TIDMCTEA

RNS Number : 2768T

Catenae Innovation PLC

17 July 2020

Catenae Innovation PLC

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

Directors' Dealings / Transfer and Exercise of Warrants

Catenae Innovation PLC (AIM: CTEA), the AIM quoted provider of digital media and technology, announces the transfer of 3,750,000 warrants from Brian Thompson, a director of the Company to Guy Meyer and John Farthing (also directors of the Company) and the subsequent exercise of the warrants and issue of equity.

Transfer of Warrants

Brian Thompson has transferred warrants over 2,500,000 new ordinary shares to Guy Meyer and warrants to John Farthing over 1,250,000 new ordinary shares. The warrants are exercisable at a price of 0.4 pence per new ordinary share, details of which are set out below.

Following the warrant transfer, Brian Thompson holds warrants over 26,931,818 new ordinary shares in the Company, exercisable at 0.4 pence per share. These warrants may be exercised at any time prior to 14 May 2022.

Exercise of Warrants & Issue of Equity

The Company has received notification of exercise of the warrants over 3,750,000 ordinary shares, providing the Company with proceeds of GBP15,000. Following the warrant exercises, details of resulting shareholdings of the directors of the Company are set out below:

 
 Director          Shareholding           Shares issued   Shareholding      % of enlarged 
                    prior to exercise      pursuant        subsequent        issued share 
                    of warrant referred    to warrant      to the warrant    capital following 
                    to above               exercise        exercise          warrant exercise 
 Brian Thompson              31,318,797               -        31,318,797                14.2% 
                  ---------------------  --------------  ----------------  ------------------- 
 Guy Meyer                    3,104,582       2,500,000         5,604,582                 2.5% 
                  ---------------------  --------------  ----------------  ------------------- 
 John Farthing                1,341,702       1,250,000         2,591,702                 1.2% 
                  ---------------------  --------------  ----------------  ------------------- 
 

Guy Meyer and John Farthing have both entered into a lock-in deed with the Company, undertaking not to dispose of the shares held as a result of the warrant exercise for a period of 12 months from their admission to trading on AIM.

Application will be made to the London Stock Exchange to admit the 3,750,000 new ordinary shares resulting from the exercise of warrants to trading on AIM. Admission of the new ordinary shares is expected to occur on or around 22 July 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 220,749,043 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.

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:

 
                                                         +44 (0)191 580 
 Catenae Innovation PLC                                            8545 
 Guy Meyer, Interim CEO 
 
 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

 
 Notification of a Transaction pursuant to Article 19(1) of Regulation 
  (EU) No. 596/2014 
 1       Details of the person discharging managerial responsibilities/person 
          closely associated 
        ------------------------------------------------------------------------------------------ 
 a.      Name                                     Brian Thompson 
        ---------------------------------------  ------------------------------------------------- 
 2       Reason for notification 
        ---------------------------------------  ------------------------------------------------- 
 a.      Position/Status                          Non-Executive Chairman 
        ---------------------------------------  ------------------------------------------------- 
 b.      Initial notification/                    Initial notification 
          Amendment 
        ---------------------------------------  ------------------------------------------------- 
 3       Details of the issuer, emission allowance market participant, 
          auction platform, auctioneer or auction monitor 
        ------------------------------------------------------------------------------------------ 
 a.      Name                                     Catenae Innovation plc 
        ---------------------------------------  ------------------------------------------------- 
 b.      LEI                                      2138007I2D8YWPMSP544 
        ---------------------------------------  ------------------------------------------------- 
 4       Details of the transaction(s): section to be repeated for 
          (i) each type of instrument; (ii) each type of transaction; 
          (iii) each date; and (iv) each place where transactions have 
          been conducted 
        ------------------------------------------------------------------------------------------ 
 a.      Description of                           Warrant over ordinary shares of 0.2p each 
          the financial 
          instrument, type 
          of instrument 
                                                   ISIN: GB00BKM6CG53 
          Identification 
          Code 
        ---------------------------------------  ------------------------------------------------- 
 b.      Nature of the                             Transfer of warrants 
          transaction 
        ---------------------------------------  ------------------------------------------------- 
 
 c.      Price(s) and volume(s)                    Price(s) per               Volume(s) 
                                                    share 
        ---------------------------------------   ------------------------- 
                                                   0.4p                       3,750,000 
                                                  -------------------------  ----------------- 
 
 d.      Aggregated information 
 
          - Aggregated Volume                       n/a 
 
          - Price                                   n/a 
        ---------------------------------------  ------------------------------------------------- 
 e.      Date of the transaction                  16 July 2020 
        ---------------------------------------  ------------------------------------------------- 
 f.      Place of the transaction                 AIM, London Stock Exchange 
        ---------------------------------------  ------------------------------------------------- 
 
 
 Notification of a Transaction pursuant to Article 19(1) of Regulation 
  (EU) No. 596/2014 
 1      Details of the person discharging managerial responsibilities/person 
         closely associated 
       ---------------------------------------------------------------------------------- 
 a.     Name                                   a) Guy Meyer 
                                                b) John Farthing 
       --------------------------------  ------------------------------------------------ 
 2      Reason for notification 
       --------------------------------  ------------------------------------------------ 
 a.     Position/Status                        a) Interim CEO 
                                                b) CFO 
       --------------------------------  ------------------------------------------------ 
 b.     Initial notification/             Initial notification 
         Amendment 
       --------------------------------  ------------------------------------------------ 
 3      Details of the issuer, emission allowance market participant, 
         auction platform, auctioneer or auction monitor 
       ---------------------------------------------------------------------------------- 
 a.     Name                              Catenae Innovation plc 
       --------------------------------  ------------------------------------------------ 
 b.     LEI                               2138007I2D8YWPMSP544 
       --------------------------------  ------------------------------------------------ 
 4      Details of the transaction(s): section to be repeated for 
         (i) each type of instrument; (ii) each type of transaction; 
         (iii) each date; and (iv) each place where transactions have 
         been conducted 
       ---------------------------------------------------------------------------------- 
 a.     Description of                    Warrant over ordinary shares of 0.2p each 
         the financial 
         instrument, type 
         of instrument 
                                           ISIN: GB00BKM6CG53 
         Identification 
         Code 
       --------------------------------  ------------------------------------------------ 
 b.     Nature of the                      Exercise of warrants 
         transaction 
       --------------------------------  ------------------------------------------------ 
 
 c.     Price(s) and volume(s)            Price(s) per         Volume(s) 
                                           share 
       --------------------------------  ------------------- 
                                               a) 0.4p              a) 2,500,000 
                                                b) 0.4p              b) 1,250,000 
                                         -------------------  ----------------------- 
 
        Aggregated information 
 
         - Aggregated Volume                3,750,000 
 
 d.      - Price                            0.4p 
       --------------------------------  ------------------------------------------------ 
 e.     Date of the transaction           16 July 2020 
       --------------------------------  ------------------------------------------------ 
 f.     Place of the transaction          AIM, London Stock Exchange 
       --------------------------------  ------------------------------------------------ 
 

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.

END

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July 17, 2020 02:00 ET (06:00 GMT)

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