TIDMCYAN

RNS Number : 8802T

CyanConnode Holdings PLC

17 November 2023

17 November 2023

CyanConnode Holdings plc

("CyanConnode" or the "Company")

Issue of Share Options

CyanConnode (AIM:CYAN.L), the world leader in narrowband radio mesh networks, announces that, on 17 November 2023, it awarded options to acquire ordinary shares of 2 pence per share in the Company ("Options") to John Cronin, Executive Chairman and to Heather Peacock, Chief Financial Officer, as follows:

 
 Director               No of   Exercise   Vesting 
                      options     price 
                                   (p) 
                                           one third at grant and one third 
                                            on each of 31 March 2024 and 31 
 John Cronin          600,000    15.75      March 2025 
                   ----------  ---------  -------------------------------------- 
                                           one third at grant and one third 
                                            on each of 31 March 2024 and 31 
                      506,082    14.00      March 2025 
                   ----------  ---------  -------------------------------------- 
                                           one third on each of 31 January 
                                            2024, 31 January 2025 and 31 January 
                      442,857    17.00      2026 
                   ----------  ---------  -------------------------------------- 
                    1,548,949 
                   ----------  ---------  -------------------------------------- 
 
                                           one third at grant and one third 
                                            on each of 31 March 2024 and 31 
 Heather Peacock      600,000    15.75      March 2025 
                   ----------  ---------  -------------------------------------- 
                                           one third at grant and one third 
                                            on each of 31 March 2024 and 31 
                      506,082    14.00      March 2025 
                   ----------  ---------  -------------------------------------- 
                                           one third on each of 31 January 
                                            2024, 31 January 2025 and 31 January 
                      442,857    17.00      2026 
                   ----------  ---------  -------------------------------------- 
                      682,642 
                   ----------  ---------  --------------------------------------

These are the first share options awarded to the directors in over two years. This brings the total options held by John Cronin to 3,256,420 being 1.09% of issued share capital and options held by Heather Peacock to 2,191,850 being 0.73% of issued share capital. The above options have been awarded as part of the Company's Unapproved Share Option Scheme. It is anticipated that the options granted today will be converted into shares to be held in the Company's Joint Share ownership Plan ("JSOP") as soon as appropriate, with the same vesting prices and dates as set out above.

In addition to the above share options John Cronin and Heather Peacock currently hold the following shares in the Company's JSOP.

 
                                                 Participation Price GBP  Shares in JSOP  % of share capital 
 
  Director          Grant Date     Expiry Date 
John Cronin         10/11/21        10/11/26                       0.145       5,672,359 
----------------  -------------  --------------  -----------------------  --------------  ------------------ 
                                                                               5,672,359               1.90% 
  ---------------------------------------------  -----------------------  --------------  ------------------ 
Heather Peacock     10/11/21        10/11/26                       0.145       1,331,498 
----------------  -------------  --------------  -----------------------  --------------  ------------------ 
                                                                               1,331,498               0.45% 
  ---------------------------------------------  -----------------------  --------------  ------------------

Enquiries:

 
 CyanConnode Holdings plc                 www.cyanconnode.com 
 John Cronin, Executive Chairman          Tel: +44 (0) 1223 865 750 
 Strand Hanson Limited (Nominated and 
  Financial Adviser) 
 James Harris / Richard Johnson / David   Tel: +44 (0) 20 7409 3494 
  Asquith 
                                           Tel:+44 (0)20 3829 5000 
 
  Zeus Capital Limited (Sole Bookrunner 
  and Broker) 
  Simon Johnson / Louisa Waddell

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 rns@lseg.com 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

DSHNKOBQPBDDBDD

(END) Dow Jones Newswires

November 17, 2023 10:45 ET (15:45 GMT)

Cyanconnode (LSE:CYAN)
Gráfica de Acción Histórica
De Abr 2024 a May 2024 Haga Click aquí para más Gráficas Cyanconnode.
Cyanconnode (LSE:CYAN)
Gráfica de Acción Histórica
De May 2023 a May 2024 Haga Click aquí para más Gráficas Cyanconnode.