Catenae Innovation PLC Exercise of Warrant and Issue of Equity (5496N)
21 Maggio 2020 - 08:00AM
UK Regulatory
TIDMCTEA
RNS Number : 5496N
Catenae Innovation PLC
21 May 2020
Catenae Innovation PLC
("Catenae", or the "Company")
Exercise of Warrant 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 6,250,000 ordinary shares in the Company at an exercise price
of 0.4 pence per share providing the Company with proceeds of
GBP25,000 ("Warrant Exercise"); and
- the issue of 3,341,057 ordinary shares as a result of the
conversion of GBP65,485 of existing liabilities into ordinary
shares at a conversion price of 1.96 pence per ordinary 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 aggregate 9,591,057 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 27 May
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 148,827,074 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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