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Catenae Innovation PLC announced on 29 April 2022 that it continues to work on completing its audited financial statements for the period to 30 September 2021. The Company also reported an outstanding dispute with certain shareholders of Hyperneph Software Limited, its 51% subsidiary. Pursuant to AIM Rule 41, Catenae has six months from the date its shares were suspended to publish these accounts to prevent cancellation of admission to trading on AIM.
| Date | 29 Apr 2022 |
| Time | 07:00:02 |
| Category | Miscellaneous |
| ID | 7589J |
Catenae Innovation PLC
("Catenae" or the "Company")
Further re:- Suspension of Trading on AIM
Further to the Company's announcement of 23 March 2022, the Company advises that it continues to work to complete the audited financial statements for the period to 30 September 2021.
The dispute with certain shareholders of Hyperneph Software Limited, the Company's 51% subsidiary remains outstanding.
The Company will request a restoration of its listing once the Company's audited report and accounts for the year ended 30 September 2021 have been published. A further announcement will be made in due course.
Pursuant to AIM Rule 41, the Company has six months from the date its shares were suspended to publish audited accounts for the year ended 30 September 2021 to prevent cancellation of the admission of its ordinary shares to trading on AIM.
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The person who arranged for release of this announcement on behalf of the Company was Guy Meyer, Chief Executive Officer of the Company and the Directors of the Company are responsible for the release of this announcement.
For further information please contact:
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Catenae Innovation PLC |
+44 (0)191 580 8545 |
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Guy Meyer, Chief Executive Officer |
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Cairn Financial Advisers LLP (Nominated Adviser) |
+44(0)20 7213 0880 |
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Liam Murray / Jo Turner |
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Shard Capital Partners LLP, Broker |
+44 (0)20 7186 9952 |
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Damon Heath |
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Yellow Jersey PR (PR & IR) |
+44 (0)20 3004 9512 |
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Sarah Hollins / Annabel Atkins / Matthew McHale |
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Notes to Editors:
About Catenae Innovation PLC
Catenae Innovation is an AIM quoted provider of digital media and technology services. Catenae use the power of blockchain to deliver solutions where its people-centric technology enables trust and certainty allowing organisations to gain better control over their operations, manage staff and safely welcome customers.
Forward-Looking Statements
Certain statements made in this announcement are forward-looking statements. These forward-looking statements are not historical facts but rather are based on the Company's current expectations, estimates, and projections about its industry; its beliefs; and assumptions. Words such as 'anticipates,' 'expects,' 'intends,' 'plans,' 'believes,' 'seeks,' 'estimates,' and similar expressions are intended to identify forward-looking statements. These statements are not guarantees of future performance and are subject to known and unknown risks, uncertainties, and other factors, some of which are beyond the Company's control, are difficult to predict, and could cause actual results to differ materially from those expressed or forecasted in the forward-looking statements.
The Company cautions security holders and prospective security holders not to place undue reliance on these forward-looking statements, which reflect the view of the Company only as of the date of this announcement. The forward-looking statements made in this announcement relate only to events as of the date on which the statements are made. The Company will not undertake any obligation to release publicly any revisions or updates to these forward-looking statements to reflect events, circumstances, or unanticipated events occurring after the date of this announcement except as required by law or by any appropriate regulatory authority.