Posting of Circular and Notice of General Meeting

RNS Number : 0561W

Catenae Innovation PLC

06 December 2019

 

CATENAE INNOVATION PLC

("Catenae" or the "Company")

Posting of Circular and Notice of General Meeting

The Company announces that it has posted a circular to shareholders providing details of a proposed capital reorganisation and increase of authorisation to issue shares on a non pre-emptive basis, which will require the approval of shareholders.

A General Meeting has therefore been convened for 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.

The proposed Capital Reorganisation comprises a consolidation of each Existing Ordinary Share of 0.1 pence each into a Consolidated Share of 10 pence each, immediately followed by a subdivision of each Consolidated Share into one New Ordinary Share of 0.2 pence and one Deferred Share of 9.8 pence. The Deferred Shares will be effectively valueless and retained by the Company for cancellation in due course.

Following the Capital Reorganisation, the Company's issued share capital will comprise 32,236,017 New Ordinary Shares and 32,236,017 Deferred Shares.

Application will be made to the London Stock Exchange for the New Ordinary Shares to be admitted to trading on AIM, which is expected to occur on or around 27 December 2019.

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.

A copy of the circular can be downloaded from the Company's website at www.catenaeinnovation.com

The ISIN for the New Ordinary Shares will be GB00BKM6CG53 and the SEDOL will be BKM6CG5.

Capitalised terms in this announcement carry the same meaning as defined in the Circular.

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 of the Company.

For further information:

Catenae Innovation Plc Guy Meyer	Tel: [phone]
Cairn Financial Advisers LLP, Nominated Adviser Liam Murray / Jo Turner	Tel: [phone]
Turner Pope Investments (TPI) Limited, Broker Andrew Thacker / Zoe Alexander	Tel: [phone]

 

END

 

 

MSCKMMGZGVMGLZM