Transfer and Exercise of Warrants

RNS Number : 2768T

Catenae Innovation PLC

17 July 2020

 

Catenae Innovation PLC

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

Directors' Dealings / Transfer and Exercise of Warrants

Catenae Innovation PLC (AIM: CTEA), the AIM quoted provider of digital media and technology, announces the transfer of 3,750,000 warrants from Brian Thompson, a director of the Company to Guy Meyer and John Farthing (also directors of the Company) and the subsequent exercise of the warrants and issue of equity.

Transfer of Warrants

Brian Thompson has transferred warrants over 2,500,000 new ordinary shares to Guy Meyer and warrants to John Farthing over 1,250,000 new ordinary shares. The warrants are exercisable at a price of 0.4 pence per new ordinary share, details of which are set out below.

Following the warrant transfer, Brian Thompson holds warrants over 26,931,818 new ordinary shares in the Company, exercisable at 0.4 pence per share.  These warrants may be exercised at any time prior to 14 May 2022.

Exercise of Warrants & Issue of Equity

The Company has received notification of exercise of the warrants over 3,750,000 ordinary shares, providing the Company with proceeds of £15,000. Following the warrant exercises, details of resulting shareholdings of the directors of the Company are set out below:

Director	Shareholding prior to exercise of warrant referred to above	Shares issued pursuant to warrant exercise	Shareholding subsequent to the warrant exercise	% of enlarged issued share capital following warrant exercise
Brian Thompson	31,318,797	-	31,318,797	14.2%
Guy Meyer	3,104,582	2,500,000	5,604,582	2.5%
John Farthing	1,341,702	1,250,000	2,591,702	1.2%

Guy Meyer and John Farthing have both entered into a lock-in deed with the Company, undertaking not to dispose of the shares held as a result of the warrant exercise for a period of 12 months from their admission to trading on AIM.

Application will be made to the London Stock Exchange to admit the 3,750,000 new ordinary shares resulting from the exercise of warrants to trading on AIM.  Admission of the new ordinary shares is expected to occur on or around 22 July 2020.  The new ordinary shares will rank pari passu with the existing ordinary shares.

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 220,749,043 ordinary shares of 0.2 pence 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.

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.

- Ends -

For further information please contact:

Catenae Innovation PLC	[phone]
Guy Meyer, Interim CEO
Cairn Financial Advisers LLP (Nominated Adviser)	[phone]
Liam Murray / Jo Turner
Brandon Hill Capital Limited, Broker	[phone]
Andy Gutmann	[phone]
Yellow Jersey PR (PR & IR)	[phone]
Sarah Hollins / Annabel Atkins

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

Notification of a Transaction pursuant to Article 19(1) of Regulation (EU) No. 596/2014
1	Details of the person discharging managerial responsibilities/person closely associated
a.	Name	Brian Thompson
2	Reason for notification
a.	Position/Status	Non-Executive Chairman
b.	Initial notification/ Amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a.	Name	Catenae Innovation plc
b.	LEI	2138007I2D8YWPMSP544
4	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a.	Description of the financial instrument, type of instrument Identification Code	Warrant over ordinary shares of 0.2p each   ISIN: GB00BKM6CG53
b.	Nature of the transaction	Transfer of warrants
c.	Price(s) and volume(s)
			Price(s) per share	Volume(s)
			0.4p	3,750,000
d.	Aggregated information - Aggregated Volume - Price	n/a n/a
e.	Date of the transaction	16 July 2020
f.	Place of the transaction	AIM, London Stock Exchange

Notification of a Transaction pursuant to Article 19(1) of Regulation (EU) No. 596/2014
1	Details of the person discharging managerial responsibilities/person closely associated
a.	Name	a)  Guy Meyer b)  John Farthing
2	Reason for notification
a.	Position/Status	a)  Interim CEO b)  CFO
b.	Initial notification/ Amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a.	Name	Catenae Innovation plc
b.	LEI	2138007I2D8YWPMSP544
4	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a.	Description of the financial instrument, type of instrument Identification Code	Warrant over ordinary shares of 0.2p each   ISIN: GB00BKM6CG53
b.	Nature of the transaction	Exercise of warrants
c.	Price(s) and volume(s)
			Price(s) per share	Volume(s)
			a)  0.4p b)  0.4p	a)  2,500,000 b)  1,250,000
d.	Aggregated information - Aggregated Volume - Price	3,750,000 0.4p
e.	Date of the transaction	16 July 2020
f.	Place of the transaction	AIM, London Stock Exchange

 

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