CyanConnode Executive Chairman John Cronin increases holding in company

CyanConnode

CyanConnode Holdings plc (LON:CYAN), a world leader in Narrowband Radio Frequency (RF) Smart Mesh Networks, announced today that John Cronin, Executive Chairman, has agreed to receive a further 35,714 ordinary shares of 2.0p in the Company as payment for part of his annual remuneration for the current financial year. These shares will be issued today, at a price of 14.00 pence per Ordinary Share, being a 21.74% premium to the closing mid-market price of 11.50 pence per Ordinary Share on 5 October 2022, the last working day prior to the issue of these shares.

Following issue of these Ordinary Shares, Mr Cronin’s shareholding and investment in the Company will be as follows:-

Director Shares purchasedPrice paid per share (p)Amount invested (£) Previous shareholdingNew shareholding% in Company Total investment in Company (£)
John Cronin   35,71414.00        5,000      5,889,017          5,924,7312.50%          1,163,328

Following the admission of the new Ordinary Shares, CyanConnode Holdings total issued share capital will be 236,570,439 ordinary shares of 2 pence each. This figure of 236,570,439 may be used by shareholders as the denominator by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company under the Disclosure and Transparency Rules.

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