Director Share Purchase and Issue of Options

By

Regulatory News | 20 Nov, 2024

Updated : 07:01

RNS Number : 8714M
CyanConnode Holdings PLC
20 November 2024
 

20 November 2024

 

CyanConnode Holdings plc

("CyanConnode" or the "Company")

Director Share Purchase and Issue of Options

CyanConnode Holdings plc (AIM: CYAN), a world leader in Narrowband Radio Frequency (RF) Smart Mesh Networks, announces that Lyndon Faulkner, Non-Executive Director, has 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


Lyndon Faulkner

500,000

9.94

49,700

-

500,000

0.14%


 

Furthermore, pursuant to the CyanConnode Matching Share Plan (the "Plan"), the Company will now grant 500,000 options over Ordinary Shares to Mr Faulkner. Under the terms of this Plan the options will be granted with an exercise price the same as that which the shares were purchased at and will vest after four years.  

Following this grant, Mr Faulkner will hold options over 2,399,335 Ordinary Shares.

 Enquiries:

CyanConnode Holdings plc

Tel: +44 (0) 1223 865 750

John Cronin, Executive Chairman

www.cyanconnode.com

 

 

Strand Hanson Limited (Nominated and Financial Adviser)

Tel: +44 (0) 20 7409 3494

James Harris / Richard Johnson / David Asquith

 

 

 

Zeus Capital Limited (Broker)

Tel:+44 (0)20 3829 5000

Simon Johnson / Louisa Waddell

 

Panmure Liberum (Joint Broker)                                                             

Rupert Dearden / James Sinclair-Ford

 

 

 

Tel: +44 (0) 20 7886 2500


 

 

 

PDMR Notification Form

The notification below is made in accordance with the requirements of MAR.

1

Details of the persons discharging managerial responsibilities/person closely associated

a)

Names

Lyndon Faulkner

2

Reason for the notification

a)

Positions/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

Identification code

Ordinary Shares of 2.0p

And options over ordinary shares of 2p

Ordinary Shares - GB00BF93WP34

b)

Nature of the transaction

Purchase

c)

Price(s) and volume(s)

Purchase of 500,000 ordinary shares at 9.94p

Grant of 500,000 options with exercise price of 9.94 pence 

 

d)

Aggregated information

See above

e)

Date of the transaction

19 November 2024

f)

Place of the transaction

London Stock Exchange, AIM

 

 

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