Catenae Innovation Plc: Placing, Appointment Of Joint Broker, Issue Of Warrants And Related Party Transaction

Data : 27/02/2019 @ 08:00
Fonte : UK Regulatory (RNS & others)
Titolo : Catenae Innovation Plc (CTEA)
Quotazione : 0.6  0.0 (0.00%) @ 09:00
Quotazione Catenae Innovation Grafico

Catenae Innovation Plc: Placing, Appointment Of Joint Broker, Issue Of Warrants And Related Party Transaction

 
TIDMCTEA 
 
 
   CATENAE INNOVATION PLC 
 
   ("Catenae" or the "Company") 
 
   Placing, Appointment of Joint Broker, 
 
   Issue of Warrants and Related Party Transaction 
 
   Catenae (AIM: CTEA), the AIM-quoted provider of digital media and 
technology, is pleased to announce a placing and subscription for a 
total of 575,000,000 new ordinary shares of 0.10 pence per share in the 
Company at a price of 0.10 pence per share ("Placing Shares") for gross 
proceeds of GBP575,000 ("the Placing"). 
 
   The Placing Shares have been issued at the prevailing market mid-price 
and the Placing includes further investment from an existing 
institutional investor to maintain its percentage holding. 
 
   Certain directors and senior managers have participated in the Placing, 
which is a related party transaction, further details of which is set 
out below. 
 
   Issue of Warrants 
 
   The Company is also issuing one warrant for every one Placing Share 
issued at an exercise price of 0.125p which may be exercised up to three 
years from the date of issue. If exercised, the warrant holder will be 
entitled to receive a further warrant exercisable at 0.15p which may be 
exercised for a further two-year period (together, the "Placing 
Warrants"). 
 
   The Placing Warrants will not be listed and will be part-issued 
(approximately 50 per cent.) on Admission of the Placing Shares and part 
subject to approval of authorities being granted at an Extraordinary 
General Meeting, notice of which is provided supplementary to this 
statement. 
 
   Appointment of Joint Broker 
 
   The Company is pleased to announce that Turner Pope Investments Limited 
("TPI") has been appointed Joint Broker with immediate effect. 
 
   The Placing was undertaken by TPI which has agreed to receive the 
majority of their broking fee in shares at the Placing Price and, 
accordingly, a further 20,000,000 ordinary shares ("Fee Shares") will be 
issued. 
 
   Admission 
 
   Application will be made for the 595,000,000 new ordinary shares to be 
admitted to trading on AIM, which is expected to occur on or around 5 
March 2019.  The 595,000,000 new ordinary shares will rank pari passu 
with the existing ordinary shares of Catenae. 
 
   Following Admission of the Placing Shares and Fee Shares, the Company 
will have in issue 3,173,601,652 ordinary shares with voting rights. The 
Company holds 83,333,332 ordinary shares in treasury. The above figure 
of 3,173,601,652 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. 
 
   Related Party Transaction 
 
 
 
 
                                                           Number of ordinary 
                                       Number of shares        shares held 
                                       subscribed for in      following the 
Name            Title                     the Placing            Placing 
--------------  --------------------  -------------------  ------------------- 
Tony Sanders    Director                       75,000,000          107,287,499 
--------------  --------------------  -------------------  ------------------- 
Guy Meyer       Director                       15,000,000          110,458,292 
--------------  --------------------  -------------------  ------------------- 
                Chief Technology 
Alan Simpson     Officer                       10,000,000           26,667,667 
--------------  --------------------  -------------------  ------------------- 
                Chief Financial 
John Farthing    Officer                       10,000,000           18,333,334 
--------------  --------------------  -------------------  ------------------- 
Total                                         110,000,000          262,746,792 
------------------------------------  -------------------  ------------------- 
 
 
   The issue of shares to Tony Sanders, Guy Meyer, Alan Simpson and John 
Farthing is a related party transaction pursuant to AIM Rule 13 (the 
"Transaction").  Kevin Everett, a director of the Company who is 
independent of the Transaction, having consulted with Cairn Financial 
Advisers LLP, the Company's nominated adviser, believes that the terms 
of the transaction are fair and reasonable insofar as shareholders are 
concerned. 
 
   Tony Sanders -- CEO 
 
   "We are pleased to receive this additional support at an important time 
for the Company's development strategy and Catenae will invest a 
substantial proportion of the Placing funds in sales and marketing 
initiatives to help secure existing opportunities and develop the sales 
pipeline." 
 
   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 Tony Sanders (Chief 
Executive Officer). 
 
   For further information: 
 
 
 
 
Catenae Innovation Plc                              Tel: 020 7929 7826 
 Tony Sanders 
 
  Cairn Financial Advisers LLP, Nominated Adviser     Tel: 020 7213 0880 
  Liam Murray / Jo Turner 
                                                    Tel: 020 7448 9820 
  Alexander David Securities Limited, Joint Broker 
  David Scott / James Dewhurst 
                                                    Tel: 020 3621 4120 
 Turner Pope Investments Limited, Joint Broker 
 Andy Thacker 
 
 
 
 
 
 
 
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 
                                                                  1.    Tony Sanders 
 
                                                                  2.    Guy Meyer 
 
                                                                  3.    Alan Simpson 
 
                                                                  4.    John Farthing 
    -----------------------------------------------------------  --------------------------------------------------- 
2   Reason for notification 
    -----------------------------------------------------------  --------------------------------------------------- 
a.  Position/Status 
                                                                  1.    Director 
 
                                                                  2.    Director 
 
                                                                  3.    Chief Technology Officer 
 
                                                                  4.    Chief Financial Officer 
    -----------------------------------------------------------  --------------------------------------------------- 
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 the financial instrument, type of instrument 
     Identification Code                                          Ordinary shares of 0.10 pence per share 
                                                                  ISIN: GB0033127910 
    -----------------------------------------------------------  --------------------------------------------------- 
b.  Nature of the transaction                                     Issue of shares in the Placing 
    -----------------------------------------------------------  --------------------------------------------------- 
 
                                                                   Price(s) per       Volume(s) 
                                                                   share 
                                                                   -----------------  ----------------------- 
                                                                   0.10p              a) 75,000,000 
                                                                                       b) 15,000,000 
                                                                                       c) 10,000,000 
                                                                                       d) 10,000,000 
                                                                   -----------------  ----------------------- 
c.  Price(s) and volume(s) 
    -----------------------------------------------------------  --------------------------------------------------- 
d.  Aggregated information 
     - Aggregated Volume                                           110,000,000 
     - Price                                                       0.10p 
    -----------------------------------------------------------  --------------------------------------------------- 
e.  Date of the transaction                                      27 February 2019 
    -----------------------------------------------------------  --------------------------------------------------- 
f.  Place of the transaction                                     AIM, London Stock Exchange 
    -----------------------------------------------------------  --------------------------------------------------- 
 
 
 
 
 
 
 

(END) Dow Jones Newswires

February 27, 2019 02:00 ET (07:00 GMT)

Copyright (c) 2019 Dow Jones & Company, Inc.

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