CYANCONNODE HOLDINGS PLC — Director's Dealing 2013

Jan 16, 2013

National Storage Mechanism | Additional information

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RNS Number : 6287V

Cyan Holdings Plc

16 January 2013

Cyan Holdings plc

("Cyan" or the "Company")

Director Shareholdings

Further to the Company's circular dated 1 September 2010, setting out details of a Directors' Share Purchase Scheme the Company confirms that all of its directors have agreed to revert to receiving shares in lieu of fees from January 2013 until March 2013. This arrangement will apply to 100% of each director's fees.

As before, the newly issued shares will be issued on the 1st day of each month, with the number being determined by the closing mid-market share price of the Ordinary shares on the trading day immediately prior to the issue of the Ordinary Shares. The first issue will therefore be made on 1 February 2013, relating to fees for January 2013. These shares will be issued out of block listings admitted to AIM up to July 2012.

Below is an interim review for the block listing.

Name:	Cyan Holdings plc
Name of Scheme:	Share-based payment agreements
Period of Return:	From 21 July 2012 to 11 January 2013
Balance of unalloted securities under scheme(s) from previous return:	11,743,719
Plus: The amount by which the block scheme(s) has been increased since the date of the last Review (if any increase has been applied for):	-
Less: Number of securities issued/allotted under scheme(s) during period	3,461,538
Equals: Balance under scheme(s) not yet issued/allotted at end of period:	8,282,041
Number and class of securities originally admitted:	10,000,000 ordinary shares of 0.01p each (16/09/2010) 10,000,000 ordinary shares of 0.01p each (01/10/2010) 10,000,000 ordinary shares of 0.01p each (06/07/2011) 10,000,000 ordinary shares of 0.01p each (01/02/2012) 10,000,000 ordinary shares of 0.01p each (13/04/2012) 10,000,000 ordinary shares of 0.01p each (20/07/2012)

These shares are used mainly to enable directors to purchase newly issued ordinary shares in the Company on a monthly basis on the first day of each month as described above. The number of Block Listing Shares that have been issued each month has been determined by the closing mid-market share price of ordinary shares in the Company on the trading day immediately prior to the issue of the Block Listing Shares. The Block Listing Shares may also be used as part of a matching share incentive to Directors, to settle cash sums due by the Company for other purposes, and for the exercise of options by staff. On issue, the Block Listing Shares will be issued credited as fully paid and will rank pari passu with the existing ordinary shares in issue.

The Company also confirms that it currently has 2,326,805,503 ordinary shares of 0.01p each in issue.

Enquiries:

Cyan Holdings plc	www.cyantechnology.com
John Cronin, Exec Chairman	Tel: +44 (0) 1954 234 400
Cenkos Securities plc NOMAD and Joint Broker	Tel: +44 (0) 20 7397 8900
Stephen Keys / Adrian Hargrave XCAP Securities plc Joint Broker Jon Belliss	Tel: +44 (0) 20 7101 7070
Walbrook PR Financial PR	Tel: +44(0) 20 7933 8780
Bob Huxford / Paul Cornelius

This information is provided by RNS

The company news service from the London Stock Exchange

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