Change of Accounting Reference Date

RNS Number : 0593S

Catenae Innovation PLC

07 March 2023

 

7 March 2023

Catenae Innovation PLC

("Catenae", the "Company" or the "Group")

Change of Accounting Reference Date

Catenae Innovation PLC (AIM: CTEA), the AIM quoted provider of digital media and technology, announces that it will be changing its accounting reference date from 30 September to 31 December. Accordingly, in the current year Catenae anticipates it will publish audited financial accounts for the 15 month period to 31 December 2022 by no later than 31 March 2023.

Unaudited Financial Position as at 31 December 2022

For the 15 month period ended 31 December 2022, the Company's consolidated unaudited full year results recorded a l oss of £523,497 (12 month period ended 30 September 2021: loss of £1,246,948) with revenues of £152,437 (12 month period ended 30 September 2021: £30,210).

The Company's consolidated unaudited net asset position was £(118,297) (12 month period ended 30 September 2021: £381,926).  As at 31 December 2022, the Company had consolidated cash resources of £65,443 (30 September 2021: £605,082).

Change of Accounting Reference Date

The Company proposes to change its accounting reference date from 30 September to 31 December. As a result, Catenae's subsequent three financial reporting events will be as follows:

· Publication of full year results and audited annual report and accounts for the 15 month period ended 31 December 2022 by no later than 31 March 2023

· Publication of unaudited interim results for the six months ending 30 June 2023 by no later than 30 September 2023

· Publication of full year results and audited annual report and accounts for the 12 months ending 31 December 2023 by no later than 30 June 2024

Guy Meyer, Chief Executive Officer of Catenae, said:  

"The Company continues to pursue business opportunities following receipt of the £56,940 payment in February 2023. Also, the Company has not drawn down any funds under the convertible loan facility with Sanderson Capital Partners Ltd. referred to in the Company's interims announcement of 30 September 2022, as we spend funds solely focused on where the Board discerns the best probability of profitable returns."

"We look forward to keeping the market updated on further progress."

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
Yellow Jersey PR (PR & IR)	[phone]
Sarah Hollins

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.

 

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