cyan AG: Implementation of a capital increase resolved
cyan AG: Implementation of a capital increase resolved Munich, October 11, 2018 - The Executive Board of cyan AG today decided, with the approval of the Supervisory Board, to make partial use of the existing authorized capital and to increase the share capital of the company from EUR 8,394,923.00 by up to EUR 370,000.00 to up to EUR 8,764,923.00 by issuing up to 370,000 new no-par value shares against cash contributions under exclusion of shareholders' subscription rights. The new shares are entitled to dividends as of January 1, 2018. The new shares were offered for subscription to the Joint Bookrunners Hauck & Aufhäuser Privatbankiers Aktiengesellschaft, Frankfurt am Main, and MainFirst Bank AG, Frankfurt am Main with the obligation to offer the new shares to institutional investors for purchase in a private placement. The exact number of shares to be issued and the placement price will be determined by the Management Board after completion of an accelerated bookbuilding process to be carried out by the Joint Bookrunners. The proceeds from the placement will be used to repay existing third-party liabilities that the company assumed when it acquired a majority interest in I-New Unified Mobile Solutions AG.
Press Contact Frank Ostermair Better Orange IR & HV AG Tel. +49 89 88 96 906 14 email@example.com Investor Contact cyan AG Florian Rukover, Head of IRflorian.firstname.lastname@example.org
Information and Explanation of the Issuer to this News:
cyan is a leading European provider of intelligent, white labeled IT security solutions with more than 25 years of experience in the area of IT security. cyan's holding company is based in Munich, Germany. The main business areas of the company are mobile security solutions for the end customers of mobile network operators and fixed line internet service providers (MNO, ISP), mobile virtual network operators (MVNO), the insurance and financial services sector and government institutions. cyan's solutions can easily be integrated into the existing infrastructure of business partners and introduced to the market via a revenue share model. In addition, data protection is assured through full integration into the customer's own network environment.
cyan operates its own research and development center and maintains close links to universities, international research institutes, security, financial and social organizations. This close collaboration ensures the early recognition of trends and technical developments for integration into cyan's products.Further information is available at www.cyansecurity.comImportant Notice This announcement does not contain or constitute an offer to sell nor a solicitation to buy or subscribe for securities. This announcement is not a prospectus. Interested investors should make their investment decision with regard to the securities mentioned in this announcement solely on the basis of the information contained in the securities prospectus prepared by the Company in connection with the public offering of these securities (including any supplements thereto). Copies of such prospectus will, are available free of charge at the offices of cyan AG, Munich, Germany, as well as, for viewing in electronic form, on the websites of the Frankfurt Stock Exchange (http://www.boerse-frankfurt.de) and the Company. This announcement is not an offer of securities for sale in the United States of America (the 'United States'). Securities may not be offered or sold in the United States absent registration or an exemption from registration under the U.S. Securities Act of 1933, as amended (the 'Securities Act'). In the United Kingdom, this information is directed at and/or for distribution only to (i) investment professionals falling within article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005, as amended (the 'Order'), or (ii) high net worth companies falling within article 49(2)(a) to (d) of the Order (all such persons are collectively referred to herein as 'relevant persons'). The securities are only available to, and any invitation, offer or agreement to subscribe, purchase or otherwise acquire such securities will be engaged in only with, relevant persons. Any person who is not a relevant person should not act or rely on this information or any of its contents. Subject to certain exceptions under the Securities Act, the securities referred to herein may not be offered or sold in Australia, Canada or Japan or to, or for the account or benefit of, any national, resident or citizen of Australia, Canada or Japan.
11-Oct-2018 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.deLanguage: English Company: cyan AG Friedrich-Herschel-Strasse 5 80679 Munich
Germany Internet: www.cyansecurity.com ISIN: DE000A2E4SV8 WKN: A2E4SV Listed: Regulated Unofficial Market in Berlin, Dusseldorf, Frankfurt (Scale), Stuttgart, Tradegate Exchange End of Announcement DGAP News Service
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