leadf
logo-loader
RNS
viewCyanConnode Holdings PLC

CyanConnode Holdings - Replacement: Director Share Purchases

RNS Number : 3456Y
CyanConnode Holdings PLC
08 September 2020
 

This announcement replaces the announcement RNS number 2797Y made on 8 September at 07:00hrs for the Director Share Purchases. See revised director holding for Chris Jones in first table, updated figures for Peter Tyler and an inserted options table.

 

8 September 2020

 

CyanConnode Holdings plc

("CyanConnode" or the "Company")

Director Share Purchases

CyanConnode Holdings plc (AIM: CYAN), a world leader in Narrowband Radio Frequency (RF) Smart Mesh Networks, announces that four directors have purchased ordinary shares of 2.0p in the Company ("Ordinary Shares"), as follows.

Director

 Shares purchased

Price paid per share (p)

Amount invested

 Previous shareholding

New shareholding

% in Company

 Total investment in Company

David Johns-Powell

    250,000

5.443

   13,608

    17,583,490

    17,833,490

9.73%

      3,772,204

Peter Tyler

      40,000

5.4

     2,160

      2,449,004

      2,489,004

1.36%

         669,565

Heather Peacock

      90,909

5.5

     5,000

         278,255

         369,164

0.20%

           80,052

Chris Jones

      57,556

5.19

     2,987

                     -  

            57,556

0.03%

             2,987

 

Furthermore, pursuant to the CyanConnode Matching Share Plan (the "Plan"), the Company will now grant the following number of options over Ordinary Shares to each director. 

Director

 Shares purchased

Options granted

Exercise price (p)

 Total options held

Options held as Matching Options

David Johns-Powell

    250,000

         250,000

           10

         250,000

                  250,000

Peter Tyler

      40,000

           40,000

           10

            40,000

                    40,000

Heather Peacock

      90,909

           90,909

           10

      1,480,555

                  115,909

Chris Jones

      57,556

           57,556

           10

            57,556

                    57,556

 

Under the terms of this Plan the options would have been granted at the same price at which the shares were purchased, however all directors have agreed to having these options issued with an exercise price of 10.0 pence per Ordinary Share. The higher strike price means that the options will have no value whatsoever until the share price increases significantly and will only have significant value if the share price increases by a large multiple from that today.

The information communicated in this announcement is inside information for the purposes of Article 7 of Regulation 596/2014.

Enquiries:

CyanConnode Holdings plc

Tel: +44 (0) 1223 225 060

John Cronin, Executive Chairman

 

www.cyanconnode.com

Arden Partners plc (Nomad and Broker)

Paul Shackleton/Dan Gee-Summons (Corporate Finance)

Simon Johnson (Corporate Broking)

Tel: +44 (0) 20 7614 5900

 

 

Yellow Jersey PR (Financial PR)

 

Tel: +44(0) 20 3004 9512

Sarah Hollins / Annabel Atkins

[email protected]

 

 

 

Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them

 

1.               

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

David Johns-Powell

2.               

Reason for the Notification

a)

Position/status

Non-executive director

b)

Initial notification/Amendment

Initial notification

 

3.   

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

CyanConnode Holdings plc

b)

LEI

213800MDLW3GKKW5TT58

4.   

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

a)

Description of the Financial instrument, type of instrument

 

Ordinary shares of 2.0p

 

And options over ordinary shares of 2.0p

 

 

Identification code

GB00B0P66Q02

b)

Nature of the transaction

 

Purchase of ordinary shares

Grant of share options

 

c)

Price(s) and volume(s)

 

Purchase of Ordinary Shares

Price(s)

Volume(s)

5.443p

250,000

 

Grant of Options

Exercise Price(s)

Volume(s)

10p

250,000

 

d)

Aggregated information:

·    Aggregated volume

·    Price

 

See above

e)

Date of the transaction

7 September 2020

f)

Place of the transaction

London Stock Exchange, AIM Market (XLON)

 

1.   

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Heather Peacock

2.               

Reason for the Notification

a)

Position/status

CFO

b)

Initial notification/Amendment

Initial notification

 

3.   

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

CyanConnode Holdings plc

b)

LEI

213800MDLW3GKKW5TT58

4.   

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

a)

Description of the Financial instrument, type of instrument

 

Ordinary shares of 2.0p

 

And options over ordinary shares of 2.0p

 

 

Identification code

GB00B0P66Q02

b)

Nature of the transaction

 

Purchase of ordinary shares

Grant of share options

 

c)

Price(s) and volume(s)

 

Purchase of Ordinary Shares

Price(s)

Volume(s)

5.5p

90,909

 

Grant of Options

Exercise Price(s)

Volume(s)

10p

90,909

 

d)

Aggregated information:

·    Aggregated volume

·    Price

 

See above

e)

Date of the transaction

7 September 2020

f)

Place of the transaction

London Stock Exchange, AIM Market (XLON)

 

 

1.   

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Peter Tyler

2.               

Reason for the Notification

a)

Position/status

Non-executive director

b)

Initial notification/Amendment

Initial notification

 

3.   

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

CyanConnode Holdings plc

b)

LEI

213800MDLW3GKKW5TT58

4.   

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

a)

Description of the Financial instrument, type of instrument

 

Ordinary shares of 2.0p

 

 

 

Identification code

GB00B0P66Q02

b)

Nature of the transaction

 

Purchase of ordinary shares

 Grant of share options

 

c)

Price(s) and volume(s)

 

Purchase of Ordinary Shares

Price(s)

Volume(s)

5.4p

40,000

 

Grant of Options

Exercise Price(s)

Volume(s)

10p

40,000

 

d)

Aggregated information:

·    Aggregated volume

·    Price

 

See above

e)

Date of the transaction

7 September 2020

f)

Place of the transaction

London Stock Exchange, AIM Market (XLON)

 

5.   

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Chris Jones

6.               

Reason for the Notification

a)

Position/status

Non-executive director

b)

Initial notification/Amendment

Initial notification

 

7.   

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

CyanConnode Holdings plc

b)

LEI

213800MDLW3GKKW5TT58

8.   

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

a)

Description of the Financial instrument, type of instrument

 

Ordinary shares of 2.0p

 

 

 

Identification code

GB00B0P66Q02

b)

Nature of the transaction

 

Purchase of ordinary shares

 Grant of share options

 

c)

Price(s) and volume(s)

 

Purchase of Ordinary Shares

Price(s)

Volume(s)

5.19p

57,556

 

Grant of Options

Exercise Price(s)

Volume(s)

10p

57,556

 

d)

Aggregated information:

·    Aggregated volume

·    Price

 

See above

e)

Date of the transaction

7 September 2020

f)

Place of the transaction

London Stock Exchange, AIM Market (XLON)

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
 
END
 
 
DSHUPURPBUPUUMR

Quick facts: CyanConnode Holdings PLC

Price: -

Market: AIM
Market Cap: -
Follow

Create your account: sign up and get ahead on news and events

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

FOR OUR FULL DISCLAIMER CLICK HERE

12 min read