Catenae Innovation PLC Posting of Circular and Notice of General Meeting (0561W)
December 06 2019 - 4:53AM
UK Regulatory
TIDMCTEA
RNS Number : 0561W
Catenae Innovation PLC
06 December 2019
CATENAE INNOVATION PLC
("Catenae" or the "Company")
Posting of Circular and Notice of General Meeting
The Company announces that it has posted a circular to
shareholders providing details of a proposed capital reorganisation
and increase of authorisation to issue shares on a non pre-emptive
basis, which will require the approval of shareholders.
A General Meeting has therefore been convened for 11:00am on 23
December 2019, to be held at the offices of the Company's recently
appointed corporate lawyers, Goodman Derrick LLP, Fifth Floor, 10
St Bride Street, London EC4A 4AD.
The proposed Capital Reorganisation comprises a consolidation of
each Existing Ordinary Share of 0.1 pence each into a Consolidated
Share of 10 pence each, immediately followed by a subdivision of
each Consolidated Share into one New Ordinary Share of 0.2 pence
and one Deferred Share of 9.8 pence. The Deferred Shares will be
effectively valueless and retained by the Company for cancellation
in due course.
Following the Capital Reorganisation, the Company's issued share
capital will comprise 32,236,017 New Ordinary Shares and 32,236,017
Deferred Shares.
Application will be made to the London Stock Exchange for the
New Ordinary Shares to be admitted to trading on AIM, which is
expected to occur on or around 27 December 2019.
The Company continues to carefully manage its working capital
position and intends to raise further capital in the near future in
order to underpin the next phase of development. The Capital
Reorganisation will facilitate a future fundraise.
A copy of the circular can be downloaded from the Company's
website at www.catenaeinnovation.com
The ISIN for the New Ordinary Shares will be GB00BKM6CG53 and
the SEDOL will be BKM6CG5.
Capitalised terms in this announcement carry the same meaning as
defined in the Circular.
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.
For further information:
Catenae Innovation Plc Tel: 020 7929
Guy Meyer 7826
Cairn Financial Advisers LLP, Nominated Adviser Tel: 020 7213
Liam Murray / Jo Turner 0880
Turner Pope Investments (TPI) Limited, Broker Tel: 020 3657
Andrew Thacker / Zoe Alexander 0050
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 or visit www.rns.com.
END
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