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cyan AG: Alexander Schütz resigns from the Supervisory Board

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cyan AG / Key word(s): Personnel
cyan AG: Alexander Schütz resigns from the Supervisory Board

28-Dec-2021 / 13:19 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

cyan AG: Alexander Schütz resigns from the Supervisory Board

Munich, December 28, 2021 - cyan AG (ISIN: DE000A2E4SV8) announces that the Chairman of the Supervisory Board, Gerd Alexander Schütz, has today resigned from his position as Chairman and member of the Supervisory Board for personal reasons, effective at the end of December 31, 2021. It is intended that the current Deputy Chairman of the Supervisory Board, Stefan Schütze, will be elected as the new Chairman of the Supervisory Board.

With the resignation of Alexander Schütz, the Supervisory Board temporarily consists of four members. A replacement is to be appointed in the near future. Alexander Schütz will remain with the Company as one of its long-standing investors.

Information and Explanation of the Issuer to this News:

About cyan

cyan AG (XETR: CYR) is a leading, globally active provider of intelligent cyber security solutions and platforms (BSS/OSS) for telecom companies with more than 15 years of experience in the IT industry. The company's main business areas are IT security solutions for end customers of mobile and fixed network internet providers (MNO, ISP), mobile virtual network operators (MVNO) and financial service providers. The solutions provided by cyan are integrated as white label product into the infrastructure of the business partners, who then offer them to their end customers in a B2B2C model, under their own brand.

Today the group has numerous international customers, through which cyan's products are distributed to end customers. In the process cyan can offer a range of solutions along the entire value chain from platform, data optimization to cybersecurity. In addition, cyan operates its own research & development center with the aim of identifying industry trends at an early stage and developing optimal product solutions. Besides Orange, cyan's customers include among others Claro Chile (América Móvil Group) as well as the telecom group Magenta (T-Mobile).

Further information is available at www.cyansecurity.com.

cyan AG Investor Relations:

cyan AG
Tel. +49 89 71042 2073
E-Mail: ir@cyansecurity.com

28-Dec-2021 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de

Language:

English

Company:

cyan AG

Theatinerstraße 11

80333 Munich

Germany

Internet:

www.cyansecurity.com

ISIN:

DE000A2E4SV8

WKN:

A2E4SV

Listed:

Regulated Unofficial Market in Berlin, Dusseldorf, Frankfurt (Scale), Hamburg, Munich, Stuttgart, Tradegate Exchange

EQS News ID:

1262864


 

End of Announcement

DGAP News Service

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