Catenai PLC Result of GM and Issue of Equity

RNS Number : 0601J

Catenai PLC

03 April 2024

 

Catenai PLC

("Catenai" or the "Company")

 

Result of GM and Issue of Equity

 

 

Catenai PLC (AIM: CTAI), the AIM quoted provider of digital media and technology, announces that at its General Meeting held today, all resolutions were duly passed.

 

Further to the announcement on 12 March 2024, following Shareholder approval at the General Meeting, the Company has issued 112,200,000 new ordinary shares at a price of 0.3 pence per share (the "New Ordinary Shares") in relation to the Second Tranche. The figure previously stated in the 12 March 2024 announcement for the Second Tranche was 112,199,997, the revised figure is now 112,200,000.

 

The Second Tranche has been satisfied through:-

 

Gross proceeds	£260,000
Fee shares to settle liabilities	£56,600
Accrued director fees settled in shares	£20,000

 

 

Directors' Interests Following Second Tranche

 

As part of the Second Tranche, accrued director fees of £20,000 has been settled through the issue of 6,666,666 new ordinary shares at a price of 0.3 pence per share as detailed in the table below:

 

Director	Current Shares	Shares issued pursuant to the Second Tranche	Resultant shareholding following Admission	Resultant percentage shareholding following Admission
John Farthing	620,837	1,666,666	2,287,503	0.58%
Brian Thompson*	6,263,759	5,000,000	11,263,759	2.85%

 

^{*1,666,666 new ordinary shares of Brian Thompson's new ordinary shares are being issued to Brian Thompson's spouse, in lieu of salary as a director of the Company's historical subsidiary Hyperneph Software Limited}

 

 

Admission

Application has been made to the London Stock Exchange to admit the Company's New Ordinary Shares to trading on AIM. Admission of the New Ordinary Shares is expected to occur on or around 8 April 2024.

 

Total Voting Rights

For the purpose of the Disclosure and Transparency Rules, following the issue of shares detailed above the enlarged issued share capital of the Company will comprise 394,574,451 ordinary shares of 0.2p each. 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.

 

 

Capitalised terms used in this Announcement shall, unless otherwise defined, have the same meaning as set out in the announcement on 12 March 2024.

 

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 John Farthing, Interim CEO & Chief Financial Officer of the Company and the Directors of the Company are responsible for the release of this announcement.

 

For further information please contact:

 

Catenai PLC	[phone]
John Farthing, Interim CEO & Chief Financial Officer
Cairn Financial Advisers LLP (Nominated Adviser)	[phone]
Liam Murray / Jo Turner
Shard Capital Partners LLP (Broker)	[phone]
Damon Heath

 

 

Notes to Editors:

 

About Catenai PLC

Catenai is an AIM quoted provider of digital media and technology services. The Company specialises in IT solutions that solve commercial challenges and create opportunities for its clients, with an increasing focus incorporating AI into its platforms. The Company has an experienced IT team of project managers and integrators who have deployed systems across corporate, government and educational sectors.

 

http://www.catenaiplc.com

 

 

Notification of a Transaction pursuant to Article 19(1) of Regulation (EU) No. 596/2014
1	Details of the person discharging managerial responsibilities/person closely associated
a.	Name	A)   John Farthing B)    Brian Thompson
2	Reason for notification
a.	Position/Status	A)   Director of the Company B)    Director of the Company
b.	Initial notification/ Amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a.	Name	Catenai plc
b.	LEI	2138007I2D8YWPMSP544
4	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a.	Description of the financial instrument, type of instrument Identification Code	Ordinary shares of 0.2 pence each ISIN: GB00BN7DVG54
b.	Nature of the transaction	Issue of new ordinary shares pursuant to the Second Tranche
c.	Price(s) and volume(s)		Price Volume A)   0.3p A)   1,666,666 B)    0.3p B)    5,000,000
d.	Aggregated information   - Aggregated Volume   - Price
e.	Date of the transaction	2 April 2024
f.	Place of the transaction	Off-market transaction

 

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END

 

 

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