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Catenae Innov. PLC - Creditor Share Conversion and Notice of AGM

RNS Number : 8910W
Catenae Innovation PLC
24 August 2020


 24 August 2020


Catenae Innovation PLC


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


Creditor Share Conversion and Notice of AGM


Catenae Innovation PLC (AIM: CTEA), the AIM quoted provider of digital media and technology, is pleased to announce that Markops Limited ("Markops"), the Group's newly appointed marketing agency, has, subject to AGM headroom approval, converted £12,500 of credit with the Company for services rendered. If the requisite resolution is passed, this will result in 342,465 ordinary shares in the Company being issued to Markops at a price of 3.65 pence per ordinary share ("Creditor Shares").


Application will be made to the London Stock Exchange to admit the Creditor Shares to trading on AIM. Admission of the 342,465 ordinary shares is expected to occur on or around 28 September 2020 ("Admission"). The new ordinary shares will rank pari passu with the existing ordinary shares.


For the purpose of the Disclosure and Transparency Rules, following Admission the enlarged issued share capital of the Company will comprise 221,091,508 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.

Notice of AGM


The Company also announces that its Annual General Meeting ("AGM") will be held on Friday, 25 September 2020 at 12 pm at the offices of the offices of Goodman Derrick LLP at 10 St Bride Street, London EC4A 4AD.


There will be a Q&A following the AGM using the Zoom Conferencing Platform. Details will be circulated with the AGM notices that will be sent to shareholders and will also be made available on the Company website.


Guy Meyer, Chief Executive Officer of Catenae, said: "We are pleased that our newly appointed marketing agency, Markops, has chosen to take a stake in the business, which highlights its confidence in the future prospects of the Company and aligns itself with our strategy.


"The team at Markops is instrumental in the repositioning of Catenae's business and brand and is helping to inject value into our product set, as well as introducing the Company to their corporate networks.


"We also look forward to our AGM following which, the Board will host a Q&A for our investors where there will be an opportunity to engage in, what I expect to be, productive discussions."


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, Chief Executive Officer of the Company.



- Ends -


For further information please contact:


Catenae Innovation PLC

+44 (0)191 580 8545

Guy Meyer, Chief Executive Officer

Cairn Financial Advisers LLP (Nominated Adviser)

+44(0)20 7213 0880

Liam Murray / Jo Turner



Brandon Hill Capital Limited, Broker

+44 (0)20 3463 5000

Andy Gutmann



Yellow Jersey PR (PR & IP)

+44 (0)20 3004 9512

Sarah Hollins / Annabel Atkins


Notes to Editors:


About Catenae Innovation PLC

Catenae Innovation is an AIM quoted provider of digital media and technology services. Catenae use the power of blockchain to deliver solutions where its people-centric technology enables trust and certainty allowing organisations to gain better control over their operations, manage staff and safely welcome customers.





About Markops Marketing Ltd.

Markops is a marketing consultancy that is built on the provision of value-based solutions to a wide array of communication challenges to enable businesses to thrive.




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Quick facts: Catenae Innovation PLC

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