Issue of options

RNS Number : 2864L

Cyan Holdings Plc

02 July 2014

 



2 July 2014

Cyan Holdings plc

("Cyan" or the "Company")

Issue of options

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 has today granted Unapproved Options over a total of 34,512,626 new ordinary shares to Peter Mainz, Non-Executive Director, at an exercise price of 0.37 pence per share, being the closing market price on 1 July 2014, the day before the options were issued.

These Unapproved Options are exercisable for 100 per cent. of the issued amount from 1 July 2016 having a two year cliff vesting period. The options will lapse if unexercised after 10 years from the date of grant.

The Unapproved Options are the only share options currently held by Peter Mainz, and represent a total of 1.00 per cent. of the issued share capital at 30 June 2014 of 3,451,262,582 (the "current issued share capital").

Peter Mainz currently holds no ordinary shares in the Company.

Enquiries:

Cyan Holdings plc	www.cyantechnology.com
John Cronin, Chairman	Tel: [phone]
Allenby Capital Limited NOMAD and Joint Broker
Jeremy Porter / Michael McNeilly Hume Capital Securities plc Joint Broker Jon Belliss	Tel: [phone] Tel: [phone]
Walbrook PR Financial PR
Paul Cornelius	Tel: [phone]

 

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