23.03.2018
cyan AG DE000A2E4SV8
DGAP-Adhoc: cyan AG: IPO issue price set at EUR 23.00 per share
DGAP-Ad-hoc: cyan AG / Key word(s): IPO
cyan AG: IPO issue price set at EUR 23.00 per share
23-March-2018 / 18:35 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation
(EU) No 596/2014, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
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Insider information pursuant to Section 17 MAR (Ad Hoc Notification)
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.
cyan AG: IPO issue price set at EUR 23.00 per share
Munich, March 23, 2018 - cyan AG, a European provider of intelligent, white
labeled IT security solutions for mobile and fixed line network operators,
internet services, and the financial sector, as well as their respective end
customers, has set the issue price for its IPO at EUR 23.00 per share. The
price is thus at the upper end of the previously announced range of EUR20.00
to EUR23.00 per share. At the set placement price, the cyan AG IPO was 2.7
times subscribed.
In all, the cyan AG flotation comprises a placement of 1,200,000 shares from
a capital increase, plus an additional allocation ("greenshoe option") of a
further 180,000 shares to be created from an as yet still to be exercised
capital increase from the company's approved capital. All 1,380,000 of the
shares offered to investors have been placed. The total placement volume,
inclusive of the greenshoe option, thus amounts to some EUR 31.7 million.
The proceeds from the IPO will primarily serve to finance the full
acquisition of Cyan Security Group GmbH, which acts as a holding for the
operational units of the cyan Group, and in which cyan AG currently owns a
stake of 51 per cent.
Additionally, the proceeds from the share offering shall also be used to
realize organic and external growth potentials designed to strengthen the
competitive position of cyan AG in the European market.
Trading in cyan AG shares is expected to commence on the Frankfurt Stock
Exchange's Scale segment on March 28, 2018. Shares have been assigned ISIN
DE000A2E4SV8 and German securities identification code (WKN) A2E4SV.
### End of Ad Hoc Notification ###
Hauck & Aufhäuser Privatbankiers Aktiengesellschaft and MAINFIRST BANK AG
are acting as joint IPO bookrunners.
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 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.
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23-March-2018 CET/CEST The DGAP Distribution Services include Regulatory
Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de
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Language: English
Company: cyan AG
Friedrich-Herschel-Strasse 5
80679 Munich
Germany
Internet: www.cyansecurity.com
ISIN: DE000A2E4SV8
WKN: A2E4SV
Listed: Regulated Unofficial Market in Frankfurt (Scale)
End of Announcement DGAP News Service
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668341 23-March-2018 CET/CEST
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