Catenae Innovation PLC Creditor Share Conversion and Notice of AGM (8910W)
24 Agosto 2020 - 8:00AM
UK Regulatory
TIDMCTEA
RNS Number : 8910W
Catenae Innovation PLC
24 August 2020
24 August 2020
Catenae Innovation PLC
("Catenae", the "Company" or the "Group")
Creditor Share Conversion and Notice of AGM
Catenae Innovation PLC (AIM: CTEA), the AIM quoted provider of
digital media and technology, is pleased to announce that Markops
Limited ("Markops"), the Group's newly appointed marketing agency,
has, subject to AGM headroom approval, converted GBP12,500 of
credit with the Company for services rendered. If the requisite
resolution is passed, this will result in 342,465 ordinary shares
in the Company being issued to Markops at a price of 3.65 pence per
ordinary share ("Creditor Shares").
Application will be made to the London Stock Exchange to admit
the Creditor Shares to trading on AIM. Admission of the 342,465
ordinary shares is expected to occur on or around 28 September 2020
("Admission"). The new ordinary shares will rank pari passu with
the existing ordinary shares.
For the purpose of the Disclosure and Transparency Rules,
following Admission the enlarged issued share capital of the
Company will comprise 221,091,508 ordinary shares of 0.2 pence
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.
Notice of AGM
The Company also announces that its Annual General Meeting
("AGM") will be held on Friday, 25 September 2020 at 12 pm at the
offices of the offices of Goodman Derrick LLP at 10 St Bride
Street, London EC4A 4AD.
There will be a Q&A following the AGM using the Zoom
Conferencing Platform. Details will be circulated with the AGM
notices that will be sent to shareholders and will also be made
available on the Company website.
Guy Meyer, Chief Executive Officer of Catenae, said: "We are
pleased that our newly appointed marketing agency, Markops, has
chosen to take a stake in the business, which highlights its
confidence in the future prospects of the Company and aligns itself
with our strategy.
"The team at Markops is instrumental in the repositioning of
Catenae's business and brand and is helping to inject value into
our product set, as well as introducing the Company to their
corporate networks.
"We also look forward to our AGM following which, the Board will
host a Q&A for our investors where there will be an opportunity
to engage in, what I expect to be, productive discussions ."
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, 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 & IP) 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. 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
About Markops Marketing Ltd.
Markops is a marketing consultancy that is built on the
provision of value-based solutions to a wide array of communication
challenges to enable businesses to thrive.
www.markopsmarketing.com
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