CyanConnode Holdings said its shareholders approved the all-cash acquisition of Esyasoft Technologies UK through a court-sanctioned scheme of arrangement. The vote, conducted at a July 31 meeting, passed with 96.77% support based on 257.1 million shares, representing 96% of votes cast.
The transaction, valued at approximately £48.5 million, covers all 359.0 million issued CyanConnode shares. Of the 62 eligible Scheme Shareholders, 60 voted in favor, 13 opposed, and the votes represented 74.6% of eligible Scheme Shares. A separate general meeting endorsed the scheme with 96.02% approval, totaling 256.3 million shares.
The acquisition remains subject to court sanction at a September 10 hearing. If approved, CyanConnode’s shares are expected to be suspended from trading on AIM at 7:30 a.m. on September 14, with cancellation of admission slated for 7:00 a.m. the following day. The long stop date for completion is set for January 29, 2027.
