Catena Media resolves upon a directed new issue of shares as payment for assets acquired in December 2016

The board of directors of Catena Media plc (“Catena Media” or the “Company”) has, under the authorization in the articles of association of the Company and in accordance with the press release from the Company on 14 December 2016, resolved upon a directed new issue of 117,805 ordinary shares as payment of part of the first additional purchase price for acquired assets in the US in December 2016. The subscription price has been set at EUR 7.6381147 per share.

On 14 December 2016, the Company announced that it had acquired websites and other affiliate related assets in the US, including the websites playnj.com and uspoker.com, and that parts of the additional purchase price for the assets can be paid in form of newly issued shares in Catena Media.

In light of the foregoing, the board of directors of the Company has, under the authorization in the articles of association of the Company, resolved upon a directed share issue of 117,805 ordinary shares to the sellers of the assets as part of payment of the first additional purchase price, corresponding to a total amount of approximately EUR 899,808. The sellers have undertaken to not, during a period of six months, sell, offer, pledge or otherwise transfer or dispose of the shares in the Company without the prior written consent of Catena Media. The subscription price in the share issue amounts to EUR 7.6381147 per share, corresponding to the volume-weighted average price for Catena Media’s share on Nasdaq Stockholm during a period of 30 trading days up to and including 30 October 2017.

Through the share issue, the number of ordinary shares in Catena Media increases by 117,805 from 51,979,096 shares to 52,096,901 and the share capital increase by EUR 176.7075 from EUR 77,968.644 to EUR 78,145.3515.

For further information, please contact:  

Henrik Persson Ekdahl, CEO, Catena Media
Phone:
+46 706 91 43 43
E-mail: henrik.persson@catenamedia.com
www.catenamedia.com

Anne Rhenman Eklund, Head of IR and Communications 
Tel: +356 99 36 82 18
E-mail: anne.rhenman@catenamedia.com
www.catenamedia.com 

The information was submitted for publication, through the agency of the contact person set out above, on November 28, 2017 at 16.00 CET.  

About Catena Media

Catena Media plc is an online performance marketing company that has established a leading position through strong organic growth and acquisitions.  The business was started in 2012 and the group has approximately 245 employees in the US, Australia, Japan, Serbia, UK, and Malta, where the Head Office is situated. In 2016, revenues reached approximately EUR 40 million. The company is listed on Nasdaq Stockholm Mid Cap. Further information is available at www.catenamedia.com

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