Issue of Equity

RNS Number : 3846R

Cyan Holdings Plc

16 November 2012

 



Cyan Holdings plc

("Cyan" or the "Company")

Exercise of warrants

Cyan Holdings plc (AIM:CYAN.L), the integrated system and software design company delivering mesh based flexible wireless solutions for utility metering and  lighting control announces that it will be issuing 12,932,643 Ordinary Shares of 0.01p each following the exercise of warrants. These form part of the Placing Warrants approved by shareholders at the General Meeting of the Company in August 2012, and are at a price of 0.5 pence per share. The proceeds from this exercise of warrants will be used, along with proceeds of all other warrant exercises, to provide the Company with additional working capital funds to finance an expansion of the business in 2013.

Applications have been made for these Ordinary Shares to be admitted to trading on AIM, of which 12,857,143 is expected to occur on 19 November 2012 and the balance of 75,500 which is expected to occur on 22 November 2012.

 Following the issue of these Ordinary Shares, the Company's issued share capital will be 2,306,181,990 ordinary shares. This figure may be used by shareholders as the denominator for the calculations by which they will determine whether they are required to notify their interests in, or a change to their interest in, the Company under the FSA's Disclosure and Transparency Rules.

Cyan Holdings plc John Cronin, Executive 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	Tel: [phone]

About Cyan

Cyan is an integrated system design company delivering mesh based flexible wireless solutions for utility metering, lighting control & industrial telemetry. For more information, please visit www.cyantechnology.com.

 

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