CYANCONNODE HOLDINGS PLC — Remuneration Information 2016

Jul 15, 2016

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RNS Number : 2621E

Cyan Holdings Plc

15 July 2016

Cyan Holdings plc

("CyanConnode" or the "Company")

Issue of Equity

CyanConnode (AIM:CYAN.L), the world leader in narrowband RF mesh networks for Omni Internet of Things communications, announces that following the Company's announcement in its circular dated 14 June 2016 (the "Circular") in which it was set out that all Directors had agreed to receive shares in the Company at the placing price of 0.18 pence per Ordinary Share rather than receive their salary or any bonuses that became due during the period 1 July 2016 to 30 June 2017 in cash, and certain employees had agreed to receive shares in the Company at the placing price of 0.18 pence per ordinary share rather than any bonuses that became due during the same period, it has today issued the following shares of 0.01 pence per share (the "Income Shares" as defined in the Circular) to the directors of the Company:

Name	Position	Shares issued	Previous shareholding	New shareholding	Per cent. of issued share capital post issue
John Cronin	Executive Chairman	103,891,389	178,353,148	282,244,537	1.97
Simon Smith	Chief Financial Officer	42,477,778	125,877,688	168,355,466	1.17
Harry Berry	Non-Executive Director	12,362,361	46,880,936	59,243,297	0.41
John Read	Non-Executive Director	2,694,166	44,040,365	46,734,531	0.33
Paul Ratcliff	Non-Executive Director	2,967,777	2,777,750	5,745,527	0.04

The share issues described above include shares relating to contractual bonuses due for H1 2016 for each of the Executive Directors (John Cronin and Simon Smith) and six months' salary payable over the 12 month period from 1 July 2016 to 30 June 2017 for each of these directors (equivalent to their contractual notice periods). The share issues also include three months' salary payable to the Non-Executive Directors (equivalent to their contractual notice periods) over the 12 month period from 1 July 2016 to 30 June 2017. It is further intended that following this initial issue, shares pursuant to this arrangement will then be issued on a fixed monthly basis on the first day of each month commencing on 1 August 2016 until such time that shares relating to a full 12 months' salary/bonus have been issued to each of the directors.

In addition 20,370,028 Ordinary Shares have been issued to other employees of the Company in respect of the their agreement to receive shares in the Company at the placing price of 0.18 pence per Ordinary Share rather than receive their bonuses that became due during the period 1 July 2016 to 30 June 2017 in cash. The shares issued relate to H1 2016 bonuses that have become payable

Following these issues made, the Company confirms it has 14,341,238,130 ordinary shares of 0.01 pence per share in issue.

The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014 ("MAR"). This inside information is now considered to be in the public domain.

Enquiries:

Cyan Holdings plc	www.cyantechnology.com
John Cronin, Executive Chairman	Tel: +44 (0) 1954 234 400
Cantor Fitzgerald Europe NOMAD and Joint Broker
Andrew Craig / Richard Salmond Beaufort Securities Limited Joint Broker Jon Belliss	Tel: +44 (0) 20 7894 7000 Tel: +44 (0) 20 7382 8300
Walbrook PR (Investor Relations)
Paul Cornelius / Nick Rome	Tel: +44(0) 20 7933 8780 cyanconnode@walbrookpr.com

This information is provided by RNS

The company news service from the London Stock Exchange

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