Director/PDMR Shareholding

RNS Number : 4927U

Cyan Holdings Plc

15 May 2008

 



Press Release

15 May 2008

Cyan Holdings Plc

('Cyan' or 'the Company')

Directors' Shareholdings

Cyan (AIM: CYAN.L), a fabless semiconductor company providing configurable application software and production ready modules based on feature rich, low power, microcontroller chips announces that, under the terms of the Company's Employee Benefit Trust ('EBT') and as previously detailed in the placing circular issued on 31st July 2007, the following directors of the Company were awarded an option or interest in the ordinary shares of 0.2p each ('Ordinary Shares') of the Company on terms such that the interest will entitle the holders to the value of such Ordinary Shares above 22p per Ordinary Share. Fifty per cent. of the interest is capable of vesting absolutely in whole or in part on or after 11 April 2008, the first anniversary of Mr Lamb's appointment as a director and the remaining fifty per cent. on or after 11 April 2009, the second anniversary.

Director	Interest in Ordinary Shares awarded	Percentage of enlarged issued share capital
Kenn Lamb	8,200,000	5.47%
Andrew Lee	1,000,000	0.67%
John Read	1,000,000	0.67%

Application has been made for the 10,200,000 new Ordinary Shares to be admitted to trading on the Alternative Investment Market ('AIM') of London Stock Exchange plc. Admission of the new Ordinary Shares is expected to become effective on Tuesday 20th May 2008.

Following the issue of the new Ordinary Shares, the Company's total issued share capital with voting rights and which is admitted to trading on AIM will consist of 149,826,314 ordinary shares of 0.2p each, with one voting right per share.

-Ends-

For further information:

Cyan Holdings plc
Kenn Lamb, CEO	Tel: [phone]
Andrew Lee, Finance Director
	www.cyantechnology.com
Collins Stewart Europe Limited
Nick Ellis / Oliver Quarmby	Tel: [phone]
Corporate Finance
	www.collinsstewart.com
Abchurch Communications
Heather Salmond/ Jack Ballantyne	Tel: [phone]
[e-mail]	www.abchurch-group.com

Notes to Editors

Based in Cambridge in the UK, Cyan Holdings plc is a fabless semiconductor company specializing in the development of applications solutions collectively known as 'Cy SolvedTM' which are built upon the company's low powered, configurable eCOG1k and eCOG1x  microcontroller chips.

Cy-Solved incorporates ready to go solutions, software stacks, applications examples, modular software based on easy to use APIs, evaluation boards and production hardware modules from partners, all pulled together through Cyan's free integrated development environment CyanIDETM. Cy-Solved can be incorporated as-is into an application but also supports an ability to be easily customised - either way, giving users a head start on the road to market. Currently available Cy-Solved applications include RF-Solved, USB-Solved, Ethernet-Solved and Motor Control-Solved.

The Company was founded in 2002 and listed on AIM in 2005. Cyan Holdings plc operates through the brand 'Cyan'.

Website: http://www.cyantechnology.com

 

END

 

 

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