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
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%
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.”
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.com
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