Cyan Holdings Plc : Block listing application and update Employee and director shareholdings

Block listing application and update
Employee and director shareholdings

10 January 2014

Cyan Holdings plc (the "Company") provides an update regarding its existing block listing arrangements for the period from 27 July 2013 to 7 January 2014.

Name:	Cyan Holdings plc
Name of scheme:	Share-based payment agreements
Period of return:	From 27 July 2013 to 9 January 2014
Balance of unallotted securities under scheme(s) from previous return:	32,822,176
Plus: The amount by which the block scheme(s) has been increased since the date of the last Review (if any increase has been applied for):	Nil (see below for details of new application for 30,000,000 ordinary shares to become effective on 15 January 2014)
Less: Number of securities issued/allotted under scheme(s) during period	28,113,908
Equals: Balance under scheme(s) not yet issued/allotted at end of period:	4,708,268
Number and class of securities originally admitted:	10,000,000 ordinary shares of 0.01p each (16/09/2010) 10,000,000 ordinary shares of 0.01p each (01/10/2010) 10,000,000 ordinary shares of 0.01p each (06/07/2011) 10,000,000 ordinary shares of 0.01p each (01/02/2012) 10,000,000 ordinary shares of 0.01p each (13/04/2012) 10,000,000 ordinary shares of 0.01p each (20/07/2012) 30,000,000 ordinary shares of 0.01p each (01/08/2013)

In addition to the above, the Company also announces that application has been made for admission to trading on AIM in respect of an additional block listing of 30,000,000 ordinary shares of 0.01p each, raising the total available block listing shares to 34,708,268 (the "Block Listing Shares"), to become effective on 15 January 2014.

The Block Listing Shares may be used to settle cash sums due by the Company for suppliers and professional advisers. The Block Listing Shares may also be used for the payment of employee salaries. In this regard certain employees have agreed for part of their salaries to be paid in ordinary shares of the Company each month to an aggregate amount of £480 per month and which will increase to £960 per month from 1 March 2014. Such shares will be issued out of the Block Listing Shares on the first day of each month (the first issue having been made on 1 January 2014) at the closing mid-market price of the Company's ordinary shares on the last trading day of the previous month.

On issue, the Block Listing Shares will be issued credited as fully paid and will rank pari passu with the existing ordinary shares in issue.

The Company confirms that it currently has 3,417,625,092 ordinary shares of 0.01p each in issue.

Director Shareholding

In a Circular sent to shareholders on 14 August 2008, details were set out relating to an Employee Benefit Trust ("EBT") that had been set up by the Company, and on 6 January 2009 it was announced that one of the current directors, John Read, had been awarded 1,000,000 ordinary shares as part of this scheme. As detailed in the announcement and Circular dated 2 December 2013, Dr Read's entitlement to those shares expired on 18 December 2013 under the terms of the scheme. As a result, John Read's shareholding in the Company is now 29,199,101 shares, representing 0.85% of the Company's issued share capital.

Enquiries:

Cyan Holdings plc	www.cyantechnology.com
John Cronin, Exec Chairman	Tel: [phone]
Allenby Capital Limited NOMAD and Joint Broker
Jeremy Porter / Mark Connelly	Tel: [phone]
XCAP Securities plc Joint Broker
Jon Belliss / Adrian Kirk	Tel: [phone]
Walbrook PR Financial PR
Paul Cornelius	Tel: [phone]