Cyan Holdings plc
(the "Company")
Exercise of share options
The Company announces that pursuant to the terms of the Company's share option scheme, options have been exercised in the amount of 415,250 Ordinary Shares of 0.2p each ("the New Ordinary Shares") in the Company at a subscription price of 0.2p each.
Application has been made for the shares, which will rank pari passu with all existing shares, to be admitted to trading on AIM. Dealings in the New Ordinary Shares are expected to commence on 3 Nov 2009.
Following the admission of the 415,250 ordinary shares on 3 November 2009 the Company's total issued share capital will be 654,782,659 ordinary shares of 0.2p each. This figure (654,782,659 ordinary shares) may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company under the Disclosure and Transparency Rules