Cyan Holdings Plc CYAN Issue of Equity

  Cyan Holdings Plc (CYAN) - Issue of Equity

RNS Number : 9365R
Cyan Holdings Plc
23 November 2012




                              Cyan Holdings plc

                          ("Cyan" or the "Company")

                             Exercise of warrants



Cyan Holdings plc (AIM:CYAN.L), the integrated system and software design
company delivering mesh based flexible wireless solutions for utility metering
and lighting control announces that Warrant Holders have exercised a further
141,368 warrants.



These warrants formed part of the placing approved by shareholders in August
2012, and the full particulars of the warrants can be found in the Company's
Circular dated 13 July 2012. As a reminder, these warrants were given to all
Placees who participated in the Placing in July, in the ratio of one warrant
for every two shares subscribed for in the Placing. The warrants have an
exercise price of 0.5 pence per share, and can be exercised at any time, at
the discretion of the Warrant Holder between 2 August 2012 and 2 August 2013.
Upon exercise of warrant, the Company will issue shares equal to the number of
warrants exercised. Full instructions on how to exercise the warrants can be
found on the Company's website at the following web address:-



http://www.cyantechnology-ir.com/html/investors/agm.asp



The proceeds from this exercise of warrants will be used, along with proceeds
of all other warrant exercises, to provide the Company with additional working
capital funds to finance an expansion of the business in 2013.

Applications have been made for these Ordinary Shares to be admitted to
trading on AIM, which is expected to occur on 29 November 2012.

Following the issue of these Ordinary Shares, the Company's issued share
capital will be 2,306,323,358 ordinary shares. This figure may be used by
shareholders as the denominator for the calculations by which they will
determine whether they are required to notify their interests in, or a change
to their interest in, the Company under the FSA's Disclosure and Transparency
Rules.

Cyan Holdings plc               Tel: +44 (0) 1954 234 400

John Cronin, Executive Chairman

www.cyantechnology.com
Cenkos Securities plc           Tel: +44 (0)20 7397 8900

NOMAD and Joint Broker          

Stephen Keys / Adrian Hargrave
XCAP Securities plc             Tel: +44 (0)20 7101 7070

Joint Broker

Jon Belliss / Adrian Kirk
Newgate Threadneedle            Tel: +44 (0)20 7653 9843

Financial PR

Caroline Evans-Jones



About Cyan

Cyan is an  integrated system  design company delivering  mesh based  flexible 
wireless  solutions  for  utility  metering,  lighting  control  &  industrial 
telemetry. For more information, please visit www.cyantechnology.com.

                     This information is provided by RNS
           The company news service from the London Stock Exchange

END


IOEBKNDQABDDFDB -0- Nov/23/2012 16:53 GMT
 
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