TIDMCTEA

RNS Number : 7118P

Catenae Innovation PLC

11 June 2020

11 June 2020

Catenae Innovation PLC

("Catenae", or the "Company")

Share Price Movement and Update

Catenae Innovation PLC (AIM: CTEA), the AIM quoted provider of digital media and technology, notes the recent movement in its share price and provides the following update.

On 29 May 2020 the Company announced an agreement with Newcastle Premier Health Ltd ("NPH") for it to provide its knowhow and to pilot the Company's Cov-ID project. A proof of concept relating to the Cov-ID project was expected to be announced within a few weeks of that date.

The Company anticipates being able to update the market in relation to a proof of concept by 19 June 2020.

Furthermore, the Company is in discussion with its broker in relation to a possible fundraise. If a fundraise occurs it will be at a significant discount to the current share price.

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 
 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

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June 11, 2020 09:02 ET (13:02 GMT)

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