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Catenae Innovation #CTAE – Subscription, conversion of existing liabilities, conditional issue of warrants and proposed directorate change
Following the recent announcements about the Company’s weak working capital position Catenae announces that it has issued 75,000,000 new ordinary shares in the Company by way of a subscription and conversion of existing liabilities in the Company. The shares to be issued pursuant to the subscription and conversion will use the shareholder authorities granted at the general meeting held by the Company on 23 December 2019.
Subscription and conditional issue of warrants
The Company has raised £153,000 through the subscription (the “Subscription”) for 38,250,000 new ordinary shares (“Subscription Shares”) at a price of 0.4 pence per share (the “Subscription Price”). The Subscription Shares are subject to a six-month lock-in expiring six months following their issue. The Subscription Shares represent circa 35.7 per cent. of the enlarged share capital.
The Company has agreed, subject to shareholder approval at a forthcoming General Meeting of the Company, to issue each subscriber a warrant to subscribe for the same number of ordinary shares subscribed for in the Subscription (“Subscription Warrants”). The Subscription Warrants are exercisable for a period of 2 years from issue at the Subscription Price. Subscription Warrants over 38,250,000 ordinary shares have been conditionally issued.
Guy Meyer, Interim CEO and a director of the Company, has subscribed for 2,000,000 (£8,000) shares in the Subscription and pursuant to the AIM Rules, is a related party transaction (the “Transaction”). Independent Director, Kevin Everett, having consulted with the Company’s Nominated Adviser, believes that the terms of the Transaction are fair and reasonable insofar as shareholders are concerned.
Conversion and conditional issue of warrants
Certain of the Company’s creditors have agreed to convert their existing liabilities into ordinary shares (the “Conversion”). Consequently the Company has issued 36,750,000 new ordinary shares at a price of 1.1p per share (the “Conversion Shares”) in order to settle aggregate liabilities of £404,250. The Conversion Shares are subject to a six-month lock-in expiring 6 months following their issue. The Conversion Shares represent circa 18.8 per cent. of the enlarged share capital.
The Conversion has the impact of strengthening the Company’s Balance Sheet and allows the Company to use its cash resources to fund current and potential trading opportunities.
The Company has conditionally agreed to grant warrants over 20,159,091 new ordinary shares to certain creditors in relation to the Conversion (“Conversion Warrants”). The Conversion Warrants are exercisable for a period of 2 years from issue at the Subscription Price. The issue of the Conversion Warrants is subject to shareholder authorities being granted at a forthcoming General Meeting of the Company.
Included in the Conversion detailed above is the issue of 1,158,3649 ordinary shares to Cloisters Capital LLP (“Cloisters” or “Cloisters’ Conversion”). Cloisters is an entity controlled by John Farthing, Chief Financial Officer. Mr Farthing is not a director of the Company. Mr Farthing is considered a PDMR (Person Discharging Management Responsibility). The conversion is in relation to professional fees owed to Cloisters. Further details of the issue are set out in a table at the end of this announcement.
The Cloisters’ Conversion is considered a related party transaction pursuant to the AIM Rules as Mr Farthing is a director of a joint venture of the Company. The directors of the Company, having consulted with the Company’s nominated adviser, believe that the terms of the Cloisters’ Conversion are fair and reasonable insofar as shareholders are concerned.
Admission of Shares to Trading on AIM
Application has been made for the 75,000,000 new ordinary shares, constituting the Subscription Shares and the Conversion Shares, to be admitted to trading on AIM, which is expected to occur on or around 6 February 2020. The 75,000,000 new ordinary shares will rank pari passu with the existing ordinary shares.
Proposed Directorate Change
Brian William Thompson has subscribed for 25,000,000 new ordinary shares in the Subscription and, in addition, has been issued 5,681,818 Conversion Shares in relation to a creditor balance owed to him, which, when aggregated with his existing holding in the Company, will represent circa 29.0 per cent of the enlarged issued share capital.
It is intended that, subject to the completion of normal regulatory due diligence, Mr Thompson will be appointed as a non-executive director of the Company.
Mr Thompson is an entrepreneur and is the founder owner of Newcastle-based B.T.I.C. Ltd, a successful business that has operated in the insurance industry since 1985. He is also a director of Third Eye Neurotech Ltd.
Further disclosure on Mr Thompson will be made in due course.
Working capital update
The Subscription and Conversion eases the Company’s immediate working capital position and provides the Company with funds to continue trading and meet its liabilities as they fall due in the short term. The directors estimate that the Company will be likely to need to raise further funds by 31 March 2020. The Company will shortly convene a General Meeting seeking the requisite shareholder authorities to, inter alia, issue new shares.
The Company’s balance sheet has been further strengthened as a result of circa £130,000 payroll related liabilities having being waived.
The current directors have also reduced their remuneration to conserve the cash resources of the Company.
Following the Subscription, Conversion and waiver of payroll related liabilities as described above, the Company’s working capital position will still need to be carefully managed.
General Meeting
As stated above, the Company will be seeking the consent of shareholders at a General Meeting for, inter alia, renewed authorities for directors to be able to issue further shares and the grant of the Conversion Warrants.
Total voting rights
The Company’s total issued share capital prior to this announcement was 32,236,017 ordinary shares of 0.2p each.
Following the Subscription and Conversion described above the Company’s total issued share capital will comprise 107,236,017 ordinary shares. 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 Guy Meyer (Interim Chief Executive Officer).
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Catenae Innovation Plc Guy Meyer
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Tel: 020 7929 7826 |
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Cairn Financial Advisers LLP, Nominated Adviser Liam Murray / Jo Turner
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Tel: 020 7213 0880 |
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Tel: 020 3657 0050 |
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Yellow Jersey, PR & IR Adviser |
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Charles Goodwin |
Tel: 020 3004 9512 |
Forward-Looking Statements
Certain statements made in this announcement are forward-looking statements. These forward-looking statements are not historical facts but rather are based on the Company’s current expectations, estimates, and projections about its industry; its beliefs; and assumptions. Words such as ‘anticipates,’ ‘expects,’ ‘intends,’ ‘plans,’ ‘believes,’ ‘seeks,’ ‘estimates,’ and similar expressions are intended to identify forward-looking statements. These statements are not guarantees of future performance and are subject to known and unknown risks, uncertainties, and other factors, some of which are beyond the Company’s control, are difficult to predict, and could cause actual results to differ materially from those expressed or forecasted in the forward-looking statements. The Company cautions security holders and prospective security holders not to place undue reliance on these forward-looking statements, which reflect the view of the Company only as of the date of this announcement. The forward-looking statements made in this announcement relate only to events as of the date on which the statements are made. The Company will not undertake any obligation to release publicly any revisions or updates to these forward-looking statements to reflect events, circumstances, or unanticipated events occurring after the date of this announcement except as required by law or by any appropriate regulatory authority.
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Notification of a Transaction pursuant to Article 19(1) of Regulation (EU) No. 596/2014 |
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1 |
Details of the person discharging managerial responsibilities/person closely associated |
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a. |
Name |
(1)John Farthing (2) Guy Meyer |
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2 |
Reason for notification |
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a. |
Position/Status |
(1) Chief Financial Officer (2) Interim CEO |
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b. |
Initial notification/ Amendment |
Initial notification |
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3 |
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor |
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a. |
Name |
Catenae Innovation plc |
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b. |
LEI |
2138007I2D8YWPMSP544 |
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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 |
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a. |
Description of the financial instrument, type of instrument Identification Code |
GB00BKM6CG53 |
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b. |
Nature of the transaction |
Issue of ordinary shares |
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c. |
Price(s) and volume(s) |
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Price(s) per share |
Volume(s) |
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(1) 1.1 pence (2) 0.4 pence
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(1) 1,158,369 (2) 2,000,000 |
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d. |
Aggregated information
– Aggregated Volume
– Price |
(1) 1,158,364 (2) 2,000,000
(1) 1.1 pence (2) 0.4 pence
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e. |
Date of the transaction |
31 January 2020 |
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f. |
Place of the transaction |
AIM |
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Catenae Innovation (CTEA) has signed a renewal agreement with Southend United Community and Educational Trust for “OnSide”.
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:
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Catenae Innovation Plc Guy Meyer
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Tel: 020 7929 7826 |
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Cairn Financial Advisers LLP, Nominated Adviser Liam Murray / Jo Turner
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Tel: 020 7213 0880 |
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Tel: 020 3657 0050 |
Brand Comms Podcast – Brand CEO Alan Green talks to Catenae Innovation #CTEA CEO Tony Sanders
Brand Comms CEO Alan Green talks to Tony Sanders, CEO of AIM listed Catenae Innovation (CTEA). Tony explains how Catenae have developed a range of blockchain applications for Onside, Onguard and Onsite, an application for multiple commercial processes. Tony talks through a recent contract win: a Firedoor inspection contract, which creates an annual annuity stream plus revenue per transaction. On the recent funding, Tony discusses the management team, which between them have invested over £300k from over the past 2 placings and now own over 7% between them. He explains how the funds will be used for sales and marketing, and how Catenae are one of the few companies around the world already earning money from the commercial application of blockchain in areas other than crypto currency.
Catenae Innovation #CTEA – Placing, Appointment of Joint Broker, Issue of Warrants & 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 £575,000 (“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
| Name | Title | Number of shares subscribed for in the Placing | Number of ordinary shares held following the Placing |
| Tony Sanders | Director | 75,000,000 | 107,287,499 |
| Guy Meyer | Director | 15,000,000 | 110,458,292 |
| Alan Simpson | Chief Technology Officer | 10,000,000 | 26,667,667 |
| John Farthing | Chief Financial 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 commented: “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 Tony Sanders |
Tel: 020 7929 7826 |
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Cairn Financial Advisers LLP, Nominated Adviser |
Tel: 020 7213 0880 |
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Alexander David Securities Limited, Joint Broker |
Tel: 020 7448 9820 |
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Turner Pope Investments Limited, Joint Broker |
Tel: 020 3621 4120 |
| 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 |
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| 2 | Reason for notification | ||||||
| a. | Position/Status |
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| b. | Initial notification/ Amendment |
Initial notification | |||||
| 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 |
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| b. | Nature of the transaction | Issue of shares in the Placing | |||||
| c. | Price(s) and volume(s) | ||||||
| Price(s) per share | Volume(s) | ||||||
| 0.10p | a) 75,000,000 b) 15,000,000 c) 10,000,000 d) 10,000,000 |
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| d. | Aggregated information
– Aggregated Volume – Price |
110,000,000 0.10p |
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| e. | Date of the transaction | 27 February 2019 | |||||
| f. | Place of the transaction | AIM, London Stock Exchange | |||||
Catenae Innovation #CTEA – Director Guy Meyer shareholding now 3.7%
Catenae Innovation Plc: Holding(s) in Company
TR-1: Standard form for notification of major holdings
| NOTIFICATION OF MAJOR HOLDINGS (to be sent to the relevant issuer and to the FCA in Microsoft Word format if possible)i | ||||||||
| 1a. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attachedii: | CATENAE INNOVATION PLC | |||||||
| 1b. Please indicate if the issuer is a non-UK issuer (please mark with an “X” if appropriate) | ||||||||
| Non-UK issuer | ||||||||
| 2. Reason for the notification (please mark the appropriate box or boxes with an “X”) | ||||||||
| An acquisition or disposal of voting rights | X | |||||||
| An acquisition or disposal of financial instruments | ||||||||
| An event changing the breakdown of voting rights | ||||||||
| Other (please specify)iii: | ||||||||
| 3. Details of person subject to the notification obligationiv | ||||||||
| Name | EDWARD GUY MEYER | |||||||
| City and country of registered office (if applicable) | LONDON, ENGLAND | |||||||
| 4. Full name of shareholder(s) (if different from 3.)v | ||||||||
| Name | ||||||||
| City and country of registered office (if applicable) | ||||||||
| 5. Date on which the threshold was crossed or reachedvi: | 07/11/2018 | |||||||
| 6. Date on which issuer notified (DD/MM/YYYY): | 07/11/2018 | |||||||
| 7. Total positions of person(s) subject to the notification obligation | ||||||||
| % of voting rights attached to shares (total of 8. A) | % of voting rights through financial instruments (total of 8.B 1 + 8.B 2) |
Total of both in % (8.A + 8.B) | Total number of voting rights of issuervii | |||||
| Resulting situation on the date on which threshold was crossed or reached | 3.70 | % | 3.70 | % | 2,578,601,652 | |||
| Position of previous notification (if applicable) |
N/A | N/A | ||||||
| 8. Notified details of the resulting situation on the date on which the threshold was crossed or reachedviii | |||||||||||
| A: Voting rights attached to shares | |||||||||||
| Class/type of shares ISIN code (if possible) |
Number of voting rightsix | % of voting rights | |||||||||
| Direct (Art 9 of Directive 2004/109/EC) (DTR5.1) |
Indirect (Art 10 of Directive 2004/109/EC) (DTR5.2.1) |
Direct (Art 9 of Directive 2004/109/EC) (DTR5.1) |
Indirect (Art 10 of Directive 2004/109/EC) (DTR5.2.1) |
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| GB0033127910 | 83,333,334 | 12,124,958 | 3.23 | % | 0.47 | % | |||||
| SUBTOTAL 8. A | 95,458,292 | 3.70 | % | ||||||||
| B 1: Financial Instruments according to Art. 13(1)(a) of Directive 2004/109/EC (DTR5.3.1.1 (a)) | |||||||||||
| Type of financial instrument | Expiration datex |
Exercise/ Conversion Periodxi |
Number of voting rights that may be acquired if the instrument is exercised/converted. |
% of voting rights | |||||||
| SUBTOTAL 8. B 1 | |||||||||||
| B 2: Financial Instruments with similar economic effect according to Art. 13(1)(b) of Directive 2004/109/EC (DTR5.3.1.1 (b)) | |||||||||||
| Type of financial instrument | Expiration datex |
Exercise/ Conversion Period xi |
Physical or cash settlementxii |
Number of voting rights | % of voting rights | ||||||
| SUBTOTAL 8.B.2 | |||||||||||
| 9. Information in relation to the person subject to the notification obligation (please mark the applicable box with an “X”) |
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| Person subject to the notification obligation is not controlled by any natural person or legal entity and does not control any other undertaking(s) holding directly or indirectly an interest in the (underlying) issuerxiii | X | |||
| Full chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held starting with the ultimate controlling natural person or legal entityxiv (please add additional rows as necessary) |
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| Namexv | % of voting rights if it equals or is higher than the notifiable threshold | % of voting rights through financial instruments if it equals or is higher than the notifiable threshold | Total of both if it equals or is higher than the notifiable threshold | |
| 10. In case of proxy voting, please identify: | ||||
| Name of the proxy holder | ||||
| The number and % of voting rights held | ||||
| The date until which the voting rights will be held | ||||
| 11. Additional informationxvi | ||||
| Place of completion | LONDON, ENGLAND |
| Date of completion | 07/11/2018 |
Catenae Innovation #CTEA – Issue of Equity and Directors dealings
Catenae (AIM:CTEA), the AIM-quoted provider of digital media and technology, is pleased to announce that it has agreed to issue a total of 500,000,000 new Ordinary shares of 0.10 pence per share in the Company at a price of 0.12 pence per share.
The Company will raise £524,945 in cash through the issue of 437,454,167 Subscription Shares. An institutional investor is subscribing for 300,000,000 shares, the Management and Directors of the Company are subscribing for 120,787,500 shares (which includes 16,666,667 shares within existing creditor shares figure below) with remaining 33,333,333 being subscriptions from new and existing shareholders. The Company will settle an existing creditor balance of £75,055 through the issue of 62,545,833 Shares.
Related Party Subscriptions:
Subscribed Previous holding Resultant holding
Edward Guy Meyer 83,333,334 12,124,958 95,458,292
Anthony Sanders 4,120,832 28,166,667 32,287,499
Alan Simpson* 16,666,667 0 16,666,667
*CTO classed as PDMR
The 500,000,000 new ordinary shares will rank pari passu with the existing Ordinary shares of Catenae.
Application will be made for the 500,000,000 new Ordinary shares to be admitted to trading on AIM, which is expected to occur on or around 7 November 2018.
Following the issue, the Company will have in issue 2,578,601,652 Ordinary shares with voting rights. 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.
Related Party Transaction
The issue of Subscription Shares to Directors A Sanders, E G Meyer and A Simpson as per the table above is a related party transaction pursuant to AIM Rule 13. Kevin Everett, a director of the Company who is independent of the transaction, having consulted with the Company’s nominated adviser believes that the terms of the transaction are fair and reasonable insofar as shareholders are concerned.
Tony Sanders – CEO: “The Company is at an interesting stage of its development underlined by the support of the senior management and Directors. Furthermore, we are pleased to complete this placing at a premium and welcome the support from the large UK based institutional investor, specialising in Tech companies, who has taken a significant stake in the business.”
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
Tony Sanders
Tel: 020 7929 7826
Cairn Financial Advisers LLP, Nominated Adviser
Liam Murray / Jo Turner
Tel: 020 7213 0880
Alexander David Securities Limited, Broker
David Scott / James Dewhurst
Tel: 020 7448 9820
Catenae Innovation #CTEA – Issue of Equity, Convertible Loans and Issue of Warrants
Catenae (AIM: CTEA), the AIM quoted provider of digital media and technology, announces that it has agreed to issue a total of 34,333,334 new ordinary shares of 0.1 pence per share in the Company at a price of 0.15 pence per share.
Issue of Equity
The Company has issued 7,666,667 new ordinary shares for cash at a price of 0.15 pence per share raising gross proceeds of £11,500. Guy Meyer, a director of the Company, has subscribed for 6,666,667 of these Subscription Shares.
Tony Sanders, a director of the Company, has converted £40,000 of a creditor balance owed to him into new ordinary shares in the Company at a price of 0.15 pence per share – representing 26,666,667 new ordinary shares.
The 34,333,334 new ordinary shares will rank pari passu with the existing ordinary shares of Catenae. Application will be made for the 34,333,334 ordinary shares to be admitted to trading on AIM, which is expected to occur on or around 25 April 2018.
Unsecured Convertible Loan Note
The Company also announces that it has raised £15,000, which would convert in up to 10,000,000 Loan Conversion Shares by way of a convertible loan at a price of 0.15 pence per share, the convertible loan note is interest-free and can be repaid by the Company at any time prior to 31 March 2019.
Issue of Warrants
The Company has issued warrants to the holders of the Subscription Shares and the Loan Conversion Shares, consequently the Company has issued warrants over 17,666,667 new ordinary shares, exercisable at a price of 0.25 pence per share at any time up until 31 March 2019.
Related Party Transaction
The issue of Subscription Shares and Conversion Shares and associated issue of warrants is a related party transaction pursuant to AIM Rule 13. Kevin Everett, a director of the Company who is independent of the transaction, having consulted with the Company’s nominated adviser believes that the terms of the transaction are fair and reasonable insofar as shareholders are concerned.
Total Voting Rights
Following the issue, Catenae will have in issue 1,959,768,320 ordinary shares with voting rights. 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.
Following the Warrant issue, the Company will have 179,368,783 options and 386,098,130 warrants in issue.
This announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014.
For further information:
| Catenae Innovation Plc Tony Sanders |
Tel: 020 7929 7826 |
| Cairn Financial Advisers LLP, Nominated Adviser Liam Murray / Jo Turner |
Tel: 020 7213 0880 |
| Cornhill Capital, Broker Dan Gee |
Tel: 020 3700 2500 |