Catena Media announces outcome of warrants exercised post-Q4 2023 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 fourth quarter of 2023 (“subscription period”) of the warrants 2020/2024 (“warrants”) issued as part of the rights issue of units.

Exercise of warrants

A total of 48 warrants 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 SEK 7.2 and by set-off of the company’s hybrid capital securities (“capital securities”) totalling SEK 900.

No shares were paid exclusively in cash, and 48 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 SEK 7.2 in cash before issue costs. In total, 9 capital securities (each with a nominal amount of SEK 100) were used to subscribe for the 48 shares paid by set-off and in cash, meaning that a total nominal amount of SEK 900 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 455,126,100 to 455,125,200 SEK through a cancellation of the capital securities used for the aforementioned set-off in accordance with the securities’ terms and conditions.

Following the subscription period the total number of outstanding warrants stands at 27,022,940.

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 48, from 78,773,374 to 78,773,422. The share capital will increase by EUR 0.07, from EUR 118,160.06 to EUR 118,160.13.

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 first quarter of 2024 (expected to be 7 May 2024). 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:

Investor Relations
Email: [email protected]

Erik Edeen, Interim Group CFO
Email: [email protected]

The information was submitted for publication by the contact persons set out above at 07:00 CET on 29 February 2024.

About Catena Media
Catena Media is a leader in generating high-value leads for operators of online casino and sports betting platforms. The group’s large portfolio of brands guides users to customer websites and enriches the experience of players worldwide. Headquartered in Malta, the group employs over 250 people globally. The share (CTM) is listed on Nasdaq Stockholm Mid Cap. For further information see catenamedia.com.