cyan AG: cyan AG to debut on Frankfurt Stock Exchange on March 28: Full acquisition of Cyan Security Group completed – Contract with new partner in Brazil

cyan AG to debut on Frankfurt Stock Exchange on March 28: Full acquisition of Cyan Security Group completed – Contract with new partner in Brazil

NOT FOR RELEASE OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, AUSTRALIA, CANADA OR JAPAN OR ANY OTHER JURISDICTION IN WHICH SUCH RELEASE OR DISTRIBUTION WOULD BE UNLAWFUL. OTHER RESTRICTIONS ARE APPLICABLE. PLEASE SEE THE IMPORTANT NOTICE AT THE END OF THIS ANNOUNCEMENT.
 

• Shares in cyan AG (ISIN DE000A2E4SV8 / WKN A2E4SV / Ticker CYR:GY) to be traded from March 28, 2018, on the Frankfurt Stock Exchange’s Scale segment
• cyan AG has used proceeds from the flotation, as planned, to fund acquisition of the remaining 49 per cent stake in Cyan Security Group
• New contractual partner Surf Telecom in Brazil highlights strong cyan project pipeline
• First I-New client, Flash Telecom in Mexico, goes live with cyan solution

Munich / March 28, 2018. Shares in cyan AG (ISIN DE000A2E4SV8 / WKN A2E4SV / Ticker CYR:GY), a leading European provider of intelligent, white labeled IT security solutions, have been listed to trade today on the Frankfurt Stock Exchange’s Scale segment. The commencement of trade in the shares follows a very successful placement phase, at the end of which 1.38 million shares (incl. Greenshoe) were placed at the upper end of the price range at EUR23.00 per share. All of the shares offered stem from an increase in capital, thus the company has received proceeds of some EUR31.7 million.

As planned, cyan has used part of the proceeds to fund the full acquisition of Cyan Security Group GmbH, which acts as a holding for the operational units of the cyan Group. Thus, cyan AG now owns 100 percent in all operating entities in the group. The remaining proceeds from the share offering shall chiefly be used to realize organic and external growth potentials designed to strengthen the competitive position of cyan AG.

Furthermore, with Surf Telecom of Brazil, cyan AG has gained another new high-profile contractual partner for its solutions. Surf Telecom is the fastest growing mobile virtual network operator (“MVNO”) in Brazil. Its services are distributed through Brazil’s postal service and the company currently serves more than 700,000 customers. Surf Telecom addresses a market in Brazil that comprises more than 200 million mobile phone users.

Just a few weeks ago, in early March 2018, cyan announced that it had signed a deal with I-New Unified Mobile Solutions (“I-New”), a leading supplier of MVNO platforms whose clients include prestigious corporates such as Media Markt Mobil and Saturn Mobil in Austria, and Virgin Mobile in Colombia, Chile, Mexico, and Peru. The cyan solution is to be integrated into more than 20 existing client installations (MNVOs) of I-New, which caters to the needs of more than five million mobile network users worldwide. The first I-New client, Flash Telecom in Mexico, will go live with cyan’s solutions in the coming days.

Peter Arnoth, CEO of cyan, stated: “The successful IPO marks a major milestone in the evolution of our company. The significant new contractual deals recently concluded with business partners around the world show that our company’s solutions continue to make advances in a competitive market. We are confident that we shall be announcing more new customer relationships in the course of 2018, thus serving to accelerate growth still further.”
 

About cyan AG

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. Further information is available at www.cyansecurity.com.

cyan operates its own research and development center and maintains close links to universities, international research institutes, security organizations, financial institutions 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.com

Press Contact

Charles Barker Corporate Communications GmbH

Tobias Eberle / Thomas Katzensteiner

Tel. +49 69 79 40 90 24 /+49 69 79 40 90 25

[email protected]

[email protected]
 

Investor Contact

cyan AG

Michael Sieghart, CFO

Tel. +43 (1) 33 66 9110

[email protected]

Important 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. Potential investors should not purchase or subscribe for any securities referred to in this announcement except on the basis of the information contained in the prospectus to be issued by the Company in connection with the public offering of such securities (including any supplements thereto). Copies of such prospectus will, following approval by the German federal financial supervisory agency (Bundesanstalt für Finanzdienstleistungsaufsicht – BaFin) and publication, be 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”). Any public offering of securities to be made in the United States would be made by means of a prospectus that could be obtained from the Company and that would contain detailed information about the Company and its management, as well as the financial statements of the Company. There will be no public offer of the securities in the United States.

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.

Some of the information in this announcement may contain projections or other forward-looking statements regarding future events or the future financial performance of the Company. You can identify forward looking statements by terms such as “expect,” “believe,” “anticipate,” “estimate,” “intend,” “will,” “could,” “may” or “might,” or, in each case, the negative of such terms or other similar expressions. We wish to caution you that these statements are only predictions and that actual events or results may differ materially. We do not intend to update these statements to reflect events and circumstances occurring after the date hereof or to reflect the occurrence of unanticipated events. Many factors could cause the actual results to differ materially from those contained in our projections or forward-looking statements, including, among others, general economic conditions, our competitive environment, risks associated with our industry, as well as many other risks specifically related to the Company and its operations.