CyanConnode Holdings PLC Issue of Options (7348B)
April 06 2017 - 3:21AM
UK Regulatory
TIDMCYAN
RNS Number : 7348B
CyanConnode Holdings PLC
05 April 2017
CyanConnode Holdings plc
("CyanConnode" or the "Group")
Issue of Options
CyanConnode (AIM:CYAN.L), the world leader in narrowband radio
mesh networks, announces that it has awarded options to acquire
ordinary shares of 0.01 pence per share in the Company ("Options")
to John Cronin, Executive Chairman, to Simon Smith, Chief Financial
Officer, and to Harry Berry, Non-Executive Director and to certain
other employees of the Group, as follows:
Name Position Current Exercise Number Exercise Total Per
number Price of new price number cent.
of Options of current Options (in of Options of
held Options granted pence now held current
(in pence per issued
per share) share) share
capital
--------- --------------- ------------- ------------ ------------ --------- ------------ ---------
John Executive 76,560,756
Cronin Chairman 101,689,440 0.30 146,130,076 0.2172 711,960,781 4.00%
387,580,509 0.42
0.25
565,830,705
-------------
Chief
Simon Financial 42,006,335
Smith Officer 26,149,218 0.30 57,026,371 0.2172 273,431,469 1.53%
0.42
148,249,545 0.25
-------------
216,405,098
-------------
5,000,000
Harry Non-Executive 7,000,000
Berry Director 22,320,884 0.38 28,513,186 0.2172 137,422,941 0.77%
0.29
0.28
74,588,871 0.25
-------------
108,989,755
-------------
The Options for all three directors are exercisable as to 33 per
cent. of the issued amount from 3 April 2018 and 33 per cent. of
the issued amount on 3 April for each of the following two
years.
The Options will lapse if unexercised after 10 years from the
date of grant. The Options have been issued at an exercise price of
0.2172 pence per share, which represents a 28 per cent. premium to
the Placing price of 0.17 pence approved by shareholders at the
General Meeting held on 3 April 2017 and a premium of 20 per cent.
to the closing market price on 5 April 2017, being the day before
the options were issued. The Options already held by all three
directors are at significant premiums to the current share price
and can be seen in the table above.
The Options listed above are the only share options currently
held by each of John Cronin, Simon Smith and Harry Berry, and
represent a total of 6.3 per cent. of the issued share capital
following admission to AIM on 7 April 2017 of the 1,906,912,392 new
ordinary shares issued pursuant to the Placing announced on 17
March 2017.
In addition to the Options, the directors above have the
following interests in ordinary shares in the company:
Name Amount invested No of ordinary Percentage
to date (GBP) shares held of current
issued share
capital
------------- ---------------- --------------- --------------
John Cronin 791,217 386,090,663 2.17%
------------- ---------------- --------------- --------------
Simon Smith 505,238 210,633,681 1.18%
------------- ---------------- --------------- --------------
Harry Berry 203,021 96,559,292 0.54%
------------- ---------------- --------------- --------------
TOTAL 1,499,476 693,283,636 3.89%
------------- ---------------- --------------- --------------
Following the above grants, the total number of ordinary shares
under option represent 12.7 per cent. of the current issued share
capital of the Group.
Enquiries:
CyanConnode Holdings www.cyanconnode.com
plc
John Cronin, Executive Tel: +44 (0) 1223 225
Chairman 060
Cantor Fitzgerald Europe
NOMAD and Joint Broker
Andrew Craig / Richard Tel: +44 (0) 20 7894
Salmond 7000
Beaufort Securities Limited
Joint Broker
Jon Belliss Tel: +44 (0) 20 7382
8300
Walbrook PR
(Investor Relations) cyanconnode@walbrookpr.com
Paul Cornelius / Nick Tel: +44(0) 20 7933 8780
Rome
This information is provided by RNS
The company news service from the London Stock Exchange
END
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