Business
Issue of options
Issue of options.
About this update from Cyanconnode Holdings Plc
[{"type":"text","content":"\n \nRNS Number : 2864L Cyan Holdings Plc 02 July 2014 \n \n\n2 July 2014\n \nCyan Holdings plc\n(\"Cyan\" or the \"Company\")\n \nIssue of options\nCyan 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 it has today granted Unapproved Options over a total of 34,512,626 new ordinary shares to Peter Mainz, Non-Executive Director, at an exercise price of 0.37 pence per share, being the closing market price on 1 July 2014, the day before the options were issued.\nThese Unapproved Options are exercisable for 100 per cent. of the issued amount from 1 July 2016 having a two year cliff vesting period. The options will lapse if unexercised after 10 years from the date of grant.\nThe Unapproved Options are the only share options currently held by Peter Mainz, and represent a total of 1.00 per cent. of the issued share capital at 30 June 2014 of 3,451,262,582 (the \"current issued share capital\").\nPeter Mainz currently holds no ordinary shares in the Company. \nEnquiries:\n\n\n\n\nCyan Holdings plc\n\n\nwww.cyantechnology.com\n\n\n\n\nJohn Cronin, Chairman\n \n\n\nTel: +44 (0) 1954 234 400\n\n\n\n\nAllenby Capital Limited\nNOMAD and Joint Broker\n\n\n\n\n\n\n\nJeremy Porter / Michael McNeilly\n \nHume Capital Securities plc\nJoint Broker\nJon Belliss \n \n\n\nTel: +44 (0) 20 3328 5656\n \n \n \nTel: +44 (0) 20 7101 7070\n\n\n\n\nWalbrook PR\nFinancial PR\n\n\n\n\n\n\n\nPaul Cornelius\n\n\nTel: +44(0) 20 7933 8780\n\n\n\n\n \n\nThis information is provided by RNSThe company news service from the London Stock Exchange END MSCSSLFMEFLSEEW\n ","length":4258,"tagName":"div"}]