Catena Media announces outcome of warrants exercised post-Q3 2022 report subscription period
Catena Media plc (“Catena Media” or the “company”) today announces the outcome of the subscription period following the publication of the interim report for the third quarter of 2022 (“subscription period”) of the warrants 2020/2024 (“warrants”) issued as part of the rights issue of units.
Exercise of warrants
A total of 6,864 warrants, corresponding to approximately 0.02 percent of all outstanding warrants (being approximately 0.015 percent of all warrants issued as part of the rights issue), were used to subscribe for the same number of new ordinary shares in the company. The subscription price for each share was SEK 18.90. Payment for the new ordinary shares was made in cash totalling approximately SEK 15,330 and by set-off of the company’s hybrid capital securities (“capital securities”) totalling SEK 114,400.
No subscribed shares were paid exclusively in cash, and 6,864 were paid by set-off and in cash. Holders who paid for their shares by set-off had to pay an additional cash amount to cover remaining parts of the subscription price (that is, to the extent the subscription price exceeded the nominal amount of the capital securities used for set-off), meaning that the company will receive approximately SEK 15,330 in total cash before issue costs. In total, 1,144 capital securities (each with a nominal amount of SEK 100) were used to subscribe for the 6,864 shares paid by set-off and in cash, meaning that a total nominal amount of SEK 114,400 of the company’s capital securities was used for set-off purposes.
The total outstanding nominal amount of the capital securities will be reduced from SEK 549,243,800 to 549,129,400 SEK through a cancellation of the capital securities used for the aforementioned set-off in accordance with the securities’ terms and conditions.
Increase in number of shares and share capital
The exercise of warrants during the subscription period will raise the number of shares in Catena Media by 6,864, from 76,323,995 to 76,330,859. The share capital will increase by EUR 10.30, from EUR 114,485.99 to EUR 114,496.29.
Other information
The shares subscribed by the exercise of warrants are expected to be delivered and admitted to trading on Nasdaq Stockholm following registration with relevant authorities.
The next period to subscribe for shares by exercise of warrants will commence on the day following the publication of the company’s interim report for the fourth quarter of 2022 (expected to be 22 February 2023). Subsequent subscription periods will follow the publication of each quarterly report up to and including the report for the second quarter of 2024.
Contact details for further information:
Peter Messner, Group CFO
Phone: +46 768 95 26 93, Email: peter.messner@catenamedia.com
Investor Relations
Email: ir@catenamedia.com
The information was submitted for publication by the contact persons set out above at 08:00 CET on 29 November 2022.
About Catena Media
Catena Media is a global leader in generating high-value leads for operators of online casino, sports betting and financial trading platforms. The group’s large portfolio of web-based affiliation brands guides online users to customer websites and enriches the experience of players worldwide. Headquartered in Malta, the group employs over 450 people in Europe, North America, Asia-Pacific and Oceania. The share (CTM) is listed on Nasdaq Stockholm Mid Cap. For further information see catenamedia.com.