Holding(s) in Company

RNS Number : 7950C

CyanConnode Holdings PLC

24 January 2018

 

CyanConnode Holdings plc

("CyanConnode" or the "Company")

Holdings in Company

CyanConnode (AIM:CYAN.L), has been notified that the technology funds from whom the Company purchased Connode Holding AB ("Connode") in July 2016, have sold 5,881,631 shares previously held in the Company following the completion of an 18 month lock-in period. These funds include Swedestart Tech KB, Yewtree Holding AB, CapMan Equity VII ALP, CapMan Equity VII CLP, CapMan Equity Sweden KB, Maneq Fund 2004 KY and Maneq 2004 AB.  The TR-1 for in respect of Swedestart Tech KB is below.

The Company has been advised that this share sale is purely as a result of the fund managers' decision to wind down the funds.

Enquiries:

CyanConnode Holdings plc	Tel: [phone]
John Cronin, Executive Chairman	www.cyanconnode.com
FinnCap Limited (Nomad and Broker) Adrian Hargrave/Giles Rolls (Corporate Finance) Alice Lane (Corporate Broking)	Tel: [phone]
Walbrook PR (Investor Relations)	Tel: [phone]
Paul Cornelius / Nick Rome	[e-mail]

About CyanConnode

CyanConnode is a world leader in narrowband RF mesh networks that enable Omni Internet of Things (IoT) communications. Its innovative solutions use sub GHz frequencies and are optimised for exceptional performance. Optimal solutions provide end-to-end quality of service and total cost of ownership and 6LoWPAN delivers standards-based IPv6 solutions, enabling rapid innovation for the implementation of 3^rd party applications. Through its global partner eco-system, CyanConnode provides customers with the flexibility and choice required to converge networks for applications in smart cities and IoT, delivering increased customer value. 

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

TR-1: Standard form for notification of major holdings

NOTIFICATION OF MAJOR HOLDINGS (to be sent to the relevant issuer and to the FCA in Microsoft Word format if possible)i
1a. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attachedii:			CYANCONNODE HOLDINGS PLC
1b. Please indicate if the issuer is a non-UK issuer  (please mark with an "X" if appropriate)
Non-UK issuer
2. Reason for the notification (please mark the appropriate box or boxes with an "X")
An acquisition or disposal of voting rights						X
An acquisition or disposal of financial instruments
An event changing the breakdown of voting rights
Other (please specify)iii:
3. Details of person subject to the notification obligationiv
Name			SWEDESTART TECH KB Swedish registration number: 969674-7725
City and country of registered office (if applicable)
4. Full name of shareholder(s) (if different from 3.)v
Name
City and country of registered office (if applicable)
5. Date on which the threshold was crossed or reachedvi:			23 January 2018
6. Date on which issuer notified (DD/MM/YYYY):			24 January 2018
7. Total positions of person(s) subject to the notification obligation
	% of voting rights attached to shares (total of 8. A)	% of voting rights through financial instruments (total of 8.B 1 + 8.B 2)		Total of both in % (8.A + 8.B)	Total number of voting rights of issuervii
Resulting situation on the date on which threshold was crossed or reached	<3%				127,933,196
Position of previous notification (if applicable)	2,793,771

8. Notified details of the resulting situation on the date on which the threshold was crossed or reachedviii
A: Voting rights attached to shares
Class/type of shares ISIN code (if possible)		Number of voting rightsix					% of voting rights
		Direct (Art 9 of Directive 2004/109/EC) (DTR5.1)		Indirect (Art 10 of Directive 2004/109/EC) (DTR5.2.1)			Direct (Art 9 of Directive 2004/109/EC) (DTR5.1)		Indirect (Art 10 of Directive 2004/109/EC) (DTR5.2.1)
ORDINARY SHARES GB00B0P66Q02		<3%
SUBTOTAL 8. A		<3%
B 1: Financial Instruments according to Art. 13(1)(a) of Directive 2004/109/EC (DTR5.3.1.1 (a))
Type of financial instrument		Expiration datex	Exercise/ Conversion Periodxi			Number of voting rights that may be acquired if the instrument is exercised/converted.			% of voting rights
			SUBTOTAL 8. B 1
B 2: Financial Instruments with similar economic effect according to Art. 13(1)(b) of Directive 2004/109/EC (DTR5.3.1.1 (b))
Type of financial instrument	Expiration datex		Exercise/ Conversion Period xi		Physical or cash settlementxii			Number of voting rights	% of voting rights
					SUBTOTAL 8.B.2

9. Information in relation to the person subject to the notification obligation (please mark the applicable box with an "X")
Person subject to the notification obligation is not controlled by any natural person or legal entity and does not control any other undertaking(s) holding directly or indirectly an interest in the (underlying) issuerxiii				X
Full chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held starting with the ultimate controlling natural person or legal entityxiv (please add additional rows as necessary)
Namexv	% of voting rights if it equals or is higher than the notifiable threshold	% of voting rights through financial instruments if it equals or is higher than the notifiable threshold	Total of both if it equals or is higher than the notifiable threshold
10. In case of proxy voting, please identify:
Name of the proxy holder
The number and % of voting rights held
The date until which the voting rights will be held
11. Additional informationxvi
LENNART JACOBSSON +46 705 - 55 10 50

Place of completion	UK
Date of completion	23 January 2018

 

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