Director Share Purchases

RNS Number : 9275I
CyanConnode Holdings PLC
17 December 2020
 

17 December 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 John Cronin, Executive Chairman has agreed to receive 1,467,391 ordinary shares of 2.0p in the Company ("Ordinary Shares") as payment for part of his annual remuneration for the current financial year. These shares will be issued today, at a price of 4.6 pence per Ordinary Share, being the closing mid-market price of the Company's Ordinary Shares on 16 December 2020, being the day before the Ordinary Shares were issued.

Following issue of these Ordinary Shares, Mr Cronin's shareholding and investment in the Company will be as follows:-

Director

 Shares purchased

Price paid per share (p)

Amount invested

 Previous shareholding

New shareholding

% in Company

 Total investment in Company (£)

John Cronin

  1,467,391

4.6

  67,500

  3,773,809

  5,241,200

2.83%

  1,073,329

 

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)

Paul Shackleton/Dan Gee-Summons (Corporate Finance)

Simon Johnson (Corporate Broking)

Tel: +44 (0) 20 7614 5900

 

 

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 Financial instrument, type of instrument

 

Ordinary Shares of 2.0p

 

 


Identification code

GB00B0P66Q02

b)


Nature of the transaction

Purchase of Ordinary Shares

 

c)


Price(s) and volume(s)

 

Purchase of Ordinary Shares

Price(s)

Volume(s)

4.6p

1,467,391

 

d)


Aggregated information:

· Aggregated volume

· Price

 

See above

e)


Date of the transaction

17 December 2020

f)


Place of the transaction

London Stock Exchange, AIM Market (XLON)

 

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