Catenae Innovation PLC Update re Working Capital (7279X)
20 Dicembre 2019 - 06:02PM
UK Regulatory
TIDMCTEA
RNS Number : 7279X
Catenae Innovation PLC
20 December 2019
CATENAE INNOVATION PLC
("Catenae" or the "Company")
Update re Working Capital
Catenae (AIM:CTEA), the AIM quoted provider of digital media and
technology, wishes to update the market that its trading
performance continues to be below management expectations, as
notified on 11 September 2019, and the Company's financial position
remains weak. The Directors have convened a general meeting for
Monday 23 December 2019, where resolutions will be proposed that
will enable the Company to raise new equity finance. In the event
that the resolutions are not passed, the Directors will need to
urgently seek alternative sources of finance as it is important
that significant additional funding is secured in the near term in
order to provide a sustainable basis on which the Company can
continue to operate.
A further announcement will be made in due course.
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
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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