Cyan Holdings Plc Result of General Meeting (6616R)

TIDMCYAN

RNS Number : 6616R

Cyan Holdings Plc

30 June 2015

Cyan Holdings plc

("Cyan" or the "Company")

Result of General Meeting

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, is pleased to announce that at the Company's General Meeting held at 11.00 a.m. today, all of the resolutions were duly passed, including the approval of the placing and subscription of 2,060,000,000 ordinary shares (the "Placing and Subscription Shares") at 0.2p each to raise GBP4.1 million before expenses. Following such approvals and save only for Admission (as defined below), the placing and subscription of 2,060,000,000 Placing Shares at 0.2p each, as announced on 8 June 2015, is now complete.

Application has been made for the Placing and Subscription Shares to be admitted to trading on AIM ("Admission") and Admission is expected to become effective at 8.00 a.m. on 1 July 2015.

Following Admission the Company's issued share capital will be 6,535,873,628 ordinary shares of 0.01p each (excluding the proposed issue of a further 245,000,000 ordinary shares to be approved at a further general meeting at 11.30 a.m. today). The Company does not hold any shares in treasury. This figure (6,535,873,628 ordinary shares) may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company under the Disclosure and Transparency Rules.

Enquiries:

 
 Cyan Holdings plc              www.cyantechnology.com 
 John Cronin, Executive         Tel: +44 (0) 1954 234 
  Chairman                       400 
 Allenby Capital Limited 
  Nominated Adviser and 
  Joint Broker 
 Jeremy Porter / Alex           Tel: +44 (0) 20 3394 
  Brearley                       2972 
 
  Beaufort Securities Limited 
  Joint Broker 
  Jon Belliss                    Tel: +44 (0) 20 7382 
                                 8300 
 Walbrook PR 
  Financial PR                    cyan@walbrookpr.com 
 Paul Cornelius / Nick          Tel: +44(0) 20 7933 8780 
  Rome

This information is provided by RNS

The company news service from the London Stock Exchange

END

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