Director Shareholding

RNS Number : 1582I

Cyan Holdings Plc

20 July 2012

 



Cyan Holdings plc

("the Company")

Director Shareholding

The Company is pleased to announce that on the 19^th and 20^th July 2012 John Cronin, Executive Chairman, purchased a total of 5,625,000 ordinary shares at a price of 0.375 pence per share.

As an extension to his joining arrangements that were announced on 21 March 2012, the Company has agreed to match his investment by issuing a further 0.25% of the Company's share capital (including the shares to be issued as part of the Placings). This brings the matching total to 0.5%. Therefore, in addition to this purchase, the Company will issue a further 5,625,000 shares to Mr Cronin.

This brings John Cronin's interest in the Company's current issued share capital to 20,830,096 being 1.25% of the current issued share capital. Following the proposed Placings to be approved at the Company's EGM on 2 August 2012, and including his participation in the Placings, John Cronin's interest in the Company's enlarged share capital of 2,274,120,095 will be 35,487,239 being 1.56% of the enlarged share capital.

Enquiries:

Cyan Holdings plc John Cronin, 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 / Guy McDougall	Tel: [phone]

 

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