Catenae Innovation PLC Change of Director Role and Grant of Options (4145T)
20 Julio 2020 - 01:00AM
UK Regulatory
TIDMCTEA
RNS Number : 4145T
Catenae Innovation PLC
20 July 2020
Catenae Innovation PLC
("Catenae", the "Company" or the "Group")
Change of Director Role, Directors' Dealings and Grant of
Options
Catenae Innovation PLC (AIM: CTEA), the AIM quoted provider of
digital media and technology, announces it has conditionally
granted options to certain directors over 15,631,579 new ordinary
shares, details of which are set out below.
Mr. Guy Meyer, Interim Chief Executive Officer, has taken on the
role of Chief Executive Officer on a permanent basis with immediate
effect.
Guy Meyer has been conditionally granted options over a maximum
of 11,578,947 new ordinary shares (representing a maximum of 5.34%
of the current issued capital of the Company) in the Company.
John Farthing, Chief Financial Officer, has been conditionally
granted options over a maximum of 4,052,632 new ordinary shares
(representing a maximum of 1.87% of the current issued capital of
the Company) in the Company.
All of the above options have an exercise price of 3.8
pence.
The options vest if the Company's 30-day volume weighted average
share price is above the Vesting Criteria for a period of 15
consecutive calendar days as set out in the table below.
Number of new Number of new Vesting Criteria
shares under shares under
option for option for
Guy Meyer John Farthing
6,578,947 2,302,632 10p
--------------- -----------------
2,000,000 700,000 20p
--------------- -----------------
1,000,000 350,000 30p
--------------- -----------------
1,000,000 350,000 40p
--------------- -----------------
1,000,000 350,000 50p
--------------- -----------------
11,578,947 4,052,632
--------------- -----------------
The grant of the options will be made under the Catenae
Innovation plc 2020 Share Plan (the "Plan") proposed to be adopted
by the Company. Of the total number of options to be granted to Guy
Meyer under the Plan, it is intended that up to 6,578,947 options
will be EMI qualifying with the remaining options being unapproved
options. All of the options intended to be granted to John Farthing
under the Plan are intended to be EMI qualifying options.
The option grants above are conditional on shareholder approval
at the forthcoming Annual General Meeting.
The current issued share capital of the Company comprises
216,999,043 ordinary shares of 0.2p each.
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, Chief Executive Officer of the Company.
- Ends -
For further information please contact:
+44 (0)191 580
Catenae Innovation PLC 8545
Guy Meyer, Ch ief Executive Officer
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 & IR) 9512
Sarah Hollins / Annabel Atkins
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
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
MSCKKCBBCBKDQOD
(END) Dow Jones Newswires
July 20, 2020 02:00 ET (06:00 GMT)
Catenae Innovation (LSE:CTEA)
Gráfica de Acción Histórica
De Feb 2024 a Mar 2024
Catenae Innovation (LSE:CTEA)
Gráfica de Acción Histórica
De Mar 2023 a Mar 2024