Catenae Innovation - Further re:- Hyperneph Software Limited
17/05/2022 07:00
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RNS Number : 6819L Catenae Innovation PLC 17 May 2022
Catenae Innovation PLC
("Catenae" or the "Company")
Further re:- Hyperneph Software Limited
The Company announces that it has received a claim from certain minority
shareholders in its subsidiary undertaking - Hyperneph Software Limited in
relation to the acquisition agreement announced on 4 May 2021. The claim is
for a specified sum of £49,875 along with specific performance of various
clauses under the acquisition agreement. The Company, based on its legal
advice does not believe there is any merit to the claim and intends to submit
a counterclaim.
The Company's shares were temporarily suspended from trading on AIM pursuant
to AIM Rule 41 with effect from 07:30 on 1 April 2022 as it was not in a
position to complete the audit of its financial statements to 30 September
2021. A company's shares can remain suspended up to 6 months from the date
of suspension, following which its shares would be cancelled from trading on
AIM.
The Company currently has cash resources of approximately £328,000.
- Ends -
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 +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
Shard Capital Partners LLP (Broker) +44 (0)20 7186 9952
Damon Heath
Yellow Jersey PR (PR & IR) +44 (0)20 3004 9512
Sarah Hollins / Annabel Atkins / James Lingfield
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.
www.catenaeinnovation.com (http://www.catenaeinnovation.com)
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