CyanConnode Holdings PLC Director Shareholding and Issue of Options (7342B)

TIDMCYAN

RNS Number : 7342B

CyanConnode Holdings PLC

06 April 2017

CyanConnode Holdings plc

("CyanConnode" or the "Company")

Director Shareholding and Issue of Options

CyanConnode (AIM:CYAN.L), the world leader in narrowband radio mesh networks, was notified yesterday that Peter Hutton, Non-Executive Director, purchased 26,308,972 ordinary shares of 0.01p in the Company ("Ordinary Shares") yesterday, at a price of 0.19 pence per share.

Peter was appointed to the Board of CyanConnode as a Non-Executive Director three days ago and joined us from his most recent role as a member of the executive committee at Cambridge based ARM Limited, the UK trading company of ARM Holdings plc, which was recently acquired by Softbank Japan for GBP24 billion.

Following yesterday's purchase, Peter Hutton's interest in the Company's current issued share capital is 26,308,972 Ordinary Shares, being approximately 0.15% of the current issued share capital.

Furthermore, in accordance with the CyanConnode Non-Executive Share Plan, details of which are set out below, and following the above purchase yesterday, the Company has granted options over 26,308,972 Ordinary Shares with an exercise price of 0.19 pence per Ordinary Share to Peter Hutton. Following this grant, Peter Hutton will hold options over 26,308,972 Ordinary Shares.

CyanConnode Non-Executive Share Plan

The Board adopted a share subscription and option plan in July 2014 in order to retain and attract Non-Executive Directors.

Existing and future Non-Executive Directors are offered the opportunity to purchase up to a maximum of GBP200,000 of Ordinary Shares in the Company at the then current market value and receive an associated grant of options over an equal number of Ordinary shares at the same market value. The options are exercisable only after the fourth anniversary of the date of grant and must be exercised in prior to the tenth anniversary of the date of grant. The options may be exercised in full prior to the fourth anniversary of the date of grant in the event of a sale of the Company.

Enquiries:

 
 CyanConnode Holdings           www.cyanconnode.com 
  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 
  Joint Broker 
  Jon Belliss                    Tel: +44 (0) 20 7382 
                                 8300 
 Walbrook PR 
  (Investor Relations)            cyanconnode@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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