Additional Listing

RNS Number : 1823V

Cyan Holdings Plc

28 October 2010

 



Cyan Holdings plc

("Cyan" or the "Company")

Block listing

In addition to Cyan's announcement of 16 September 2010, the Company announces that application has been made for admission to trading on AIM in respect of an additional block listing of 10,000,000 ordinary shares of 0.2p each, raising the total of potential block listing shares to 20,000,000. These shares will be used to enable certain directors to purchase newly issued ordinary shares in the Company on a monthly basis on the first day of each month. 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 Block Listing Shares. The Block Listing Shares may also be used to settle cash sums due by the Company for other purposes. 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.

Enquiries:

Cyan Holdings plc	www.cyantechnology.com
Kenn Lamb, CEO	Tel: [phone]
Cenkos Securities plc
Stephen Keys / Adrian Hargrave	Tel: [phone]
Media - Hansard Group
John Bick	Tel: [phone]

 

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