REG - CyanConnode Holdings - $5.25m Loan Note to support AMISP Tenders

Cyanconnode HoldingsAnnouncement

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RNS Number : 5836G  CyanConnode Holdings PLC  07 November 2025

 

7 November 2025

 

CyanConnode Holdings plc

("CyanConnode" or the "Company")

 

US$5.25 million Convertible Loan Note to Support AMISP Tenders

 

CyanConnode Holdings plc (AIM: CYAN), a global provider of IoT communication
and smart metering solutions, is pleased to announce that it has entered into
a further US$5.25 million unsecured convertible loan note agreement (the "Loan
Note") with Smart Sustainability Solutions Limited (the "Lender"), a Middle
Eastern climate technology company, that is a wholly owned subsidiary of a
publicly listed, Abu Dhabi based global investment group. The Loan Note
follows two similar agreements with the Lender completed earlier this year,
which together totalled US$15.0 million. This latest investment further
underscores the Lender's confidence in CyanConnode's growth strategy.

 

In 2024, the Company's Indian subsidiary, DigiSmart Networks Private Limited
("DigiSmart"), was empanelled as an Advanced Metering Infrastructure Service
Provider ("AMISP"), enabling it to bid directly for smart metering contracts
under the Revamped Distribution Sector Scheme ("RDSS").

 

The funds provided under the Loan Note will be used to secure Earnest Money
Deposits ("EMDs") for AMISP tenders on which DigiSmart intends to bid. EMDs
are refundable deposits required when submitting bids under the RDSS,
demonstrating a bidder's commitment to proceed with the project if selected.
The deposits are typically returned following the tender process, except where
a bidder withdraws or fails to complete contractual formalities after being
awarded the contract.

 

John Cronin, Group CEO of CyanConnode, commented:

"This additional funding represents another important step in our strategy to
secure substantial AMISP contracts under India's RDSS programme. It enables us
to participate in significant tender opportunities and demonstrates the
confidence our partners have in CyanConnode's technology, capability and
long-term vision for smart, sustainable energy management.

 

We are delighted to strengthen our partnership with the Lender and appreciate
their continued confidence in our vision and growth trajectory."

 

- Ends -

 

Enquiries:

CyanConnode Holdings plc
                                  Tel: +44 (0) 1223 865 750

John Cronin, Group CEO
 
 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 5000

Simon Johnson, Louisa Waddell

 

Panmure Liberum (Joint
Broker)
Tel: +44 (0) 20 7886 2500

Rupert Dearden / James Sinclair-Ford

 

Novella (Financial PR)
 
Tel: +44 (0) 20 3151 7008

Tim Robertson / Safia Colebrook

 

Key further Loan Note terms

·    Unsecured loan amount: US$5.25 million

·    Coupon: 7% per annum, payable on redemption or at the time of
conversion

·    Term: 60 months from the date of issuance

·    Redemption: The Company may redeem the Loan Note, in full, at any
time between the date of the Agreement and 60 months from the date of issuance

·    Conversion: If the Loan Note has not been redeemed during its Term,
the principal, together with any accrued but unpaid interest, may be converted
after the 60-month maturity date into equity in CyanConnode or one or more of
its subsidiaries, associates, or group companies. Conversion is at the
election of the Lender but subject to mutual agreement with the Company
regarding the conversion price and the entity or entities into which it may
convert. Any conversion into CyanConnode equity shall not result in a breach
of Rule 9 of the UK Takeover Code

·    Conversion Price: To be determined based on fair market value,
subject to agreement between the Company and the Lender

 

About CyanConnode

CyanConnode (AIM:CYAN.L), is a global provider of IoT communication and smart
metering solutions. Its comprehensive technology portfolio includes narrowband
RF mesh, advanced cellular modules, and hybrid communication platforms,
delivering scalable and cost-effective connectivity for smart energy and
infrastructure applications.

The Company's flagship Omnimesh platform offers highly reliable, self-forming
and self-healing networks, optimised for deployment across diverse geographic
and environmental conditions. Complemented by innovations such as long-range
RF, in-meter gateways, and AI-enhanced cellular connectivity, CyanConnode
provides flexible solutions tailored to evolving utility needs.

CyanConnode's Universal Head-End System (UHES) enables seamless integration
across multiple communication technologies, enhancing interoperability and
simplifying network management at scale.

As a trusted AMISP and OEM partner, CyanConnode works with utilities, system
integrators, and meter manufacturers through a global, vendor-agnostic
ecosystem. The Company is playing a central role in the digital transformation
of the energy sector, with projects spanning India, Southeast Asia, the Middle
East, and Europe.

 

For more information, please visit www.cyanconnode.com
(http://www.cyanconnode.com/)

 

The information contained within this announcement is deemed to constitute
inside information for the purposes of Article 7 of EU Regulation 596/2014
(Market Abuse Regulations) which is part of UK law by virtue of the European
Union (Withdrawal) Act 2018. Upon publication of this announcement, this
inside information is now considered to be in the public domain.

 

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