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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Catenae Innovation Plc | LSE:CTEA | London | Ordinary Share | GB00BN7DVG54 | ORD GBP0.002 |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 0.55 | 0.50 | 0.60 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
TIDMCTEA
RNS Number : 5128G
Catenae Innovation PLC
27 July 2021
27 July 2021
Catenae Innovation PLC
("Catenae" or the "Company")
Director and PDMR remuneration - Conversion
Catenae Innovation PLC (AIM: CTEA), the AIM quoted provider of digital media and technology, announces that the Board has agreed to settle certain existing director and PDMR remuneration liabilities through the conversion of accrued salaries and expenses into new ordinary shares as per the Company's previously stated policy announced on 24 April 2020. The previous conversion of director remuneration into ordinary shares by certain directors was announced on 27 January 2021. The rationale for the conversion into shares is to preserve the existing cash resources of the Company.
Guy Meyer and John Farthing, Chief Executive Officer and Chief Financial Officer of the Company respectively, will settle a portion of their remuneration up to 31 August 2021 and will continue receiving shares in lieu of salary on a six month basis.
Guy Meyer and John Farthing(1) will respectively receive GBP20,002.20 and GBP4,702.14 in shares in lieu of payroll liabilities to 31 August 2021 and the Company's Chief Commercial Officer (non-Board role), Nick Delacamp, will receive GBP1,323.69 in shares to settle expense liabilities up to 31 August 2021 (the "Conversion"). The issue of shares pursuant to the Conversion will be issued at a price equal to the 30-day volume weighted average price per share ("VWAP") to 31 August 2021.
Furthermore, following the issue of new ordinary shares, Guy Meyer intends to transfer GBP20,000 worth of shares received in lieu of remuneration to an ISA account in his name.
A further announcement will be made in due course in relation to the issue of new ordinary shares in the Company.
(1) John Farthing's shareholdings are held through Cloisters Capital LLP
- Ends -
This announcement contains inside information for the purposes of the UK Market Abuse Regulation. The person who arranged for release of this announcement on behalf of the Company was Guy Meyer, Chief Executive Officer of the Company and the Directors of the Company are responsible for the release of this announcement.
For further information please contact:
+44 (0)191 580 Catenae Innovation PLC 8545 Guy Meyer, Chief 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)20 3004 Yellow Jersey PR (PR & IR) 9512 Sarah Hollins / Annabel Atkins / Matthew McHale
Notes to Editors:
About Catenae Innovation PLC
Catenae Innovation is an AIM quoted provider of digital media and technology services. Catenae use the power of blockchain to deliver solutions where its people-centric technology enables trust and certainty allowing organisations to gain better control over their operations, manage staff and safely welcome customers.
www.catenaeinnovation.com
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END
MSCUNANRANUBUAR
(END) Dow Jones Newswires
July 27, 2021 02:00 ET (06:00 GMT)
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