cyan AG successfully completes virtual Annual General Meeting

– All agenda items approved

– Reinforcement of the Supervisory Board by election of Trevor Traina and Alexandra Reich

– Stock option program resolved

Munich, June 24, 2021 – The Executive Board and Supervisory Board of cyan AG received strong approval from shareholders at the virtual Annual General Meeting. All agenda items up for resolution were accepted with a clear majority. A total of 67.85% percent of the registered share capital was represented.

In addition to the discharge of the Executive Board and Supervisory Board and the election of the auditor, the Annual General Meeting approved the creation of new authorized and conditional capital with a simultaneous reduction of the existing authorizations. Approval was also given for the issue of convertible bonds and/or bonds with warrants and the granting of subscription rights under the Stock Option Program 2021. The performance targets for this are a share price of € 40.00 and € 150.00.

In addition, changes in the supervisory body were resolved. Alexander Schütz was elected to the Supervisory Board by the Annual General Meeting. This confirmed the judicial appointment that had already been made following the departure of Volker Rofalski on December 31, 2020. In addition, an amendment to the Articles of Association was adopted to expand the Supervisory Board from three to five members. This expansion will only become effective upon entry in the Company’s commercial register. Alexandra Reich and Trevor Traina were newly elected to the Supervisory Board.

Frank von Seth, CEO of cyan AG: “We are delighted to welcome such experienced and successful business personalities as Alexandra Reich and Trevor Traina to the Supervisory Board alongside Alexander Schütz and the existing Supervisory Board members. The entire Executive Board of cyan AG is very much looking forward to the future cooperation. We are convinced that together we will leverage the great potential of our company.”

The voting results of the 2021 Annual General Meeting can be viewed at https://ir.cyansecurity.com/publications/.

About cyan

cyan AG 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 more than 50 international customers, through which cyan’s products are distributed to more than 60 million end customers. In the process cyan can offer a range of solutions along the entire value chain from platform, data optimization to cyber security. 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. In December 2018, cyan won a global group contract with Orange as a result of an international tender process. Besides Orange, cyan’s customers include among others the world’s leading insurance broker Aon as well as the telecom group Magenta (T-Mobile). Further information is available at www.cyansecurity.com.

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