RNS Number : 8802T
CyanConnode Holdings PLC
17 November 2023

17 November 2023

CyanConnode Holdings plc

("CyanConnode" or the "Company")

Issue of Share Options

CyanConnode (AIM:CYAN.L), the world leader in narrowband radio mesh networks, announces that, on 17 November 2023, it awarded options to acquire ordinary shares of 2 pence per share in the Company ("Options") to John Cronin, Executive Chairman and to Heather Peacock, Chief Financial Officer, as follows:

Director

No of options

Exercise price (p)

Vesting

John Cronin

600,000

15.75

one third at grant and one third on each of 31 March 2024 and 31 March 2025


506,082

14.00

one third at grant and one third on each of 31 March 2024 and 31 March 2025


442,857

17.00

one third on each of 31 January 2024, 31 January 2025 and 31 January 2026


1,548,949







Heather Peacock

600,000

15.75

one third at grant and one third on each of 31 March 2024 and 31 March 2025


506,082

14.00

one third at grant and one third on each of 31 March 2024 and 31 March 2025


442,857

17.00

one third on each of 31 January 2024, 31 January 2025 and 31 January 2026


682,642



These are the first share options awarded to the directors in over two years. This brings the total options held by John Cronin to 3,256,420 being 1.09% of issued share capital and options held by Heather Peacock to 2,191,850 being 0.73% of issued share capital. The above options have been awarded as part of the Company's Unapproved Share Option Scheme. It is anticipated that the options granted today will be converted into shares to be held in the Company's Joint Share ownership Plan ("JSOP") as soon as appropriate, with the same vesting prices and dates as set out above.

In addition to the above share options John Cronin and Heather Peacock currently hold the following shares in the Company's JSOP.

Director

Grant Date

Expiry Date

Participation Price £

Shares in JSOP

% of share capital

John Cronin

10/11/21

10/11/26

0.145

5,672,359






5,672,359

1.90%

Heather Peacock

10/11/21

10/11/26

0.145

1,331,498






1,331,498

0.45%

Enquiries:

CyanConnode Holdings plc

www.cyanconnode.com

John Cronin, Executive Chairman

Tel: +44 (0) 1223 865 750

Strand Hanson Limited (Nominated and Financial Adviser)

James Harris / Richard Johnson / David Asquith

Zeus Capital Limited (Sole Bookrunner and Broker)

Simon Johnson / Louisa Waddell

Tel: +44 (0) 20 7409 3494

Tel:+44 (0)20 3829 5000

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