Cyan Holdings Plc Issue of options (2864L)
July 02 2014 - 12:25PM
UK Regulatory
TIDMCYAN
RNS Number : 2864L
Cyan Holdings Plc
02 July 2014
2 July 2014
Cyan Holdings plc
("Cyan" or the "Company")
Issue of options
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
it has today granted Unapproved Options over a total of 34,512,626
new ordinary shares to Peter Mainz, Non-Executive Director, at an
exercise price of 0.37 pence per share, being the closing market
price on 1 July 2014, the day before the options were issued.
These Unapproved Options are exercisable for 100 per cent. of
the issued amount from 1 July 2016 having a two year cliff vesting
period. The options will lapse if unexercised after 10 years from
the date of grant.
The Unapproved Options are the only share options currently held
by Peter Mainz, and represent a total of 1.00 per cent. of the
issued share capital at 30 June 2014 of 3,451,262,582 (the "current
issued share capital").
Peter Mainz currently holds no ordinary shares in the
Company.
Enquiries:
Cyan Holdings plc www.cyantechnology.com
John Cronin, Chairman Tel: +44 (0) 1954 234 400
Allenby Capital Limited
NOMAD and Joint Broker
Jeremy Porter / Michael McNeilly 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
MSCSSLFMEFLSEEW
Cyanconnode (LSE:CYAN)
Historical Stock Chart
From Jun 2024 to Jul 2024
Cyanconnode (LSE:CYAN)
Historical Stock Chart
From Jul 2023 to Jul 2024