Catena Media resolves upon a directed new issue of shares as payment for assets acquired in April 2018
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 a press release on 13 April 2018, resolved upon a directed new issue of 170,221 shares at a subscription price of SEK 120.97 per share, as payment of part of the purchase price for acquired assets in ParisSportifs.com.
On 13 April 2018, the Company announced that it had acquired assets in ParisSportifs.com, and that EUR 2.0 million of the purchase price could be paid in form of newly issued shares in Catena Media plc. 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 170,221 shares to the seller of the assets.
The subscription price amounts to SEK 120.97 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 12 April 2018. As previously announced the shares will be subject to a lock-up period of six months effective from the closing date of the transaction.
Through the share issue, the number of ordinary shares in Catena Media increases by 170,221 shares from 54,391,469 shares to 54,561,690 shares and the share capital increases by EUR 255 from EUR 81,587 to EUR 81,842.
For further information, please contact:
Henrik Persson Ekdahl, Acting CEO, Catena Media plc
Phone: +46 706 91 43 43, E-mail: henrik.persson@catenamedia.com
Åsa Hillsten, Head of IR & Communications, Catena Media plc
Phone: +46 700 81 81 17, E-mail: asa.hillsten@catenamedia.com
The information was submitted for publication, through the agency of the contact persons set out above, on May 15, 2018 at 20:30 CET.
About Catena Media
Catena Media provides companies with high quality online lead generation. Through strong organic growth and strategic acquisitions, Catena Media has since 2012 established a leading market position with approximately 300 employees in the US, Australia, Japan, Serbia, UK, Sweden and Malta (HQ). Total sales in 2017 reached EUR 67.6 million. The company is listed on Nasdaq Stockholm Mid Cap.
Further information is available at www.catenamedia.com