Share Price Movement and Update

RNS Number : 7118P

Catenae Innovation PLC

11 June 2020

 

11 June 2020

Catenae Innovation PLC

("Catenae", or the "Company")

Share Price Movement and Update

Catenae Innovation PLC (AIM: CTEA), the AIM quoted provider of digital media and technology, notes the recent movement in its share price and provides the following update.

On 29 May 2020 the Company announced an agreement with Newcastle Premier Health Ltd ("NPH") for it to provide its knowhow and to pilot the Company's Cov-ID project. A proof of concept relating to the Cov-ID project was expected to be announced within a few weeks of that date.

The Company anticipates being able to update the market in relation to a proof of concept by 19 June 2020.

Furthermore, the Company is in discussion with its broker in relation to a possible fundraise.  If a fundraise occurs it will be at a significant discount to the current share price.

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.

- Ends -

For further information please contact:

Catenae Innovation PLC	[phone]
Guy Meyer, Interim Chief Executive Officer
Cairn Financial Advisers LLP (Nominated Adviser)	[phone]
Liam Murray Jo Turner
Brandon Hill Capital Limited (Broker) Andy Gutmann	[phone] [phone]
Yellow Jersey PR (PR & IR)	[phone]
Sarah Hollins Annabel Atkins

 

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