Business
Board Appointments
Board Appointments.
About this update from Cyanconnode Holdings Plc
[{"type":"text","content":"\n \nRNS Number : 6329V CyanConnode Holdings PLC 25 July 2018 \n\nCyanConnode Holdings plc (\"CyanConnode\", the \"Company\" or the \"Group\")\n \nBoard Appointments\nAppointment of David Johns-Powell as Non-Executive Director and Heather Peacock as Group Finance Director \n \nCyanConnode, the world leader in narrowband radio mesh networks, is pleased to announce that William David Johns-Powell has been appointed to the Board of CyanConnode Holdings plc as a Non-Executive Director and Heather Peacock has been appointed as Group Finance Director both with immediate effect.\n \nDavid is a significant shareholder in the Company, currently having a beneficial interest in 7.84% of the Company's shares. He brings with him extensive entrepreneurial experience across a range of businesses and sectors, including property investment and development, equity investment, manufacturing, leisure, food and beverage, retail and insurance. In his time he has set up businesses and held a number of corporate roles, including overseeing the overall business trading strategies and holding finance and governance roles. David will be working for no remuneration in this Non-Executive Director role.\n \nJohn Cronin, Executive Chairman of CyanConnode, commented: \"We are delighted to welcome David to the Board of CyanConnode. Having known him for some time in the capacity of a significant shareholder of the Company I believe his wide range of business experience will provide complementary skills to the Board and will be invaluable at this time of growth for the Company. I look forward to working with him.\"\n \nDavid Johns-Powell commented: \"I welcome the opportunity to join the Board of CyanConnode, and I will use my best endeavours to promote the success of the Company for the benefit of all Shareholders. Based on my diverse business management experience, I believe I can assist with improving the financial performance of CyanConnode and thereby begin to restore shareholder faith and value.\"\n \nOn 15 September 2017, the Company announced a placing and subscription to raise GBP8.6 million through the issue of 30,852,488 Ordinary Shares at an issue price of 28 pence per Ordinary Share. One Subscriber agreed to invest a total of £1.8M in this placing, of which £500K was to be invested in the April 2018 Admission...