Result of GM and Issue of Equity
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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.
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/ Amendment | Initial notification |
| a. | Name | Catenai plc |
| b. | LEI | 2138007I2D8YWPMSP544 |
| a. | Description of the financial instrument, type of instrument Identification Code | Ordinary shares of 0.2 pence each 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 | |
| f. | Place of the transaction | Off-market transaction |
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