Issue of Equity

RNS Number : 0026Q

Cyan Holdings Plc

31 October 2012

 



Cyan Holdings plc

("Cyan" or the "Company")

Exercise of warrants

Cyan Holdings plc (AIM:CYAN.L), the integrated system and software design company delivering mesh based flexible wireless solutions for utility metering and  lighting control announces that it will be issuing 19,199,713 Ordinary Shares of 0.01p each following the exercise of warrants. Of these warrants, 14,914,000 are at a price of 0.4787 pence per share and form part of the 'Corporate Finance Warrants' referred to in the Company's circular dated the 13 July 2012. The balance of 4,285,713 warrants are at a price of 0.5 pence per share and form part of the 'Placing Warrants' referred to in the same circular.

Application will be made for these Ordinary Shares to be admitted to trading on AIM which is expected to occur on 6 November 2012.

Following the issue of these Ordinary Shares, the Company's issued share capital will be 2,291,156,347 ordinary shares. This figure may be used by shareholders as the denominator for the calculations by which they will determine whether they are required to notify their interests in, or a change to their interest in, the Company under the FSA's Disclosure and Transparency Rules.

Cyan Holdings plc John Cronin, Executive Chairman www.cyantechnology.com	Tel: [phone]
Cenkos Securities plc NOMAD and Joint Broker Stephen Keys / Adrian Hargrave	Tel: [phone]
XCAP Securities plc Joint Broker Jon Belliss / Adrian Kirk	Tel: [phone]
Newgate Threadneedle Financial PR Caroline Evans-Jones	Tel: [phone]

About Cyan

Cyan is an integrated system design company delivering mesh based flexible wireless solutions for utility metering, lighting control & industrial telemetry. For more information, please visit www.cyantechnology.com.

 

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