REG - Catenai PLC - Result of GM and Issue of Equity

CatenaiAnnouncement

03/04/2024 07:00

For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20240403:nRSC0601Ja&default-theme=true

RNS Number : 0601J  Catenai PLC  03 April 2024

Catenai PLC

("Catenai" or the "Company")

 

Result of GM and Issue of Equity

 

 

Catenai PLC (AIM: CTAI), the AIM quoted provider of digital media and
technology, announces that at its General Meeting held today, all resolutions
were duly passed.

 

Further to the announcement on 12 March 2024, following Shareholder approval
at the General Meeting, the Company has issued 112,200,000 new ordinary shares
at a price of 0.3 pence per share (the "New Ordinary Shares") in relation to
the Second Tranche. The figure previously stated in the 12 March 2024
announcement for the Second Tranche was 112,199,997, the revised figure is now
112,200,000.

 

The Second Tranche has been satisfied through:-

 

 Gross proceeds                           £260,000
 Fee shares to settle liabilities         £56,600
 Accrued director fees settled in shares  £20,000

 

 

Directors' Interests Following Second Tranche

 

As part of the Second Tranche, accrued director fees of £20,000 has been
settled through the issue of 6,666,666 new ordinary shares at a price of 0.3
pence per share as detailed in the table below:

 

 Director         Current Shares  Shares issued pursuant to the Second Tranche  Resultant shareholding following Admission                                  Resultant percentage shareholding following Admission
 John Farthing    620,837         1,666,666                                                                      2,287,503                                  0.58%
 Brian Thompson*  6,263,759       5,000,000                                                                   11,263,759                                    2.85%

( )

(*1,666,666 new ordinary shares of Brian Thompson's new ordinary shares are
being issued to Brian Thompson's spouse, in lieu of salary as a director of
the Company's historical subsidiary Hyperneph Software Limited)

 

 

Admission

Application has been made to the London Stock Exchange to admit the Company's
New Ordinary Shares to trading on AIM. Admission of the New Ordinary Shares is
expected to occur on or around 8 April 2024.

 

Total Voting Rights

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 394,574,451 ordinary shares of 0.2p 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.

 

 

Capitalised terms used in this Announcement shall, unless otherwise defined,
have the same meaning as set out in the announcement on 12 March 2024.

 

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 John Farthing, Interim CEO &
Chief Financial Officer of the Company and the Directors of the Company are
responsible for the release of this announcement.

 

For further information please contact:

 

 Catenai PLC                                               +44 (0)20 7183 8666
 John Farthing, Interim CEO & Chief Financial 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

 

 

Notes to Editors:

 

About Catenai PLC

Catenai is an AIM quoted provider of digital media and technology services.
The Company specialises in IT solutions that solve commercial challenges and
create opportunities for its clients, with an increasing focus incorporating
AI into its platforms. The Company has an experienced IT team of project
managers and integrators who have deployed systems across corporate,
government and educational sectors.

 

http://www.catenaiplc.com (http://www.catenaiplc.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                                                         A)   John Farthing

                                                                   B)    Brian Thompson

 2    Reason for notification
 a.   Position/Status                                              A)   Director of the Company

                                                                   B)    Director of the Company
 b.   Initial notification/                                        Initial notification

      Amendment
 3    Details of the issuer, emission allowance market participant, auction
      platform, auctioneer or auction monitor
 a.   Name                                                         Catenai 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  Ordinary shares of 0.2 pence each

Identification Code                                         ISIN: GB00BN7DVG54

 b.   Nature of the transaction                                    Issue of new ordinary shares pursuant to the Second Tranche
 c.   Price(s) and volume(s)                                                      Price          Volume
                                                                                  A)   0.3p      A)   1,666,666
                                                                                  B)    0.3p     B)    5,000,000

 

 d.   Aggregated information

      - Aggregated Volume

      - Price
 e.   Date of the transaction                                      2 April 2024
 f.   Place of the transaction                                     Off-market transaction

 

 

d.

Aggregated information

 

- Aggregated Volume

 

- Price

 

 

e.

Date of the transaction

2 April 2024

f.

Place of the transaction

Off-market transaction

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  ROMSSFFUEELSEIL