Result of General Meeting

RNS Number : 4789G

CyanConnode Holdings PLC

06 November 2018

 

CyanConnode Holdings plc
("CyanConnode" or the "Company")

Result of General Meeting

Result of Open Offer

and

Total Voting Rights

CyanConnode (AIM: CYAN), a world leader in narrowband radio frequency mesh networks, announces that at the Company's General Meeting held yesterday, all of the resolutions were duly passed.

Open Offer

The last time and date for receipt of completed application forms and payment in full under the Open Offer was 11.00 a.m. on 5 November 2018. The Company announces that at that time that it had received valid acceptances in respect of 3,372,083 Open Offer Shares from Qualifying Shareholders, including applications under the Excess Application Facility, with a value of approximately £0.3m. This represents approximately 65.6% of the 5,142,961 Open Offer Shares offered.  As a consequence, the Company has conditionally raised £5.4 million (before expenses) in aggregate through the Placing, Subscription and Open Offer.

Application will be made for 15,972,083 Fundraising Shares to be admitted to trading on AIM now expected on on 7 November 2018 and application will also be made for 37,852,391 Fundraising Shares to be admitted to trading on AIM now expected on 8 November 2018.

Director Dealings

Following the Fundraising the Director's relevant holdings will be as follows:

	Number of Existing Ordinary Shares	Percentage of Existing Ordinary Share Capital	Shares acquired in the Fundraising inc. Open Offer	Resultant Holding	Percentage of Enlarged Share Capital
Director
John Cronin	2,413,467	1.88%	1,000,000	3,413,467	1.87%
Harry Berry	624,219	0.49%	200,000	824,219	0.45%
Heather Peacock	178,255	0.14%	100,000	278,255	0.15%
David Johns-Powell	10,083,490	7.84%	7,500,000	17,583,490	9.64%
TOTAL	13,629,425	10.60%	8,800,000	22,429,425	12.29%

Total Voting Rights

Following the Fundraise, the issued share capital of the Company will be 182,398,523. The total voting rights in the Company is now 182,398,523 with no Shares held in Treasury. The figure of 182,398,523 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 FCA's Disclosure Guidance and Transparency Rules.

The results of the vote on the resolutions will shortly be available in the Investors section of the Company's website: https://cyanconnode.com/investors/

Unless otherwise defined, capitalised terms in this announcement shall have the same meanings as those defined in the Circular sent to shareholders on 19 October 2018.

Enquiries:

CyanConnode Holdings plc	Tel: [phone]
John Cronin, Executive Chairman	www.cyanconnode.com
finnCap Ltd (Nomad and Broker)	Tel: [phone]
Ed Frisby/ Giles Rolls (Corporate Finance) Alice Lane (ECM)
Walbrook PR (Financial PR) Paul Cornelius / Nick Rome	Tel:  [phone] [e-mail]

About CyanConnode

CyanConnode is a world leader in narrowband radio frequency (RF) mesh networks that facilitate machine to machine (M2M) communication. CyanConnode's innovative technology uses the industrial, scientific, and medical radio band, (ISM), which is optimised to give exceptional performance and competitive total cost of ownership.  Through global partnerships, CyanConnode provides customers with a solution for the rapid deployment of local or countrywide ISM RF mesh networks that provide reliable and secure M2M communication.

For more information, please visit www.cyanconnode.com

1.	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	John Cronin
2.	Reason for the Notification
a)	Position/status	PDMR - Executive Chairman
b)	Initial notification/Amendment	Initial notification
3.	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	CyanConnode Holdings plc
b)	LEI	213800MDLW3GKKW5TT58
4.	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the Financial instrument, type of instrument	Ordinary shares of 2p
	Identification code	GB00BF93WP34
b)	Nature of the transaction	Purchase of Ordinary Shares
c)	Price(s) and volume(s)	Price(s) Volume(s) 10 pence 1,000,000
d)	Aggregated information: ·      Aggregated volume ·      Price	N/A, single transaction as per 4c above
e)	Date of the transaction	8 November 2018
f)	Place of the transaction	London Stock Exchange, AIM Market (XLON)

1.	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Harry Berry
2.	Reason for the Notification
a)	Position/status	PDMR - Chief Operating Officer
b)	Initial notification/Amendment	Initial notification
3.	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	CyanConnode Holdings plc
b)	LEI	213800MDLW3GKKW5TT58
4.	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the Financial instrument, type of instrument	Ordinary shares of 2p
	Identification code	GB00BF93WP34
b)	Nature of the transaction	Purchase of Ordinary Shares
c)	Price(s) and volume(s)	Price(s) Volume(s) 10 pence 200,000
d)	Aggregated information: ·      Aggregated volume ·      Price	N/A, single transaction as per 4c above
e)	Date of the transaction	8 November 2018
f)	Place of the transaction	London Stock Exchange, AIM Market (XLON)

1.	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Heather Peacock
2.	Reason for the Notification
a)	Position/status	PDMR - Group Finance Director
b)	Initial notification/Amendment	Initial notification
3.	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	CyanConnode Holdings plc
b)	LEI	213800MDLW3GKKW5TT58
4.	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the Financial instrument, type of instrument	Ordinary shares of 2p
	Identification code	GB00BF93WP34
b)	Nature of the transaction	Purchase of Ordinary Shares
c)	Price(s) and volume(s)	Price(s) Volume(s) 10 pence 100,000
d)	Aggregated information: ·      Aggregated volume ·      Price	N/A, single transaction as per 4c above
e)	Date of the transaction	8 November 2018
f)	Place of the transaction	London Stock Exchange, AIM Market (XLON)

1.	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	David Johns-Powell
2.	Reason for the Notification
a)	Position/status	PDMR - Non-Executive Director
b)	Initial notification/Amendment	Initial notification
3.	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	CyanConnode Holdings plc
b)	LEI	213800MDLW3GKKW5TT58
4.	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the Financial instrument, type of instrument	Ordinary shares of 2p
	Identification code	GB00BF93WP34
b)	Nature of the transaction	Purchase of Ordinary Shares
c)	Price(s) and volume(s)	Price(s) Volume(s) 10 pence 7,500,000
d)	Aggregated information: ·      Aggregated volume ·      Price	N/A, single transaction as per 4c above
e)	Date of the transaction	7 November 2018
f)	Place of the transaction	London Stock Exchange, AIM Market (XLON)

 

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