Business
Statement re media speculation
Statement re media speculation.
About this update from Cyanconnode Holdings Plc
[{"type":"text","content":"\n\n \n01 August 2024\nCyanConnode Holdings plc \n(\"CyanConnode\" or the \"Company\") \n \nStatement re media speculation\n \nCyanConnode Holdings plc (LSE: CYAN), a global leader in narrowband radio frequency (RF) smart mesh networks, notes the recent newspaper article in India speculating that IntelliSmart Infrastructure Private Limited (IntelliSmart), a key partner and customer of the Company in India, is considering acquiring a significant stake in CyanConnode's Indian operations.\n \nCyanConnode confirms that it is actively exploring various funding opportunities to further enhance its growth and operational capabilities. Among these options is the potential for a strategic investment into its subsidiary, CyanConnode Pvt Ltd. While discussions have been held with various parties, which as a matter of course include its key partners, these remain at an early stage and there is no certainty that definitive terms will be agreed or as to timing of any such discussions being concluded.\n \nCyanConnode remains committed to pursuing avenues that will strengthen its market position in India and drive long-term value for its stakeholders.\n \nFurther announcements will be made in due course, as appropriate.\n \n-Ends-\n \nEnquiries:\n \nCyanConnode Holdings plc Tel: +44 (0) 1223 865 750\nJohn Cronin, Executive Chairman www.cyanconnode.com\n\nStrand Hanson Limited (Nominated and Financial Adviser) Tel: +44 (0) 20 7409 3494\nJames Harris / Richard Johnson / D...