Cyan Holdings Plc Result of General Meeting (6622R)
June 30 2015 - 6:45AM
UK Regulatory
TIDMCYAN
RNS Number : 6622R
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 11.30 a.m.
today, all of the resolutions were duly passed, including the
approval of the placing of 245,000,000 ordinary shares (the
"Placing Shares") at 0.2p each to raise GBP490,000 before expenses.
Following such approvals and save only for Admission (as defined
below), the placing of 245,000,000 Placing Shares at 0.2p each, as
announced on 11 June 2015, is now complete.
Application has been made for the Placing 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
6,780,873,628 ordinary shares of 0.01p each (including the Placing
Shares and the 2,060,000,000 ordinary shares issued pursuant to the
8 June fundraising). The Company does not hold any shares in
treasury. This figure (6,780,873,628 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.
Following Admission, the Directors' shareholdings will be as
follows:
No. of ordinary No. of ordinary % of issued
shares subscribed shares on share capital
in the 8 Admission on Admission
June fundraising
John Cronin 15,000,000 105,242,048 1.61%
Simon Smith 15,000,000 79,766,588 1.22%
John Read 5,000,000 38,484,815 0.59%
Harry Berry 12,500,000 30,214,286 0.46%
Peter Mainz 7,500,000 11,785,714 0.18%
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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