Result of AGM, Change of Name & RPT

Catenae Innovation PLC

09 February 2024

 

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:

Catenae Innovation PLC	[phone]
Guy Meyer, Chief Executive Officer
Cairn Financial Advisers LLP (Nominated Adviser)	[phone]
Liam Murray / Jo Turner
Shard Capital Partners LLP (Broker)	[phone]
Damon Heath

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.

 

END