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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 |
From Apr 2019 to Apr 2024
TIDMCTEA
RNS Number : 8873L
Catenae Innovation PLC
11 September 2019
CATENAE INNOVATION PLC
("Catenae" or the "Company")
Trading Update
Catenae (AIM: CTEA), the AIM quoted provider of digital media and technology, announces that, following the announcement released by the Company on 18 July 2019, despite its investment and sales initiative, revenue in the second half of its financial year will be below management expectations. The Company's targeted sectors are depressed with a reluctance to commit to investment, especially in the wider context of the economic slow-down and current political uncertainty with regards to Brexit.
Consequently, losses for the year will be higher than expected. However, given the recent corporate restructuring and a resultant significant lowering of overheads, the Board is confident in the future of the business.
The Company continues to carefully manage its working capital position and will need to raise further capital in the near future. Further announcements will be made in due course.
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:
Catenae Innovation Plc Tel: 020 7929 Guy Meyer 7826 Cairn Financial Advisers LLP, Nominated Adviser Tel: 020 7213 Liam Murray / Jo Turner 0880 Turner Pope Investments (TPI) Limited, Broker Tel: 020 3621 Andrew Thacker 4120
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
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(END) Dow Jones Newswires
September 11, 2019 02:30 ET (06:30 GMT)
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