Milestone Group PLC Catenae Innovation Plc. : Issue Of Equity And Update Settlement Agreement For October 2016 Placing

 
TIDMMSG 
 
 
   CATENAE INNOVATION PLC 
 
   ("Catenae" or the "Company") 
 
   Issue of Equity and Update Settlement Agreement for October 2016 Placing 
 
   Issue of Equity 
 
   Catenae (AIM: CTEA), the AIM quoted provider of digital media and 
technology, announces that it has agreed to issue a total of 118,833,332 
new ordinary shares of 0.1 pence per share in the Company. 
 
   The Company has issued 41,666,666 new ordinary shares (Subscription 
Shares") at a price of 0.12 pence per share raising gross proceeds of 
GBP50,000 in cash and will settle existing creditor balance of GBP83,000 
through the issue of 29,166,666 Shares at 0.12 pence per share and 
48,000,000 Shares at 0.1 pence per share. 
 
   The 118,833,332 new ordinary shares will rank pari passu with the 
existing ordinary shares of Catenae. Application will be made for the 
118,833,332 ordinary shares to be admitted to trading on AIM, which is 
expected to occur on or around 11 July 2018. 
 
   Following the issue, Catenae will have in issue 2,078,601,652  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. 
 
   Update Settlement Agreement for October 2016 Placing 
 
   The Company provides a further update to the announcement made on 16 
February 2018 relating to a compromise agreement ("Compromise 
Agreement") with City of London Markets Limited. City of London Markets 
Limited have now discharged their obligations under this agreement and 
the Company considers this matter closed. 
 
   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 LLP, Nominated Adviser    Tel: [phone] 
  Liam Murray / Jo Turner 
Cornhill Capital, Broker                           Tel: [phone] 
 Daniel Gee 
 
 
 
   This announcement is distributed by Nasdaq Corporate Solutions on behalf 
of Nasdaq Corporate Solutions clients. 
 
   The issuer of this announcement warrants that they are solely 
responsible for the content, accuracy and originality of the information 
contained therein. 
 
   Source: Catenae Innovation P.L.C. via Globenewswire 
 
 
  http://www.milestonegroup.co.uk/ 
 

(END) Dow Jones Newswires

July 05, 2018 02:00 ET (06:00 GMT)

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