CyanConnode Holdings PLC Director Shareholdings (0039T)

TIDMCYAN

RNS Number : 0039T

CyanConnode Holdings PLC

30 December 2016

CyanConnode Holdings plc

("CyanConnode" or the "Company")

Director Shareholdings

CyanConnode (AIM:CYAN.L), the world leader in narrowband RF mesh networks for Omni Internet of Things communications, announces that following the Company's announcement in its circular dated 14 June 2016 (the "Circular") in which it was set out that all Directors had agreed to receive shares in the Company at the placing price of 0.18 pence per Ordinary Share rather than receive all remuneration that became due during the period 1 July 2016 to 30 June 2017 in cash, and certain employees had agreed to receive shares in the Company at the placing price of 0.18 pence per ordinary share rather than any bonuses that became due during the same period, it has today issued the following shares of 0.01 pence per share (the "Income Shares" as defined in the Circular) to the directors of the Company:

 
 Director         Position               No. of        Previous           Total     Per cent. 
                                         shares    shareholding    shareholding     of issued 
                                         issued                                         share 
                                                                                      capital 
                                                                                   post issue 
---------------  -----------------  -----------  --------------  --------------  ------------ 
                  Executive 
 John Cronin       Chairman          10,826,207     336,375,568     347,201,775         2.20% 
---------------  -----------------  -----------  --------------  --------------  ------------ 
                  Chief Financial 
 Simon Smith       Officer            4,873,822     192,758,665     197,632,487         1.25% 
---------------  -----------------  -----------  --------------  --------------  ------------ 
                  Non-Executive 
 Henry Berry       Director          16,630,222      79,929,070      96,559,292         0.61% 
---------------  -----------------  -----------  --------------  --------------  ------------ 
                  Non-Executive 
 John Read         Director           3,592,288      51,224,823      54,817,111         0.35% 
---------------  -----------------  -----------  --------------  --------------  ------------ 
                  Non-Executive 
 Paul Ratcliff     Director           3,956,977      10,691,807      14,648,784         0.09% 
---------------  -----------------  -----------  --------------  --------------  ------------

As a result of the issue of these 39,879,516 Income Shares, the Company now has 15,790,791,254 Ordinary Shares in issue. The 39,879,516 shares issued today is the final payment of shares to be issued to directors relating to monthly remuneration pursuant to the announcement in the Circular. The only remaining shares to be issued are those relating to bonuses for the second half of 2016 which will be issued once achievement of targets has been confirmed.

This figure of 15,790,791,254 may be used by shareholders as the denominator 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:

 
 CyanConnode Holdings 
  plc 
 John Cronin, Executive         Tel: +44 (0) 1223 225 
  Chairman                       060 
 
   Cantor Fitzgerald Europe 
   NOMAD and Joint Broker 
 Andrew Craig / Richard         Tel: +44 (0) 20 7894 
  Salmond                        7000 
 
  Beaufort Securities Limited 
  Jon Belliss                    Tel: +44 (0) 20 7382 
                                 8300 
 
   Walbrook PR 
   (Investor Relations)           Tel: +44(0) 20 7933 8780 
 Paul Cornelius / Nick          cyanconnode@walbrookpr.com 
  Rome

This information is provided by RNS

The company news service from the London Stock Exchange

END

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December 30, 2016 04:00 ET (09:00 GMT)

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