RNS Number : 1575Z
Cyan Holdings Plc
24 May 2016
Cyan Holdings plc
("Cyan" or the "Company")
Statement re. Press Speculation
The Board of Cyan Holdings plc notes recent press speculation and confirms
that it is considering its financing options to raise approximately £12.5 million to be used for a potential acquisition and for
working capital purposes (the "Potential Transaction"), although the terms of any potential placing have not yet been
agreed.
The Potential Transaction, if it were to proceed, would be classified as a substantial transaction
for the purposes of the AIM Rules for Companies.
A further announcement will be made in due course, as appropriate.
Enquiries:
Cyan Holdings plc
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Tel: +44 (0) 1954 234 400
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John Cronin, Executive Chairman
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www.cyantechnology.com
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Cantor Fitzgerald Europe - Nominated Adviser and
Broker
Andrew Craig
Richard Salmond
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Tel: +44 (0) 207 894 7000
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Beaufort Securities Limited - Joint Broker
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Tel: +44 (0) 207 382 8300
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Jon Belliss
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Walbrook PR - Financial PR
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Tel: +44(0) 20 7933 8780
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Paul Cornelius
Nick Rome
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cyan@walbrookpr.com
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About Cyan
Cyan is an integrated system design company based in Cambridge, UK. It provides a communication
platform that enables the measurement and control of energy consumption for the metering and lighting markets, helping to reduce
energy losses. Cyan's wireless mesh networking platform offers 'last mile' connectivity between millions of devices and
enterprise software, supporting bilateral communications with the end customer.
For more information, please visit www.cyantechnology.com.
This information is provided by RNS
The company news service from the London Stock Exchange
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