Catenae Innovation Plc: Issue Of Equity

 
TIDMCTEA 
 
   CATENAE INNOVATION PLC 
 
   ("Catenae" or the "Company") 
 
   Issue of Equity and Directors dealings 
 
   Catenae (AIM:CTEA), the AIM-quoted provider of digital media and 
technology, is pleased to announce that it has agreed to issue a total 
of 500,000,000 new Ordinary shares of 0.10 pence per share in the 
Company at a price of 0.12 pence per share. 
 
   The Company will raise GBP524,945 in cash through the issue of 
437,454,167 Subscription Shares. An institutional investor is 
subscribing for 300,000,000 shares, the Management and Directors of the 
Company are subscribing for 120,787,500 shares (which includes 
16,666,667 shares within existing creditor shares figure below) with 
remaining 33,333,333 being subscriptions from new and existing 
shareholders. The Company will settle an existing creditor balance of 
GBP75,055 through the issue of 62,545,833 Shares. 
 
   Related Party Subscriptions 
 
   Subscribed                 Previous holding               Resultant 
holding 
 
   Edward Guy Meyer                                 83,333,334 
12,124,958                      95,458,292 
 
   Anthony Sanders                                      4,120,832 
28,166,667                      32,287,499 
 
   Alan Simpson*                                        16,666,667 
0                      16,666,667 
 
   (*CTO classed as PDMR) 
 
   The 500,000,000 new ordinary shares will rank pari passu with the 
existing Ordinary shares of Catenae. 
 
   Application will be made for the 500,000,000 new Ordinary shares to be 
admitted to trading on AIM, which is expected to occur on or around 7 
November 2018. 
 
   Following the issue, the Company will have in issue 2,578,601,652 
Ordinary shares with voting rights.  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. 
 
   Related Party Transaction 
 
   The issue of Subscription Shares to Directors A Sanders, E G Meyer and A 
Simpson as per the table above is  a related party transaction pursuant 
to AIM Rule 13.  Kevin Everett, a director of the Company who is 
independent of the transaction, having consulted with the Company's 
nominated adviser believes that the terms of the transaction are fair 
and reasonable insofar as shareholders are concerned. 
 
   Tony Sanders - CEO 
 
   "The Company is at an interesting stage of its development underlined by 
the support of the senior management and Directors. Furthermore, we are 
pleased to complete this placing at a premium and welcome the support 
from the large UK based institutional investor, specialising in Tech 
companies, who has taken a significant stake in the business." 
 
   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: [phone] 
 Tony Sanders 
Cairn Financial Advisers       Tel: [phone] 
 LLP, Nominated Adviser 
 Liam Murray / Jo Turner 
Alexander David Securities     Tel: [phone] 
 Limited, Broker 
 David Scott / James Dewhurst 
 
 
 
 
 
 
 

(END) Dow Jones Newswires

November 01, 2018 03:00 ET (07:00 GMT)

Copyright (c) 2018 Dow Jones & Company, Inc.