TIDMCTEA
RNS Number : 0593S
Catenae Innovation PLC
07 March 2023
7 March 2023
Catenae Innovation PLC
("Catenae", the "Company" or the "Group")
Change of Accounting Reference Date
Catenae Innovation PLC (AIM: CTEA), the AIM quoted provider of
digital media and technology, announces that it will be changing
its accounting reference date from 30 September to 31 December.
Accordingly, in the current year Catenae anticipates it will
publish audited financial accounts for the 15 month period to 31
December 2022 by no later than 31 March 2023.
Unaudited Financial Position as at 31 December 2022
For the 15 month period ended 31 December 2022, the Company's
consolidated unaudited full year results recorded a l oss of
GBP523,497 (12 month period ended 30 September 2021: loss of
GBP1,246,948) with revenues of GBP152,437 (12 month period ended 30
September 2021: GBP30,210).
The Company's consolidated unaudited net asset position was
GBP(118,297) (12 month period ended 30 September 2021: GBP381,926).
As at 31 December 2022, the Company had consolidated cash resources
of GBP65,443 (30 September 2021: GBP605,082).
Change of Accounting Reference Date
The Company proposes to change its accounting reference date
from 30 September to 31 December. As a result, Catenae's subsequent
three financial reporting events will be as follows:
-- Publication of full year results and audited annual report
and accounts for the 15 month period ended 31 December 2022 by no
later than 31 March 2023
-- Publication of unaudited interim results for the six months
ending 30 June 2023 by no later than 30 September 2023
-- Publication of full year results and audited annual report
and accounts for the 12 months ending 31 December 2023 by no later
than 30 June 2024
Guy Meyer, Chief Executive Officer of Catenae, said:
"The Company continues to pursue business opportunities
following receipt of the GBP56,940 payment in February 2023. Also,
the Company has not drawn down any funds under the convertible loan
facility with Sanderson Capital Partners Ltd. referred to in the
Company's interims announcement of 30 September 2022, as we spend
funds solely focused on where the Board discerns the best
probability of profitable returns."
"We look forward to keeping the market updated on further
progress."
This announcement contains inside information for the purposes
of the UK Market Abuse Regulation. The person who arranged for
release of this announcement on behalf of the Company was Guy
Meyer, Chief Executive Officer of the Company and the Directors of
the Company are responsible for the release of this
announcement.
For further information please contact:
+44 (0)191 580
Catenae Innovation PLC 8545
Guy Meyer, Chief Executive Officer
Cairn Financial Advisers LLP (Nominated Adviser) +44(0)20 7213 0880
Liam Murray / Jo Turner
+44 (0)20 7186
Shard Capital Partners LLP (Broker) 9952
Damon Heath
+44 (0)20 3004
Yellow Jersey PR (PR & IR) 9512
Sarah Hollins
Notes to Editors:
About Catenae Innovation PLC
Catenae Innovation is an AIM quoted provider of digital media
and technology services. The Company specialises in Distributed
Ledger Technology solutions that solve commercial challenges and
create opportunities for its clients. The Company has an
experienced IT team of project managers and integrators who have
deployed systems across corporate, government and educational
sectors.
www.catenaeinnovation.com
Caution regarding forward looking statements
Certain statements in this announcement, are, or may be deemed
to be, forward looking statements. Forward looking statements are
identi ed by their use of terms and phrases such as "believe",
"could", "should" "envisage", "estimate", "intend", "may", "plan",
"potentially", "expect", "will" or the negative of those,
variations or comparable expressions, including references to
assumptions. These forward looking statements are not based on
historical facts but rather on the Directors' current expectations
and assumptions regarding the Company's future growth, results of
operations, performance, future capital and other expenditures
(including the amount, nature and sources of funding thereof),
competitive advantages, business prospects and opportunities. Such
forward looking statements re ect the Directors' current beliefs
and assumptions and are based on information currently available to
the Directors.
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END
NARFLFLDVIIRIIV
(END) Dow Jones Newswires
March 07, 2023 02:00 ET (07:00 GMT)
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