Update re Working Capital

RNS Number : 7279X

Catenae Innovation PLC

20 December 2019

 

CATENAE INNOVATION PLC
("Catenae" or the "Company")

Update re Working Capital

Catenae (AIM:CTEA), the AIM quoted provider of digital media and technology, wishes to update the market that its trading performance continues to be below management expectations, as notified on 11 September 2019, and the Company's financial position remains weak.  The Directors have convened a general meeting for Monday 23 December 2019, where resolutions will be proposed that will enable the Company to raise new equity finance.  In the event that the resolutions are not passed, the Directors will need to urgently seek alternative sources of finance as it is important that significant additional funding is secured in the near term in order to provide a sustainable basis on which the Company can continue to operate.

A further announcement will be made in due course.

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).

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]

 

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