CTEA Catenae Innovation Plc

TIDMCTEA

RNS Number : 8176P

Catenae Innovation PLC

12 June 2020

12 June 2020

Catenae Innovation PLC

("Catenae", or the "Company")

Issue of Equity

Catenae Innovation PLC (AIM: CTEA), the AIM quoted provider of digital media and technology, today announces that it has issued 37,500,000 new ordinary shares at a price of 2p per share ("Placing").

35,150,000 new ordinary shares have been issued for cash, providing the Company with proceeds of GBP703,000, a further 2,350,000 new ordinary shares have been issued to settle liabilities of GBP47,000.

The Placing has been conducted through Brandon Hill Capital Limited, the Company's broker.

The proceeds of the Placing will provide the Company with additional working capital headroom to progress its activities.

Application will be made to the London Stock Exchange to admit the 37,500,000 new ordinary shares to trading on AIM. Admission of the new ordinary shares is expected to occur on or around 18 June 2020. The new ordinary shares will rank pari passu with the existing ordinary shares.

For the purpose of the Disclosure and Transparency Rules, following the issue of shares detailed above the enlarged issued share capital of the Company will comprise 203,410,407 ordinary shares of 0.2p each. The above figure 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.

Guy Meyer, Interim Chief Executive Officer of Catenae, said:

"I would like to take this opportunity to thank existing investors for their support of the Company and to welcome the new shareholders who have joined Catenae.

"The fundraising underpins the Board's strategy to strengthen the balance sheet and provide the Company with the resource to execute on our plans.

"The Board is excited by the Company's prospects and looks forward to creating long-term value for all our stakeholders."

- Ends -

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 Guy Meyer, Interim Chief Executive Officer of the Company.

For further information please contact:

 
                                                         +44 (0)191 580 
 Catenae Innovation PLC                                            8545 
 Guy Meyer, Interim CEO 
 
 Cairn Financial Advisers LLP (Nominated Adviser)    +44(0)20 7213 0880 
 Liam Murray / Jo Turner 
 
                                                         +44 (0)20 3463 
 Brandon Hill Capital Limited, Broker                              5000 
 Andy Gutmann                                         +44 (0)78796 8313 
 
                                                         +44 (0)20 3004 
 Yellow Jersey PR (PR & IP)                                        9512 
 Sarah Hollins / Annabel Atkins 
 

Forward-Looking Statements

Certain statements made in this announcement are forward-looking statements. These forward-looking statements are not historical facts but rather are based on the Company's current expectations, estimates, and projections about its industry; its beliefs; and assumptions. Words such as 'anticipates,' 'expects,' 'intends,' 'plans,' 'believes,' 'seeks,' 'estimates,' and similar expressions are intended to identify forward-looking statements. These statements are not guarantees of future performance and are subject to known and unknown risks, uncertainties, and other factors, some of which are beyond the Company's control, are difficult to predict, and could cause actual results to differ materially from those expressed or forecasted in the forward-looking statements.

The Company cautions security holders and prospective security holders not to place undue reliance on these forward-looking statements, which reflect the view of the Company only as of the date of this announcement. The forward-looking statements made in this announcement relate only to events as of the date on which the statements are made. The Company will not undertake any obligation to release publicly any revisions or updates to these forward-looking statements to reflect events, circumstances, or unanticipated events occurring after the date of this announcement except as required by law or by any appropriate regulatory authority.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

END

IOESFLSAEESSEIM

(END) Dow Jones Newswires

June 12, 2020 04:58 ET (08:58 GMT)

Catenae Innovation (LSE:CTEA)
Gráfica de Acción Histórica
De Mar 2024 a Abr 2024

Catenae Innovation (LSE:CTEA)
Gráfica de Acción Histórica
De Abr 2023 a Abr 2024