DGAP-News: cyan AG / Key word(s): Transaction in Own Shares
cyan AG: alex schütz familienstiftung reports shareholding of 935,000 shares
Munich, February 17, 2021 - In a notification dated February 15, 2021, Infinitum Ltd. informed cyan AG of the sale of 250,000 shares with an equivalent value of 3,250,000 euros. Infinitum Ltd. is a legal entity closely related to Alex Schütz, anchor shareholder and, since mid-January 2021, also Chairman of the Supervisory Board of cyan AG.
The alex schütz familienstiftung, which also has a close relationship with Alex Schütz and was established by him, has built its stake in cyan AG in the last year and currently holds 935,000 shares.
Alex Schütz, who currently holds 950,000 cyan AG shares privately: "I am convinced of the growth prospects and the outstanding market position of cyan AG and plan to support the company as a significant shareholder also in the future."
Today, the group of companies has more than 50 international customers, through which cyan products are sold to approximately 50 million end customers. cyan can offer products along the entire value chain from platform, data optimization to cyber security. In addition, cyan operates its own Research & Development Centre with the aim of identifying trends in the industry at an early stage and developing optimal product solutions. In December 2018, cyan was able to win a global group contract with Orange in an international tendering process. cyan's cooperation partners include the world's leading insurance broker Aon or Magenta Telekom.
Further information is available at www.cyansecurity.com
17.02.2021 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
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