Director Share Purchase
26 September 2024
CyanConnode Holdings plc
("CyanConnode" or the "Company")
Director share purchase
CyanConnode Holdings plc (LSE: CYAN), a global leader in narrowband radio frequency (RF) smart mesh networks, announces that John Cronin, Executive Chairman, purchased 315,689 ordinary shares of 2p each ("Ordinary Shares") at a price of 9.5 pence per share on 25 September 2024.
This brings John's interest in the Company's issued share capital to 7,390,092 Ordinary Shares, being 2.06% of the current issued share capital. John also has interests in 5,672,359 shares held jointly in the Company's Joint Share Ownership Plan ("JSOP"), being a further 1.58% of the Company's issued share capital. This brings his total interest over CyanConnode Ordinary Shares to 3.64%.
The total amount invested in Ordinary Shares of the Company by John Cronin to date is £1.32 million.
-Ends-
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 (Joint Broker) Tel: +44 (0) 20 3829 5900
Simon Johnson / Louisa Waddell
Panmure Liberum (Joint Broker) Tel: +44 (0) 20 7886 2500
Rupert Dearden / James Sinclair-Ford
About CyanConnode
CyanConnode (AIM:CYAN.L), is a world leader in Narrowband Radio Frequency (RF) Smart Mesh Networks, which are used for machine to machine (M2M) communication. As well as being self-forming and self-healing, CyanConnode's RF Smart Mesh Networks are designed for rapid deployment, whilst giving exceptional performance and competitive total cost of ownership.
In June 2018, CyanConnode launched its award-winning Omnimesh Advanced Metering Infrastructure (AMI) platform, which has already gained considerable commercial traction, especially in India which is a key market for the Company.
Through a Global partner eco-system, which is vendor agnostic, CyanConnode has several routes to market, therefore it is well positioned to capitalise upon increasing Global demand for smart metering solutions.
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 | John Cronin | ||
2 | Reason for the notification | |||
a) | Positions/status | Executive Chairman | ||
b) | Initial notification/Amendment | Initial notification | ||
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||
a) | Name |
| ||
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 pence each
Ordinary Shares - GB00BF93WP34 | ||
b) | Nature of the transaction | Purchase | ||
c) | Price(s) and volume(s) | Price - 9.5 pence Volumes - 315,689 Ordinary Shares
| ||
d) | Aggregated information | N/A - single transaction | ||
e) | Date of the transaction | 25 September 2024 | ||
f) | Place of the transaction | London Stock Exchange, AIM | ||
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