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On 10 October 2024, CyanConnode Holdings plc awarded Executive Chairman John Cronin 315,689 share options at a vesting price of 9.5 pence per share under its Matching Share Plan. Following this grant, Mr. Cronin holds options over 3,572,109 ordinary shares and interests over 5,672,359 shares under the Company's Joint Share Ownership Plan.
| Date | 10 Oct 2024 |
| Time | 09:30:01 |
| Category | Director/PDMR dealings |
| ID | 7064H |
10 October 2024
CyanConnode Holdings plc
("CyanConnode" or the "Company")
Director share options
CyanConnode Holdings plc (LSE: CYAN), a global leader in narrowband radio frequency (RF) smart mesh networks, announces that, further to its announcement on 26 September 2024 relating to the share purchase by John Cronin, Executive Chairman, on 10 October 2024 it awarded 315,689 share options at a vesting price of 9.5 pence per share under the existing CyanConnode Matching Share Plan (the "Plan"). Under the terms of the Plan options are granted to employees at the same price and volume as market share purchases.
Following this grant, Mr Cronin will hold options over 3,572,109 ordinary shares in the Company ("Shares"). In addition, he holds interests over 5,672,359 Shares under the Company's Joint Share Ownership Plan. In total, 1,230,367 options have been issued to Mr Cronin under the Plan.
-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.
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1 |
Details of the persons discharging managerial responsibilities/person closely associated |
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a) |
Names |
John Cronin |
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2 |
Reason for the notification |
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a) |
Positions/status |
Executive Chairman |
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b) |
Initial notification/Amendment |
Initial notification |
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3 |
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor |
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a) |
Name |
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b) |
LEI |
213800MDLW3GKKW5TT58 |
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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 |
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a) |
Description of the financial instrument, type of instrument Identification code |
Options over Ordinary Shares of 2.0p
Ordinary Shares - GB00BF93WP34 |
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b) |
Nature of the transaction |
Purchase |
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c) |
Price(s) and volume(s) |
Exercise Price - 9.5 pence Volumes - 315,689 Options
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d) |
Aggregated information |
N/A - single transaction |
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e) |
Date of the transaction |
10 October 2024 |
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f) |
Place of the transaction |
Outside a trading venue |
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