cyan AG: Management team exercises stock options buys significant stake in cyan AG

cyan AG: Management team exercises stock options buys significant stake in cyan AG

DGAP-News: cyan AG / Key word(s): Investment

05.06.2019 / 08:30
The issuer is solely responsible for the content of this announcement.

cyan AG: Management team exercises stock options and buys significant stake in cyan AG

– Pre-IPO cornerstone investors and Management Board agree on a 12-month-lock-up with the company

– Voluntary quarterly reporting according to IFRS starts Q3/2019

– Listing in the Prime Standard of the Frankfurt Stock Exchange planned for 2020

Munich / 05 June 2019. cyan AG’s Management Board consisting of Peter Arnoth, Markus Cserna and Michael Sieghart exercised options for a total of 8.7% of the shares in cyan AG. The transfer in rem is to take place within the next 14 days. These options had been granted to the Management Board members by the pre-IPO cornerstone investors prior to the IPO.

In addition, these pre-IPO cornerstone investors, namely Gerd Alexander Schütz, Apeiron Investment Group Ltd., the Tansanit Foundation and Infinitum Ltd. have now entered into a new lock-up agreement with the company prohibiting them from selling shares for the next 12 months without the prior consent of the company. The Management Board team has signed an identical lock-up agreement for the new shares to be acquired. Authorization for sale requires the approval of the Supervisory Board in each case.

Following a capital increase in October 2018 and a replacement in March 2019, the current shareholder structure is as follows:

Gerd Alexander Schütz: 1,437,213; 16.2%
Apeiron Investment Group Ltd.: 1,289,901; 14.5%
Tansanit Stiftung: 1,003,831; 11.3%
Infinitum Ltd.: 97,491; 1.1%
Peter Arnoth: 337,249; 3.8%
Markus Cserna: 337,249; 3.8%
Michael Sieghart: 101,174; 1.1%
Free float: 4,281,836; 48.2%

cyan AG will present its voluntarily prepared IFRS consolidated financial statements 2018 latest at the Annual General Meeting to be held on 3 July 2019. From now on, all reporting will be done in accordance with IFRS and at consolidated group level. As of Q3/2019, cyan will report quarterly. For 2020, cyan plans an uplisting into the Prime Standard of the Frankfurt Stock Exchange.

Peter Arnoth: “2019 is on course to be the best year in cyan’s history by far, and the outlook for the years to come is also stellar. Our roll out for our client Orange is at full steam, and various new clients are in the closing process. I am very grateful that my colleagues and I got the opportunity to become significant shareholders in cyan, and that our core investors are committed to our long term growth strategy.”

About cyan:
cyan is a leading European provider of intelligent, white labeled IT security solutions with more than 15 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. With the acquisition of I-New in July 2018, cyan became a one-stop solution for MVNOs worldwide. Today, the group has more than 40 international MVNOs with around 5.5 million end consumers among its contractual partners. 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. In December 2018 cyan has concluded a global group contract with Orange for its cyber-security solutions.

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

Investor Contact
Florian Rukover, Head of IR
cyan AG
[email protected]

Press Contact
Frank Ostermair
Better Orange IR & HV AG
Tel. +49 89 88 96 906 14
[email protected]

05.06.2019 Dissemination of a Corporate News, transmitted by DGAP – a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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