Directors' Share Purchase Scheme

RNS Number : 4269W

Cyan Holdings Plc

30 January 2012

 



Cyan Holdings plc

Directors' Share Purchase Scheme

Further to the Companies circular dated 1 September 2010, in the interests of retaining cash within the Company, Simon Smith has agreed to join the Company's Directors' Share Purchase Scheme whereby he will use a proportion of his income to purchase newly issued shares on a monthly basis. The amount agreed on will be £1,041.67 per month which represents 25% of his gross pay.

This purchase will take place on the 1^st day of each month, with the number of shares purchased being determined by the closing mid-market share price of the ordinary shares on the trading day immediately prior to the issue of the ordinary shares.

Total Voting Rights and Block Listing Information

Further to the Company's circular dated 1 September 2010 and the announcements referring to the block listings on 28 October 2010 and 6 July 2011, and the issue of ordinary shares of 0.01p each in the Company since that time, the Company confirms that it has 1,613,621,471 ordinary shares of 0.01p each in issue. Below is an interim review for the block listings.

Name:	Cyan Holdings plc
Name of Scheme:	Share-based payment agreements
Period of Return:	From 1 July 2011 to 31 December 2011
Balance of unalloted securities under scheme(s) from previous return:	1,000,031
Plus: The amount by which the block scheme(s) has been increased since the date of the last Review (if any increase has been applied for):	10,000,000
Less: Number of securities issued/allotted under scheme(s) during period	7,199,712
Equals: Balance under scheme(s) not yet issued/allotted at end of period:	3,800,319
Number and class of securities originally admitted:	30,000,000 ordinary shares of 0.01p each
Date of original admissions:	1 October 2010; 6 July 2011

In addition, the Company announces that application will shortly be made for admission to trading on AIM in respect of an additional block listing of 10,000,000 ordinary shares of 0.01p each, raising the total of potential block listing shares to 40,000,000. These shares will be used to enable the directors to purchase newly issued ordinary shares in the Company on a monthly basis on the first day of each month.  As described in the first part of this announcement , the number of Block Listing Shares to be issued each month will be determined by the closing mid-market share price of ordinary shares in the Company on the trading day immediately prior to the issue of the shares. These Block Listing Shares may also be used to settle cash sums due by the Company for other corporate purposes and for the exercise of options by staff. On issue, the Block Listing Shares will be issued credited as fully paid and will rank pari passu with the existing ordinary shares in issue.

Cyan Holdings plc          

Tel: [phone]

John Read, Exec Chairman

www.cyantechnology.com

Cenkos Securities plc      

Tel: [phone]

NOMAD and Joint Broker     

Stephen Keys / Adrian Hargrave

XCAP Securities plc

Tel: [phone]

Joint Broker

John Belliss

Newgate Threadneedle

Tel: [phone]

Financial PR

Adam Reynolds /Guy McDougall

 

END

 

 

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