Catenai PLC
("Catenai" or the "Company")
Result of GM and Issue of
Equity
Catenai PLC (AIM: CTAI), the AIM
quoted provider of digital media and technology, announces that at
its General Meeting held today, all resolutions were duly
passed.
Further to the announcement on 12
March 2024, following Shareholder approval at the General Meeting,
the Company has issued 112,200,000 new ordinary shares at a price
of 0.3 pence per share (the "New Ordinary Shares") in relation to
the Second Tranche. The figure previously stated in the 12 March
2024 announcement for the Second Tranche was 112,199,997, the
revised figure is now 112,200,000.
The Second Tranche has been
satisfied through:-
|
Gross proceeds
|
£260,000
|
|
Fee shares to settle
liabilities
|
£56,600
|
|
Accrued director fees settled in
shares
|
£20,000
|
Directors' Interests Following Second
Tranche
As part of the Second Tranche,
accrued director fees of £20,000 has been settled through the issue
of 6,666,666 new ordinary shares at a price of 0.3 pence per share
as detailed in the table below:
|
Director
|
Current
Shares
|
Shares issued pursuant to the
Second Tranche
|
Resultant shareholding
following Admission
|
Resultant percentage
shareholding following Admission
|
|
John Farthing
|
620,837
|
1,666,666
|
2,287,503
|
0.58%
|
|
Brian Thompson*
|
6,263,759
|
5,000,000
|
11,263,759
|
2.85%
|
*1,666,666 new ordinary shares
of Brian Thompson's new ordinary shares are being issued to Brian
Thompson's spouse, in lieu of salary as a director of the Company's
historical subsidiary Hyperneph Software Limited
Admission
Application has been made to the
London Stock Exchange to admit the Company's New Ordinary Shares to
trading on AIM. Admission of the New Ordinary Shares is expected to
occur on or around 8 April 2024.
Total Voting Rights
For the purpose of the Disclosure
and Transparency Rules, following the issue of shares detailed
above the enlarged issued share capital of the Company will
comprise 394,574,451 ordinary shares of 0.2p each. 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.
Capitalised terms used in this
Announcement shall, unless otherwise defined, have the same meaning
as set out in the announcement on 12 March 2024.
This announcement contains inside
information for the purposes of the UK Market Abuse Regulation. The
person who arranged for release of this announcement on behalf of
the Company was John Farthing, Interim CEO & Chief Financial
Officer of the Company and the Directors of the Company are
responsible for the release of this announcement.
For further information please
contact:
|
Catenai PLC
|
+44 (0)20
7183 8666
|
|
John Farthing, Interim CEO & Chief Financial Officer
|
|
|
|
|
|
Cairn Financial Advisers LLP
(Nominated Adviser)
|
+44(0)20
7213 0880
|
|
Liam Murray / Jo Turner
|
|
|
|
|
|
Shard Capital Partners LLP
(Broker)
|
+44 (0)20
7186 9952
|
|
Damon Heath
|
|
|
|
|
Notes to Editors:
About Catenai PLC
Catenai is an AIM quoted provider of
digital media and technology services. The Company specialises in
IT solutions that solve commercial challenges and create
opportunities for its clients, with an
increasing focus incorporating AI into its platforms. The Company
has an experienced IT team of project managers and integrators who
have deployed systems across corporate, government and educational
sectors.
http://www.catenaiplc.com
|
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
|
A) John
Farthing
B) Brian
Thompson
|
|
2
|
Reason for notification
|
|
|
a.
|
Position/Status
|
A) Director of the
Company
B) Director of the
Company
|
|
b.
|
Initial notification/
Amendment
|
Initial notification
|
|
3
|
Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
|
|
a.
|
Name
|
Catenai 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 0.2 pence each
ISIN: GB00BN7DVG54
|
|
b.
|
Nature of the transaction
|
Issue of new ordinary shares pursuant
to the Second Tranche
|
|
c.
|
Price(s) and volume(s)
|
|
|
Price
|
Volume
|
|
A) 0.3p
|
A) 1,666,666
|
|
B) 0.3p
|
B)
5,000,000
|
|
|
|
|
|
|
|
d.
|
Aggregated information
- Aggregated Volume
- Price
|
|
|
e.
|
Date of the transaction
|
2 April 2024
|
|
f.
|
Place of the transaction
|
Off-market transaction
|