Catenae Innovation PLC Further re Agreements and update (3952X)
19 Dicembre 2019 - 8:00AM
UK Regulatory
TIDMCTEA
RNS Number : 3952X
Catenae Innovation PLC
19 December 2019
Catenae Innovation plc
19 December 2019
CATENAE INNOVATION PLC
("Catenae" or the "Company")
Further re Agreements and update
Catenae (AIM:CTEA), the AIM quoted provider of digital media and
technology, announces that, further to announcement 22 May 2019, it
has signed a new agreement with Bradford City FC Community
Foundation for "Onside".
Additionally, further to the announcement made 22 October 2018,
the Company has signed a renewal agreement with Southend United
Community and Educational Trust for "OnSide".
"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 to internal
and external stakeholders, all in a GDPR compliant platform.
Update
As announced on 6 December 2019, the Company has convened a
General Meeting to be held at 11:00am on 23 December 2019, to be
held at the offices of the Company's recently appointed corporate
lawyers, Goodman Derrick LLP, Fifth Floor, 10 St Bride Street,
London EC4A 4AD.
A circular was posted to shareholders providing details of a
proposed capital reorganisation and increase of authorisation to
issue shares on a non pre-emptive basis.
The Company continues to carefully manage its working capital
position and intends to raise further capital in the near future in
order to underpin the next phase of development. The capital
reorganisation will facilitate a future fundraise.
Guy Meyer, Interim CEO stated:
"These contracts are a vote of confidence in the business, our
product set and, in particular, the team of talented customer
focused individuals who constantly innovate our offerings to meet
the high expectations of our clients. The directors intend to place
every effort into growing the Company and enhancing shareholder
value over the next year."
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).
For further information:
Catenae Innovation Plc Tel: 020 7929 7826
Guy Meyer
Cairn Financial Advisers LLP, Nominated Adviser Tel: 020 7213 0880
Liam Murray / Jo Turner
Turner Pope Investments (TPI) Limited, Broker Tel: 020 3657 0050
Andrew Thacker / Zoe Alexander
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END
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