REG - CyanConnode Holdings - Placing and Subscription – update

Cyanconnode HoldingsAnnouncement

13/11/2023 18:15

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RNS Number : 2983T  CyanConnode Holdings PLC  13 November 2023

13 November 2023

 

CyanConnode Holdings plc

("CyanConnode" or the "Company")

Placing and Subscription - update re Admission date and Director participation

Further to its announcements on 8 November and 9 November 2023, CyanConnode
(AIM:CYAN.L), a world leader in narrowband radio frequency (RF) smart mesh
networks, notifies that, in connection with the Fundraising to raise £2.7m
(before expenses), First Admission is now expected on 15 November 2023 and
Second Admission is now expected on 16 November 2023. Additionally, for
administrative purposes, John Cronin, Executive Chairman, will subscribe for
300,000 new Ordinary Shares (together with associated Investor Warrants) in
the Fundraising via the Subscription rather than the Placing.

Accordingly, First Admission shall comprise a total 2,600,300 new Ordinary
Shares (600,300 First Placing Shares and 2,000,000 EIS Subscription Shares)
and Second Admission shall comprise a total 24,588,200 new Ordinary Shares
(18,288,200 Second Placing Shares and 6,300,000 Remaining Subscription
Shares).

Enquiries:

 CyanConnode Holdings plc                                 Tel: +44 (0) 1223 225 060
 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 (Sole Bookrunner and Broker)        Tel:+44 (0)20 3829 5000
 Simon Johnson / Louisa Waddell

Capitalised terms used but not defined in this announcement shall have the
meanings given to such terms in the launch announcement made by the Company on
8 November 2023 unless indicated otherwise.

 

 

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