Catenae Innovation Plc: Company Update And Issue Of Equity

Data : 22/05/2019 @ 08:01
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: Company Update And Issue Of Equity

 
TIDMCTEA 
 
   CATENAE INNOVATION PLC 
 
   ("Catenae" or the "Company") 
 
   Company Update and Issue of Equity 
 
   Catenae (AIM: CTEA), the AIM quoted provider of digital media and 
technology is pleased to announce new contracts, changes to its senior 
Management team and an Issue of Equity. 
 
   New Agreements 
 
   OnSide is a centralised management tool specifically developed for 
sports organisations.  It deals with all the key elements of community 
coaching from scheduling of staff and timesheet processing through to 
attendee management and reporting in a GDPR compliant platform. 
 
   Bradford City FC - The Company has entered into a proof of concept 
agreement with Bradford City FC Community Foundation ("Bradford"). It is 
anticipated that, on successful completion of the proof of concept, 
Bradford will convert the programme to a full agreement. A further 
announcement regarding this will be made in due course.  This brings the 
number of Football and Rugby clubs who have entered into agreements with 
the Company to six with ongoing conversations with a number of others. 
 
   3rd Sector Charity -- The Company has also entered into its first 
agreement for OnSide within a non-sports related charity sector.  The 
charity has identified OnSide as providing the management and reporting 
functionality it requires to prove outcomes within its funding model. 
The requirement utilises the Mentor management module that was released 
in the most recent OnSide product update. 
 
   Appointment of Head of Sales 
 
   The Company is pleased to announce the appointment of Nick Delacamp as 
Head of Sales. Nick brings a wealth of experience building sales 
organisations to deliver sustainable annuity revenues at organisations 
such as BT Global Services. 
 
   One of Nick's first actions has been the appointment of a leading 
marketing partner to engage targeted organisations focussed upon the 
core sectors for the "OnSuite products" (i.e. OnSite, OnGuard and 
OnSide). 
 
   Issue of Equity 
 
   The Company has agreed to issue a total of 50,000,000 new ordinary 
shares of 0.1 pence per share in the Company at a price of 0.1 pence per 
share, settling GBP50,000 of creditor balances. 
 
   The 50,000,000 new ordinary shares will rank pari passu with the 
existing ordinary shares of Catenae. Application will be made for the 
50,000,000 new ordinary shares to be admitted to trading on AIM, which 
is expected to occur on or around 28 May 2019. 
 
   Following the issue, the Company will have in issue 3,223,601,652 
Ordinary shares with voting rights. The above figure may be used by 
shareholders as the denominator for 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 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 
 
  Alexander David Securities Limited, Joint Broker    Tel: 020 7448 9820 
  David Scott / James Dewhurst 
 
  Turner Pope Investments Limited, Joint Broker       Tel: 020 3621 4120 
  Andrew Thacker 
 
 
 
 
 
 
 

(END) Dow Jones Newswires

May 22, 2019 02:01 ET (06:01 GMT)

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

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