CyanConnode Holdings PLC announced that shareholders have approved its proposed acquisition by Esyasoft Holding Limited. The deal, an all‑cash offer for all issued and to be issued ordinary shares, is being executed through a court‑sanctioned scheme of arrangement under Part 26 of the Companies Act 2006.
At the court meeting on 3 September 2026, 96.77% of voting scheme shareholders supported the resolution, representing 257.1 million shares, or 96% of the scheme shares voted. Sixty of the 62 participating scheme shareholders voted in favour, with 13 voting against, covering 74.60% of eligible scheme shares.
The subsequent general meeting on the same day saw 96.02% of votes cast in favour, amounting to 256.34 million shares, while 1.53 million votes were withheld. The total share capital of CyanConnode at the time was 359.04 million shares, with no treasury holdings.
The scheme documents were published on 10 August 2026, and the acquisition remains conditional on court sanction and other terms detailed in the document. If approved, the transaction is expected to become effective on 14 September 2026, subject to a trading suspension at 7:30 a.m. and cancellation of AIM admission on 15 September. The long stop date for completion is 29 January 2027.
