Replacement: Director Share Purchases

RNS Number : 3456Y

CyanConnode Holdings PLC

08 September 2020

 

This announcement replaces the announcement RNS number 2797Y made on 8 September at 07:00hrs for the Director Share Purchases. See revised director holding for Chris Jones in first table, updated figures for Peter Tyler and an inserted options table.

8 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 four directors have purchased ordinary shares of 2.0p in the Company ("Ordinary Shares"), as follows.

Director	Shares purchased	Price paid per share (p)	Amount invested	Previous shareholding	New shareholding	% in Company	Total investment in Company
David Johns-Powell	250,000	5.443	13,608	17,583,490	17,833,490	9.73%	3,772,204
Peter Tyler	40,000	5.4	2,160	2,449,004	2,489,004	1.36%	669,565
Heather Peacock	90,909	5.5	5,000	278,255	369,164	0.20%	80,052
Chris Jones	57,556	5.19	2,987	-	57,556	0.03%	2,987

Furthermore, pursuant to the CyanConnode Matching Share Plan (the "Plan"), the Company will now grant the following number of options over   Ordinary Shares to each director.  

Director	Shares purchased	Options granted	Exercise price (p)	Total options held	Options held as Matching Options
David Johns-Powell	250,000	250,000	10	250,000	250,000
Peter Tyler	40,000	40,000	10	40,000	40,000
Heather Peacock	90,909	90,909	10	1,480,555	115,909
Chris Jones	57,556	57,556	10	57,556	57,556

Under the terms of this Plan the options would have been granted at the same price at which the shares were purchased, however all directors have 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 significant value if the share price increases by a large multiple from that today.

The information communicated in this announcement is inside information for the purposes of Article 7 of Regulation 596/2014.

Enquiries:

CyanConnode Holdings plc	Tel: [phone]
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: [phone]
Yellow Jersey PR (Financial PR)	Tel: [phone]
Sarah Hollins / Annabel Atkins	[e-mail]

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	David Johns-Powell
2.	Reason for the Notification
a)	Position/status	Non-executive director
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 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) 5.443p 250,000 Grant of Options Exercise Price(s) Volume(s) 10p 250,000
d)	Aggregated information: · Aggregated volume · Price	See above
e)	Date of the transaction	7 September 2020
f)	Place of the transaction	London Stock Exchange, AIM Market (XLON)

1.	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Heather Peacock
2.	Reason for the Notification
a)	Position/status	CFO
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 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) 5.5p 90,909 Grant of Options Exercise Price(s) Volume(s) 10p 90,909
d)	Aggregated information: · Aggregated volume · Price	See above
e)	Date of the transaction	7 September 2020
f)	Place of the transaction	London Stock Exchange, AIM Market (XLON)

1.	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Peter Tyler
2.	Reason for the Notification
a)	Position/status	Non-executive director
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  Grant of share options
c)	Price(s) and volume(s)	Purchase of Ordinary Shares Price(s) Volume(s) 5.4p 40,000 Grant of Options Exercise Price(s) Volume(s) 10p 40,000
d)	Aggregated information: · Aggregated volume · Price	See above
e)	Date of the transaction	7 September 2020
f)	Place of the transaction	London Stock Exchange, AIM Market (XLON)

5.	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Chris Jones
6.	Reason for the Notification
a)	Position/status	Non-executive director
b)	Initial notification/Amendment	Initial notification
7.	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	CyanConnode Holdings plc
b)	LEI	213800MDLW3GKKW5TT58
8.	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  Grant of share options
c)	Price(s) and volume(s)	Purchase of Ordinary Shares Price(s) Volume(s) 5.19p 57,556 Grant of Options Exercise Price(s) Volume(s) 10p 57,556
d)	Aggregated information: · Aggregated volume · Price	See above
e)	Date of the transaction	7 September 2020
f)	Place of the transaction	London Stock Exchange, AIM Market (XLON)

 

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