Statement re. Press Speculation

RNS Number : 1575Z

Cyan Holdings Plc

24 May 2016

 

Cyan Holdings plc
("Cyan" or the "Company")

Statement re. Press Speculation

The Board of Cyan Holdings plc notes recent press speculation and confirms that it is considering its financing options to raise approximately £12.5 million to be used for a potential acquisition and for working capital purposes (the "Potential Transaction"), although the terms of any potential placing have not yet been agreed. 

The Potential Transaction, if it were to proceed, would be classified as a substantial transaction for the purposes of the AIM Rules for Companies.

A further announcement will be made in due course, as appropriate.

Enquiries:

Cyan Holdings plc	Tel: [phone]
John Cronin, Executive Chairman	www.cyantechnology.com
Cantor Fitzgerald Europe - Nominated Adviser and Broker Andrew Craig Richard Salmond	Tel: [phone]
Beaufort Securities Limited - Joint Broker	Tel:  [phone]
Jon Belliss
Walbrook PR - Financial PR	Tel:  [phone]
Paul Cornelius Nick Rome	[e-mail]

About Cyan

Cyan is an integrated system design company based in Cambridge, UK. It provides a communication platform that enables the measurement and control of energy consumption for the metering and lighting markets, helping to reduce energy losses. Cyan's wireless mesh networking platform offers 'last mile' connectivity between millions of devices and enterprise software, supporting bilateral communications with the end customer.

For more information, please visit www.cyantechnology.com.

 

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