Business
Result of Placing and Subscription
Result of Placing and Subscription.
About this update from Cyanconnode Holdings Plc
[{"type":"text","content":"\n \nRNS Number : 8033Z CyanConnode Holdings PLC 17 March 2017 \n\nThe 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. Upon the publication of this announcement via a Regulatory Information Service (\"RIS\"), this inside information is now considered to be in the public domain.\n \nTHIS ANNOUNCEMENT AND THE INFORMATION CONTAINED HEREIN IS RESTRICTED AND IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES, AUSTRALIA, CANADA, THE REPUBLIC OF IRELAND, THE REPUBLIC OF SOUTH AFRICA, JAPAN, NEW ZEALAND OR ANY JURISDICTION WHERE TO DO SO MIGHT CONSTITUTE A VIOLATION OF LOCAL SECURITIES LAWS OR REGULATIONS.\n \nTHIS ANNOUNCEMENT IS FOR INFORMATION PURPOSES ONLY AND DOES NOT CONSTITUTE OR FORM PART OF ANY OFFER OR INVITATION TO SELL OR ISSUE, OR ANY SOLICITATION OF ANY OFFER TO PURCHASE OR SUBSCRIBE FOR, ANY NEW ORDINARY SHARES, NOR SHALL IT (OR ANY PART OF IT), OR THE FACT OF ITS DISTRIBUTION, FORM THE BASIS OF, OR BE RELIED ON IN CONNECTION WITH, OR ACT AS ANY INDUCEMENT TO ENTER INTO, ANY CONTRACT OR COMMITMENT WHATSOEVER WITH RESPECT TO THE PROPOSED PLACING.\n \n \nCYANCONNODE HOLDINGS PLC\n(\"CyanConnode\" or the \"Company\")\n \nResult of Placing and Subscription\nKey Highlights\n \n· Placing and Subscription to raise £3.2 million through the issue of 1,906,912,392 New Ordinary Shares\n· Issue Price of 0.17 pence per New Ordinary Share\n· The Fundraising is with new and existing institutional and EIS/VCT investors\n \nCyanConnode, the world leader in narrowband radio mesh networks, is pleased to announce that, following its earlier announcement, the Company has conditionally raised gross proceeds of £3.2 million through the successful Placing of 230,441,804 New Ordinary Shares and Subscription of 1,676,470,588 New Ordinary Shares, in aggregate 1,906,912,392 New Ordinary Shares at a price of 0.17 pence per New Ordinary Share. Cantor Fitzgerald Europe and Beaufort Securities Limited acted as Joint Brokers in relation to the Placing. \n \nThe net proceeds of the Placing and Subscription (together the \"Fundra...