CyanConnode receives additional shareholder support for Esyasoft bid

London - CyanConnode Holdings PLC received an additional irrevocable commitment from shareholder Michael Tresize, covering 21,814,000 shares or 6.08% of the company's issued share capital, according to a press release. This brings the total irrevocable commitments to 115,267,221 shares, or 32.10% of CyanConnode's ordinary share capital.

Esyasoft Technologies UK Limited recommended a cash acquisition for CyanConnode on July 31, 2026. The acquisition is a Court-approved scheme of arrangement under the Companies Act 2006, with scheme documents published on August 10, 2026. Notices for a Court Meeting and General Meeting were set for September 3, 2026. Tresize's undertaking obliges him to vote in favor of the scheme at the Court Meeting and the resolution at the General Meeting, but it would expire if certain conditions are met, such as another party making a stronger offer. The undertaking is available on both companies' websites until the offer period ends.