28.03.2018
cyan AG DE000A2E4SV8
DGAP-News: 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
DGAP-News: cyan AG / Key word(s): IPO/Contract
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
28.03.2018 / 08:00
The issuer is solely responsible for the content of this announcement.
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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.
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28.03.2018 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.
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 Dusseldorf, Frankfurt
(Scale), Tradegate Exchange
End of News DGAP News Service
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669591 28.03.2018
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