Catenae Innovation Plc: Issue of Equity

CATENAE INNOVATION PLC

("Catenae" or the "Company")

Issue of Equity and Directors dealings

Catenae (AIM:CTEA), the AIM-quoted provider of digital media and technology, is pleased to announce that it has agreed to issue a total of 500,000,000 new Ordinary shares of 0.10 pence per share in the Company at a price of 0.12 pence per share.

The Company will raise £524,945 in cash through the issue of 437,454,167 Subscription Shares. An institutional investor is subscribing for 300,000,000 shares, the Management and Directors of the Company are subscribing for 120,787,500 shares (which includes 16,666,667 shares within existing creditor shares figure below) with remaining 33,333,333 being subscriptions from new and existing shareholders. The Company will settle an existing creditor balance of £75,055 through the issue of 62,545,833 Shares.

Related Party Subscriptions

                                                            Subscribed                 Previous holding               Resultant holding

Edward Guy Meyer                                 83,333,334                       12,124,958                      95,458,292

Anthony Sanders                                      4,120,832                       28,166,667                      32,287,499

Alan Simpson*                                        16,666,667                                      0                      16,666,667

_{^{*CTO classed as PDMR}}

The 500,000,000 new ordinary shares will rank pari passu with the existing Ordinary shares of Catenae. 

Application will be made for the 500,000,000 new Ordinary shares to be admitted to trading on AIM, which is expected to occur on or around 7 November 2018.

Following the issue, the Company will have in issue 2,578,601,652 Ordinary shares with voting rights.  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.

Related Party Transaction

The issue of Subscription Shares to Directors A Sanders, E G Meyer and A Simpson as per the table above is  a related party transaction pursuant to AIM Rule 13.  Kevin Everett, a director of the Company who is independent of the transaction, having consulted with the Company's nominated adviser believes that the terms of the transaction are fair and reasonable insofar as shareholders are concerned.

Tony Sanders - CEO

“The Company is at an interesting stage of its development underlined by the support of the senior management and Directors. Furthermore, we are pleased to complete this placing at a premium and welcome the support from the large UK based institutional investor, specialising in Tech companies, who has taken a significant stake in the business.”

 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 Tony Sanders (Chief Executive Officer).

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