Catenae Innovation
PLC
("Catenae", the "Company" or the "Group")
Result of AGM, Change of Name
& Related Party Transaction
Catenae Innovation PLC (AIM: CTEA),
the AIM quoted provider of digital media and technology, announces
that at its Annual General Meeting held today, all resolutions were
duly passed, including the change of name to Catenai plc and the
share capital reorganisation.
Once the change of name takes
effect, the Group's ticker for AIM will be CTAI (formerly CTEA).
The Company's new website address, containing the information
required to be published pursuant to Rule 26 of the AIM Rules for
Companies, will be announced in due course.
Pursuant to the Capital
Reorganisation, the Company's 285,038,925 Existing Ordinary Shares
of 0.2p each will be consolidated into 57,007,785 ordinary shares
of 0.2p each, being the New Ordinary Shares. The ISIN and
SEDOL code of the New Ordinary Shares will be GB00BN7DVG54 and
BN7DVG5, respectively.
A further update will be provided in
due course, once the change of name and ticker have taken
effect.
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 12 February 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 57,007,785 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.
Related Party Transaction
Further to the announcement on 4
December 2023, in relation to an insurance policy renewal through
B.T.I.C. Limited, a company controlled by Brian Thompson, a
director of the Company, an additional payment of £103.04 is
required for insurance premium tax (the "Transaction").
The Transaction constitutes a
related party transaction for the purposes of Rule 13 of the AIM
Rules by virtue of Brian Thompson being a director of the Company
and controller of B.T.I.C. Limited and therefore B.T.I.C. Limited
is a related party. Guy Meyer and John Farthing, being directors of
the Company independent of the Transaction, having consulted with
the Company's nominated adviser, Cairn Financial Advisers LLP,
consider that, the terms of the Transaction are fair and reasonable
in so far as the Company's shareholders are concerned.
The Company continues to carefully
manage its working capital position.
Capitalised terms used in this
Announcement shall, unless otherwise defined, have the same meaning
as set out in the announcement on 17 January 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 Guy Meyer, Chief Executive Officer of the Company
and the Directors of the Company are responsible for the release of
this announcement.
For further information please
contact:
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Catenae Innovation PLC
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+44 (0)191
580 8545
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Guy Meyer, Chief Executive
Officer
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Cairn Financial Advisers LLP
(Nominated Adviser)
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+44(0)20
7213 0880
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Liam Murray / Jo Turner
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Shard Capital Partners LLP
(Broker)
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+44 (0)20
7186 9952
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Damon Heath
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Notes to Editors:
About Catenae Innovation PLC
Catenae Innovation is an AIM quoted
provider of digital media and technology services. The Company
specialises in Distributed Ledger Technology solutions that solve
commercial challenges and create opportunities for its clients. The
Company has an experienced IT team of project managers and
integrators who have deployed systems across corporate, government
and educational sectors.
www.catenaeinnovation.com
Caution regarding forward looking
statements
Certain statements in this
announcement, are, or may be deemed to be, forward looking
statements. Forward looking statements are identified by their use
of terms and phrases such as ''believe'', ''could'', "should"
''envisage'', ''estimate'', ''intend'', ''may'', ''plan'',
''potentially'', "expect", ''will'' or the negative of those,
variations or comparable expressions, including references to
assumptions. These forward looking statements are not based on
historical facts but rather on the Directors' current expectations
and assumptions regarding the Company's future growth, results of
operations, performance, future capital and other expenditures
(including the amount, nature and sources of funding thereof),
competitive advantages, business prospects and opportunities. Such
forward looking statements reflect the Directors' current beliefs
and assumptions and are based on information currently available to
the Directors.