Further re Agreements and update

RNS Number : 3952X

Catenae Innovation PLC

19 December 2019

 

Catenae Innovation plc

19 December 2019

CATENAE INNOVATION PLC
("Catenae" or the "Company")

Further re Agreements and update

Catenae (AIM:CTEA), the AIM quoted provider of digital media and technology, announces that, further to announcement 22 May 2019, it has signed a new agreement with Bradford City FC Community Foundation for "Onside".

Additionally, further to the announcement made 22 October 2018, the Company has signed a renewal agreement with Southend United Community and Educational Trust for "OnSide".

"OnSide" is a centralised management tool specifically developed for sports organisations.  It deals with all the key elements of community coaching from scheduling of staff and timesheet processing through to attendee management and reporting to internal and external stakeholders, all in a GDPR compliant platform.

Update

As announced on 6 December 2019, the Company has convened a General Meeting to be held at 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.

A circular was posted to shareholders providing details of a proposed capital reorganisation and increase of authorisation to issue shares on a non pre-emptive basis.

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.

Guy Meyer, Interim CEO stated:

"These contracts are a vote of confidence in the business, our product set and, in particular, the team of talented customer focused individuals who constantly innovate our offerings to meet the high expectations of our clients. The directors intend to place every effort into growing the Company and enhancing shareholder value over the next year."

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).

For further information:

Catenae Innovation Plc Guy Meyer	Tel: [phone]
Cairn Financial Advisers LLP, Nominated Adviser Liam Murray / Jo Turner	Tel: [phone]
Turner Pope Investments (TPI) Limited, Broker Andrew Thacker / Zoe Alexander	Tel: [phone]

 

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