DGAP-Ad-hoc: cyan AG / Key word(s): Capital Increase
cyan AG resolves to carry out a cash capital increase with subscription rights to further underpin the company's growth
The Management Board of cyan AG (ISIN: DE000A2E4SV8) today resolved, with the approval of the Supervisory Board, to implement a cash capital increase with subscription rights. The company's share capital is to be increased from EUR 14,889,700.00 by up to EUR 2,127,100.00 to up to EUR 17,016,800.00, making partial use of the authorized capital. For this purpose, up to 2,127,100 new no-par value bearer shares are to be issued. The issue price per new share is EUR 2.63. The new shares will have full dividend rights from January 1, 2021.
The shares are expected to be offered for purchase to the shareholders of cyan AG by way of statutory subscription rights in the period from September 5, 2022 (0:00 CET) to September 19, 2022 (24:00 CET) after approval of the securities information sheet ("Wertpapierinformationsblatt"). The subscription ratio is 7 old shares to one new share. Subscription rights that are not exercised will expire without compensation. No exchange trading in subscription rights will be organized by the company or by the bank entrusted with the processing. Shares not taken up by shareholders with subscription rights may be offered for subscription to interested investors by way of a private placement.
In accordance with the provisions of Section 4 of the German Securities Prospectus Act (Wertpapierprospektgesetz, WpPG), the subscription offer will be made without a prospectus on the basis of a securities information sheet as soon as this has been approved by the Federal Financial Supervisory Authority (Bundesanstalt für Finanzdienstleistungsaufsicht, BaFin). The approval of the securities information sheet is expected to take place on September 1, 2022. The securities information sheet will then be available on the issuer's website at https://ir.cyansecurity.com/publications/ under the heading “Publications”.
The Company's major shareholders have already confirmed their participation in the corporate action. The inflow of funds from the capital increase will serve to underpin the Company's operational growth at national and international level with increased equity.
Person making the notification:
Frank von Seth, CEO
Information and Explanation of the Issuer to this announcement:
cyan AG (XETR: CYR) is a leading, globally active provider of intelligent cyber security solutions and platforms (BSS/OSS) for telecom companies with more than 15 years of experience in the IT industry. The company's main business areas are IT security solutions for end customers of mobile and fixed network internet providers (MNO, ISP), mobile virtual network operators (MVNO) and financial service providers. The solutions provided by cyan are integrated as white label product into the infrastructure of the business partners, who then offer them to their end customers in a B2B2C model, under their own brand.
Today the group has numerous international customers, through which cyan’s products are distributed to end customers. In the process cyan can offer a range of solutions along the entire value chain from platform, data optimization to cybersecurity. In addition, cyan operates its own research & development center with the aim of identifying industry trends at an early stage and developing optimal product solutions. Besides Orange, cyan's customers include among others Claro Chile (América Móvil Group), dtac (Telenor Group) as well as the telecom group Magenta (T-Mobile). Further information is available at www.cyansecurity.com.
cyan AG Investor Contact:
Tel. +49 89 71042 2073
cyan AG Press Contact:
Better Orange IR & HV AG
Tel. +49 89 88 96 906 17
19-Aug-2022 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
|Listed:||Regulated Unofficial Market in Berlin, Dusseldorf, Frankfurt (Scale), Hamburg, Munich, Stuttgart, Tradegate Exchange|
|EQS News ID:||1424525|
|End of Announcement||DGAP News Service|
1424525 19-Aug-2022 CET/CEST