CyanConnode outlines timetable for Esyasoft takeover and AIM delisting

CyanConnode Holdings PLC (LSE:CYAN) has set out the formal timetable for its recommended all-cash acquisition by Esyasoft Technologies UK Limited, moving the proposed transaction towards shareholder votes and completion.

The acquisition is being structured through a court-sanctioned scheme of arrangement under the UK Companies Act. CyanConnode shareholders are scheduled to vote on the proposal at a Court Meeting and General Meeting on 3 September 2026, with the required approval thresholds needing to be met for the deal to advance.

Provided shareholders approve the transaction, all remaining conditions are satisfied and the scheme receives court sanction, the acquisition is expected to become effective on 14 September 2026.

Following completion, trading in CyanConnode shares is expected to be suspended before the company’s admission to AIM is cancelled. The transaction will result in CyanConnode becoming a privately held business within the Esyasoft group.

The acquisition represents a significant strategic step for both companies, bringing CyanConnode’s smart metering communications technology into Esyasoft’s wider energy and utilities technology operations. The combination is expected to strengthen Esyasoft’s presence in smart metering and digital utility infrastructure.

For CyanConnode shareholders, completion of the cash transaction will mark the end of the company’s period as a publicly traded AIM business, with existing public market liquidity ceasing once the delisting takes effect.

More about CyanConnode Holdings

CyanConnode Holdings PLC operates in the smart metering and Internet of Things communications market, specialising in radio frequency mesh networking technology and associated software.

Its solutions support utilities and smart city infrastructure, including large-scale advanced metering projects and communications networks designed to enable smart grid and energy management applications in the UK and international markets.

Esyasoft Technologies UK Limited is wholly owned by Esyasoft Holding Limited, an energy and utilities technology group focused on smart metering and digital utility platforms. The acquisition of CyanConnode is intended to expand the group’s capabilities and presence across smart communications infrastructure and related services.