Catenae Innovation Plc: Placing, Appointment Of Joint Broker, Issue Of Warrants And Related Party Transaction
27 Febrero 2019 - 01:00AM
UK Regulatory
TIDMCTEA
CATENAE INNOVATION PLC
("Catenae" or the "Company")
Placing, Appointment of Joint Broker,
Issue of Warrants and Related Party Transaction
Catenae (AIM: CTEA), the AIM-quoted provider of digital media and
technology, is pleased to announce a placing and subscription for a
total of 575,000,000 new ordinary shares of 0.10 pence per share in the
Company at a price of 0.10 pence per share ("Placing Shares") for gross
proceeds of GBP575,000 ("the Placing").
The Placing Shares have been issued at the prevailing market mid-price
and the Placing includes further investment from an existing
institutional investor to maintain its percentage holding.
Certain directors and senior managers have participated in the Placing,
which is a related party transaction, further details of which is set
out below.
Issue of Warrants
The Company is also issuing one warrant for every one Placing Share
issued at an exercise price of 0.125p which may be exercised up to three
years from the date of issue. If exercised, the warrant holder will be
entitled to receive a further warrant exercisable at 0.15p which may be
exercised for a further two-year period (together, the "Placing
Warrants").
The Placing Warrants will not be listed and will be part-issued
(approximately 50 per cent.) on Admission of the Placing Shares and part
subject to approval of authorities being granted at an Extraordinary
General Meeting, notice of which is provided supplementary to this
statement.
Appointment of Joint Broker
The Company is pleased to announce that Turner Pope Investments Limited
("TPI") has been appointed Joint Broker with immediate effect.
The Placing was undertaken by TPI which has agreed to receive the
majority of their broking fee in shares at the Placing Price and,
accordingly, a further 20,000,000 ordinary shares ("Fee Shares") will be
issued.
Admission
Application will be made for the 595,000,000 new ordinary shares to be
admitted to trading on AIM, which is expected to occur on or around 5
March 2019. The 595,000,000 new ordinary shares will rank pari passu
with the existing ordinary shares of Catenae.
Following Admission of the Placing Shares and Fee Shares, the Company
will have in issue 3,173,601,652 ordinary shares with voting rights. The
Company holds 83,333,332 ordinary shares in treasury. The above figure
of 3,173,601,652 may be used by shareholders as the denominator for the
calculations by which they will determine if they are required to notify
their interest in, or a change to their interest in, the Company under
the Disclosure and Transparency Rules.
Related Party Transaction
Number of ordinary
Number of shares shares held
subscribed for in following the
Name Title the Placing Placing
-------------- -------------------- ------------------- -------------------
Tony Sanders Director 75,000,000 107,287,499
-------------- -------------------- ------------------- -------------------
Guy Meyer Director 15,000,000 110,458,292
-------------- -------------------- ------------------- -------------------
Chief Technology
Alan Simpson Officer 10,000,000 26,667,667
-------------- -------------------- ------------------- -------------------
Chief Financial
John Farthing Officer 10,000,000 18,333,334
-------------- -------------------- ------------------- -------------------
Total 110,000,000 262,746,792
------------------------------------ ------------------- -------------------
The issue of shares to Tony Sanders, Guy Meyer, Alan Simpson and John
Farthing is a related party transaction pursuant to AIM Rule 13 (the
"Transaction"). Kevin Everett, a director of the Company who is
independent of the Transaction, having consulted with Cairn Financial
Advisers LLP, the Company's nominated adviser, believes that the terms
of the transaction are fair and reasonable insofar as shareholders are
concerned.
Tony Sanders -- CEO
"We are pleased to receive this additional support at an important time
for the Company's development strategy and Catenae will invest a
substantial proportion of the Placing funds in sales and marketing
initiatives to help secure existing opportunities and develop the sales
pipeline."
This announcement contains inside information for the purposes of
Article 7 of EU Regulation 596/2014. The person who arranged for release
of this announcement on behalf of the Company was Tony Sanders (Chief
Executive Officer).
For further information:
Catenae Innovation Plc Tel: 020 7929 7826
Tony Sanders
Cairn Financial Advisers LLP, Nominated Adviser Tel: 020 7213 0880
Liam Murray / Jo Turner
Tel: 020 7448 9820
Alexander David Securities Limited, Joint Broker
David Scott / James Dewhurst
Tel: 020 3621 4120
Turner Pope Investments Limited, Joint Broker
Andy Thacker
Notification of a Transaction pursuant to Article
19(1) of Regulation (EU) No. 596/2014
--------------------------------------------------------------------------------------------------------------------
1 Details of the person discharging managerial responsibilities/person
closely associated
----------------------------------------------------------------------------------------------------------------
a. Name
1. Tony Sanders
2. Guy Meyer
3. Alan Simpson
4. John Farthing
----------------------------------------------------------- ---------------------------------------------------
2 Reason for notification
----------------------------------------------------------- ---------------------------------------------------
a. Position/Status
1. Director
2. Director
3. Chief Technology Officer
4. Chief Financial Officer
----------------------------------------------------------- ---------------------------------------------------
b. Initial notification/ Initial notification
Amendment
----------------------------------------------------------- ---------------------------------------------------
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
----------------------------------------------------------------------------------------------------------------
a. Name Catenae Innovation plc
----------------------------------------------------------- ---------------------------------------------------
b. LEI 2138007I2D8YWPMSP544
----------------------------------------------------------- ---------------------------------------------------
4 Details of the transaction(s): section to be repeated
for (i) each type of instrument; (ii) each type of
transaction; (iii) each date; and (iv) each place
where transactions have been conducted
----------------------------------------------------------------------------------------------------------------
a. Description of the financial instrument, type of instrument
Identification Code Ordinary shares of 0.10 pence per share
ISIN: GB0033127910
----------------------------------------------------------- ---------------------------------------------------
b. Nature of the transaction Issue of shares in the Placing
----------------------------------------------------------- ---------------------------------------------------
Price(s) per Volume(s)
share
----------------- -----------------------
0.10p a) 75,000,000
b) 15,000,000
c) 10,000,000
d) 10,000,000
----------------- -----------------------
c. Price(s) and volume(s)
----------------------------------------------------------- ---------------------------------------------------
d. Aggregated information
- Aggregated Volume 110,000,000
- Price 0.10p
----------------------------------------------------------- ---------------------------------------------------
e. Date of the transaction 27 February 2019
----------------------------------------------------------- ---------------------------------------------------
f. Place of the transaction AIM, London Stock Exchange
----------------------------------------------------------- ---------------------------------------------------
(END) Dow Jones Newswires
February 27, 2019 02:00 ET (07:00 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
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