CyanConnode Holdings PLC Director Share Purchases (3943Y)
September 09 2020 - 2:00AM
UK Regulatory
TIDMCYAN
RNS Number : 3943Y
CyanConnode Holdings PLC
09 September 2020
9 September 2020
CyanConnode Holdings plc
("CyanConnode" or the "Company")
Director Share Purchases
CyanConnode Holdings plc (AIM: CYAN), a world leader in
Narrowband Radio Frequency (RF) Smart Mesh Networks, announces that
Executive Chairman, John Cronin, has purchased ordinary shares of
2.0p in the Company ("Ordinary Shares"), as follows.
Director Shares Price paid Amount Previous New shareholding % in Company Total
purchased per share invested shareholding investment
(p) (GBP) in Company
(GBP)
John Cronin 360,342 5.55 20,000 3,413,467 3,773,809 2.06% 1,005,829
----------- ----------- ---------- -------------- ----------------- ------------- ------------
Furthermore, pursuant to the CyanConnode Matching Share Plan
(the "Plan"), the Company will now grant 360,342 options over
Ordinary Shares to Mr Cronin . Under the terms of this Plan the
options would have been granted at the same price at which the
shares were purchased, however as with other directors who
purchased shares on 7 September 2020, Mr Cronin has agreed to
having these options issued with an exercise price of 10.0 pence
per Ordinary Share. The higher strike price means that the options
will have no value whatsoever until the share price increases
significantly and will only have any value if the share price
increases above 10p.
Following this grant, Mr Cronin will hold options over 1,118,443
Ordinary Shares. In addition, he holds interests over 4,601,625
Ordinary Shares under the Company's Joint Share Ownership Plan. In
total, 914,678 options have been issued to Mr Cronin under the
Plan.
John Cronin, Executive Chairman, CyanConnode, commented :
"Together with my latest investment, the Board has invested over
GBP5.5 million in CyanConnode, which demonstrates our commitment
and confidence in the business going forward. I look forward to
giving further updates to the market as appropriate."
The information communicated in this announcement is inside
information for the purposes of Article 7 of Regulation
596/2014.
Enquiries:
CyanConnode Holdings plc Tel: +44 (0) 1223 225 060
John Cronin, Executive Chairman www.cyanconnode.com
Arden Partners plc (Nomad and Broker) Tel: +44 (0) 20 7614 5900
Paul Shackleton/Dan Gee-Summons
(Corporate Finance)
Simon Johnson (Corporate Broking)
Yellow Jersey PR (Financial PR) Tel: +44(0) 20 3004 9512
Sarah Hollins / Annabel Atkins cyanconnode@yellowjerseypr.com
Notification and public disclosure of transactions by persons
discharging managerial responsibilities and persons closely
associated with them
1. Details of the person discharging managerial responsibilities
/ person closely associated
a) Name John Cronin
------------------------------- ---------------------------------------------------
2. Reason for the Notification
------------------------------------------------------------------------------------
a) Position/status Executive Chairman
------------------------------- ---------------------------------------------------
b) Initial notification/Amendment Initial notification
------------------------------- ---------------------------------------------------
3. Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
------------------------------------------------------------------------------------
a) Name CyanConnode Holdings plc
------------------------------- ---------------------------------------------------
b) LEI 213800MDLW3GKKW5TT58
------------------------------- ---------------------------------------------------
4. Details of the transaction(s): section to be repeated
for (i) each type of instrument; (ii) each type of transaction;
(iii) each date; and (iv) each place where transactions
have been conducted
------------------------------------------------------------------------------------
a) Description of the Ordinary shares of
Financial instrument, 2.0p
type of instrument
And options over ordinary
shares of 2.0p
Identification code GB00B0P66Q02
------------------------------- ---------------------------------------------------
b) Nature of the transaction Purchase of ordinary shares
Grant of share options
------------------------------- ---------------------------------------------------
c) Price(s) and volume(s)
Purchase of Ordinary Shares Price(s) Volume(s)
5.55 360,342
----------
Grant of Options Exercise Price(s) Volume(s)
10p 360,342
----------
------------------------------- ---------------------------------------------------
d) Aggregated information:
* Aggregated volume See above
* Price
------------------------------- ---------------------------------------------------
e) Date of the transaction 7 September 2020
------------------------------- ---------------------------------------------------
f) Place of the transaction London Stock Exchange, AIM Market
(XLON)
------------------------------- ---------------------------------------------------
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END
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