cyan AG: Implementation of capital increase through contributions in kind resolved
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EQS-Ad-hoc: cyan AG / Key word(s): Capital Increase Ad hoc announcement NOT FOR PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES OF AMERICA, AUSTRALIA, CANADA OR JAPAN OR IN OR INTO ANY OTHER JURISDICTION WHERE SUCH PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL. FURTHER RESTRICTIONS APPLY. cyan AG: Implementation of capital increase through contributions in kind resolved Munich, February 8, 2023 - Munich, February 8, 2023 - The Executive Board of cyan AG, with the consent of the Company's Supervisory Board, today entered into an agreement with two of the Company's creditors under which their joint receivables in the amount of € 3,045,804.96 will be contributed to the Company as part of a capital increase against contributions in kind in exchange for 934,296 shares each to both creditors. The Company therefore intends to increase the nominal capital by € 1,868,592.00 from € 17,016,800.00 to € 18,885,392.00 by issuing 1,868,592 shares at an issue price of € 1.63 against a contribution in kind. Shareholders' subscription rights are excluded. The capital increase against contributions in kind is to be implemented in a timely manner. Person making the notification: Frank von Seth, CEO
Information and Explanation of the Issuer to this announcement: About cyan 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: cyan AG Tel. +49 89 71042 2073 E-mail: ir@cyansecurity.com
cyan AG Press Contact: Better Orange IR & HV AG Tel. +49 89 88 96 906 17 E-mail: vera.mueller@better-orange.de
08-Feb-2023 CET/CEST The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. |
| Language: | English |
| Company: | cyan AG |
| Theatinerstraße 11 | |
| 80333 Munich | |
| Germany | |
| Internet: | www.cyansecurity.com |
| ISIN: | DE000A2E4SV8 |
| WKN: | A2E4SV |
| Listed: | Regulated Unofficial Market in Berlin, Dusseldorf, Frankfurt (Scale), Hamburg, Munich, Stuttgart, Tradegate Exchange |
| EQS News ID: | 1555357 |
| End of Announcement | EQS News Service |
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1555357 08-Feb-2023 CET/CEST
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