companies the
following is disclosed in relation to Henry James Berry (age
66):
Current Directorships and Partnerships:
Evolved Networks Limited
New Venture Partners-UK LLP
Brightstar Innovations Global Ltd
HJB Brightstar Consultancy Limited
Eastern Enterprise Hub
Cranmer Cliff Gardens Management Limited
Brightstar Innovations Limited
Past Directorships and Partnerships held in the previous five
years:
IO Global Limited
Airclic Ltd
AP Solve
Subex Azure Ltd
New Anglia Capital Limited
Harry does not currently hold any shares in, or options over
shares in, the capital of the Company.
Enquiries:
Cyan Holdings plc www.cyantechnology.com
John Cronin, Exec Chairman Tel: +44 (0) 1954 234 400
Allenby Capital Limited
AIM Nominated Adviser and Joint
Broker
Jeremy Porter / Mark Connelly Tel: +44 (0) 20 3328 5656
Hume Capital Securities plc
Joint Broker
Jon Belliss 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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