Catenae Innovation PLC Exercise of Warrant, Conversion & Issue of Equity (5578P)
10 Giugno 2020 - 1:30PM
UK Regulatory
TIDMCTEA
RNS Number : 5578P
Catenae Innovation PLC
10 June 2020
Catenae Innovation PLC
("Catenae", or the "Company")
Exercise of Warrant, Conversion and Issue of Equity
Catenae Innovation PLC (AIM: CTEA), the AIM quoted provider of
digital media and technology, announces it has received
notification for the exercise of a warrant over 15,000,000 ordinary
shares in the Company at an exercise price of 1.25 pence per share
providing the Company with proceeds of GBP187,500 ("Warrant
Exercise").
In addition, the Company has issued 2,083,333 new ordinary
shares in order to settle existing liabilities amounting to
GBP35,000 through the issue of new ordinary shares at a price of
1.68 pence per share ("Conversion Shares"). The Conversion Shares
are subject to a six-month lock-in.
Application will be made to the London Stock Exchange to admit
the 17,083,333 new ordinary shares resulting from the Warrant
Exercise and Conversion Shares to trading on AIM. Admission of the
new ordinary shares is expected to occur on or around 16 June 2020.
The new ordinary shares will rank pari passu with the existing
ordinary shares.
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 165,910,407 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.
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.
- Ends -
For further information please contact:
Catenae Innovation PLC +44 (0) 191 580 8545
Guy Meyer, Interim Chief Executive Officer
Cairn Financial Advisers LLP (Nominated Adviser) +44 (0)20 7213 0880
Liam Murray
Jo Turner
Brandon Hill Capital Limited (Broker) +44 (0) 20 3463 5000
Andy Gutmann +44 (0)78796 8313
Yellow Jersey PR (PR & IR) +44 (0)20 3004 9512
Sarah Hollins
Annabel Atkins
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END
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June 10, 2020 07:30 ET (11:30 GMT)
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