TIDMCTEA

RNS Number : 4145T

Catenae Innovation PLC

20 July 2020

Catenae Innovation PLC

("Catenae", the "Company" or the "Group")

Change of Director Role, Directors' Dealings and Grant of Options

Catenae Innovation PLC (AIM: CTEA), the AIM quoted provider of digital media and technology, announces it has conditionally granted options to certain directors over 15,631,579 new ordinary shares, details of which are set out below.

Mr. Guy Meyer, Interim Chief Executive Officer, has taken on the role of Chief Executive Officer on a permanent basis with immediate effect.

Guy Meyer has been conditionally granted options over a maximum of 11,578,947 new ordinary shares (representing a maximum of 5.34% of the current issued capital of the Company) in the Company.

John Farthing, Chief Financial Officer, has been conditionally granted options over a maximum of 4,052,632 new ordinary shares (representing a maximum of 1.87% of the current issued capital of the Company) in the Company.

All of the above options have an exercise price of 3.8 pence.

The options vest if the Company's 30-day volume weighted average share price is above the Vesting Criteria for a period of 15 consecutive calendar days as set out in the table below.

 
 Number of new   Number of new    Vesting Criteria 
  shares under    shares under 
  option for      option for 
  Guy Meyer       John Farthing 
 6,578,947       2,302,632        10p 
                ---------------  ----------------- 
 2,000,000       700,000          20p 
                ---------------  ----------------- 
 1,000,000       350,000          30p 
                ---------------  ----------------- 
 1,000,000       350,000          40p 
                ---------------  ----------------- 
 1,000,000       350,000          50p 
                ---------------  ----------------- 
 
 11,578,947      4,052,632 
                ---------------  ----------------- 
 

The grant of the options will be made under the Catenae Innovation plc 2020 Share Plan (the "Plan") proposed to be adopted by the Company. Of the total number of options to be granted to Guy Meyer under the Plan, it is intended that up to 6,578,947 options will be EMI qualifying with the remaining options being unapproved options. All of the options intended to be granted to John Farthing under the Plan are intended to be EMI qualifying options.

The option grants above are conditional on shareholder approval at the forthcoming Annual General Meeting.

The current issued share capital of the Company comprises 216,999,043 ordinary shares of 0.2p each.

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, Chief Executive Officer of the Company.

- Ends -

For further information please contact:

 
                                                         +44 (0)191 580 
 Catenae Innovation PLC                                            8545 
 Guy Meyer, Ch ief 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)78796 8313 
 
                                                         +44 (0)20 3004 
 Yellow Jersey PR (PR & IR)                                        9512 
 Sarah Hollins / Annabel Atkins 
 

Notes to Editors:

About Catenae Innovation PLC

Catenae Innovation is an AIM quoted provider of digital media and technology services. The Company specialises in Distributed Ledger Technology solutions that solve commercial challenges and create opportunities for its clients. The Company has an experienced IT team of project managers and integrators who have deployed systems across corporate, government and educational sectors.

www.catenaeinnovation.com

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END

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