Milestone Group PLC Catenae Innovation Plc. : Issue Of Equity And Update Settlement Agreement For October 2016 Placing
05 July 2018 - 4:00PM
UK Regulatory
TIDMMSG
CATENAE INNOVATION PLC
("Catenae" or the "Company")
Issue of Equity and Update Settlement Agreement for October 2016 Placing
Issue of Equity
Catenae (AIM: CTEA), the AIM quoted provider of digital media and
technology, announces that it has agreed to issue a total of 118,833,332
new ordinary shares of 0.1 pence per share in the Company.
The Company has issued 41,666,666 new ordinary shares (Subscription
Shares") at a price of 0.12 pence per share raising gross proceeds of
GBP50,000 in cash and will settle existing creditor balance of GBP83,000
through the issue of 29,166,666 Shares at 0.12 pence per share and
48,000,000 Shares at 0.1 pence per share.
The 118,833,332 new ordinary shares will rank pari passu with the
existing ordinary shares of Catenae. Application will be made for the
118,833,332 ordinary shares to be admitted to trading on AIM, which is
expected to occur on or around 11 July 2018.
Following the issue, Catenae will have in issue 2,078,601,652 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.
Update Settlement Agreement for October 2016 Placing
The Company provides a further update to the announcement made on 16
February 2018 relating to a compromise agreement ("Compromise
Agreement") with City of London Markets Limited. City of London Markets
Limited have now discharged their obligations under this agreement and
the Company considers this matter closed.
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
Cornhill Capital, Broker Tel: 020 3700 2500
Daniel Gee
This announcement is distributed by Nasdaq Corporate Solutions on behalf
of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely
responsible for the content, accuracy and originality of the information
contained therein.
Source: Catenae Innovation P.L.C. via Globenewswire
http://www.milestonegroup.co.uk/
(END) Dow Jones Newswires
July 05, 2018 02:00 ET (06:00 GMT)
Copyright (c) 2018 Dow Jones & Company, Inc.
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