Exercise of warrants and total voting rights

RNS Number : 0050S

Catena Group PLC

11 March 2021

 

This announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) 596/2014 as it forms part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018 ("MAR"), and is disclosed in accordance with the company's obligations under Article 17 of MAR.

11 March 2021

Catena Group PLC

("Catena" or the "Company")

Exercise of warrants and total voting rights

The Company announces that it has received warrant exercise notices from Richard Bernstein over an aggregate of 1,000,000 new ordinary shares of 1 pence each in the Company ("Ordinary Shares"). Of the new Ordinary Shares, 500,000 warrants have an exercise price of 10p and 500,000 warrants have an exercise price of 25p. The exercise of these warrants provides the Company with proceeds of £175,000.

Following the issue of the new Ordinary Shares, Richard Bernsteins's interest in the share capital of the Company will comprise 11,721,000 Ordinary Shares, representing 27.5 per cent. of the Company's issued share capital.

Admission

The existing ordinary shares of Catena are currently temporarily suspended pending the publication of an admission document in respect of a potential acquisition of Insight, which is deemed to be a reverse takeover under the AIM Rules, or the release of an announcement by the Company confirming that discussion and all activity relating to the potential acquisition of Insight have terminated.  However, application will be made to the London Stock Exchange for the 1,000,000 new Ordinary Shares to be admitted to trading on AIM following either of these events having occurred.

Total Voting Rights

Following the issue of these new Ordinary Shares, the Company will have 42,661,638 Ordinary Shares in issue, none of which will be held in treasury.  Accordingly, the total number of voting rights in the Company will be 42,661,638 and shareholders may use this figure 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 FCA's Disclosure Guidance and Transparency Rules. 

 * ENDS *

This announcement has been released by Matthew Farnum-Schneider, Chief Executive, on behalf of the Company.

For further information, please visit www.catenagroup.co.uk or contact:

Catena Group PLC Matthew Farnum-Schneider, Chief Executive	[phone]
Zeus Capital Limited (Nominated Adviser & Broker) David Foreman / Daniel Harris / Rishi Majithia	[phone]
SEC Newgate (Financial PR) Robin Tozer	[phone] [e-mail]

 

END

 

 

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