Catena Media announces the outcome of the exercise of warrants during the first subscription period

Catena Media plc (Nasdaq Stockholm: CTM)

Catena Media plc (“Catena Media” or the “Company”) today announces the outcome of the first subscription period of the warrants 2020/2024 (“Warrants”) issued as part of the rights issue of units. In total, 5,124,004 Warrants, comprising approximately 11.1 per cent. of all outstanding Warrants, were used to subscribe for the same number of new ordinary shares in the Company. Payment for the new ordinary shares has been made in cash with a total amount of approximately SEK 72.3 million and by set-off of the Company’s hybrid capital securities (“Capital Securities”) to a total amount of approximately SEK 24.5 million.

Exercise of Warrants

During the first subscription period, a total of 5,124,004 Warrants were used to subscribe for 5,124,004 ordinary shares in the Company, corresponding to approximately 11.1 per cent. of all outstanding Warrants. The subscription price for each share was SEK 18.90. 3,734,420 subscribed shares have been paid in cash, and an additional cash amount has been paid by holders paying by set-off to cover remaining parts of the subscription price (i.e. to the extent the subscription price has exceeded the nominal amount of the Capital Securities used for set-off), meaning that the Company will receive approximately SEK 72.3 million in total before issue costs. In addition, 1,389,584 subscribed shares have been paid by setting off the nominal amount of 245,046 Capital Securities (each with a nominal amount of SEK 100), meaning that a total nominal amount of SEK 24,504,600 of the Company’s Capital Securities have been used for set-off purposes and that the total outstanding nominal amount of the Capital Securities will be reduced from SEK 684,097,100 to SEK 659,592,500.

Increase in number of shares and share capital

Through the exercise of Warrants during the first subscription period, the number of shares in Catena Media will increase by 5,124,004 shares, from 61,568,740 to 66,692,744 shares. The share capital will increase by EUR 7,686.006, from EUR 92,353.11 to EUR 100,039.116.

Other information

The shares subscribed by exercise of Warrants are expected to be delivered and admitted to trading on Nasdaq Stockholm within two weeks from the last day of the subscription period (i.e. 19 July 2020) subject to the turnaround time with the 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 second quarter of 2020 (expected to be published on 19 August 2020). Subsequent subscription periods will follow after the publication of each quarterly report up to and including the report for the second quarter of 2024.

For further information, please contact:

Per Hellberg, CEO, Catena Media plc

Phone: +46 709 10 74 10, E-mail: per.hellberg@catenamedia.com

Peter Messner, Group CFO, Catena Media plc

Phone: +46 768 95 26, E-mail: peter.messner@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 21 July 2020 at 11.00 CET.

About Catena Media
Catena Media has a leading position within online lead generation. The Company has about 400 employees in US, Australia, Japan, Serbia, UK, Sweden, Italy and Malta (HQ). The Company is listed on Nasdaq Stockholm. Further information is available at www.catenamedia.com

Important information
The information in this press release does not contain or constitute an offer to acquire, subscribe or otherwise trade in shares, units, unit rights, warrants, hybrid capital securities or other securities in Catena Media. Any invitation to the persons concerned to subscribe for units consisting of warrants in Catena Media has only been made through the prospectus that Catena Media published on its website after approval and registration with the Swedish Financial Supervisory Authority (Sw. Finansinspektionen).

The information in this press release may not be released, distributed or published, directly or indirectly, in or into the United States, Australia, Japan, Canada, New Zealand, South Africa, Hong Kong, Switzerland, Singapore or any other jurisdiction in which such action would be unlawful or would require registration or any other measures than those required by Maltese or Swedish law. Actions in violation of these restrictions may constitute a violation of applicable securities laws.

No shares, units, unit rights, warrants, hybrid capital securities or other securities in Catena Media have been registered, and no shares, units, unit rights, warrants, hybrid capital securities or other securities will be registered under the United States Securities Act of 1933, as amended (the “Securities Act”) or the securities legislation of any state or other jurisdiction in the United States and no shares, units, unit rights, warrants, hybrid capital securities or other securities may be offered, sold or otherwise transferred, directly or indirectly, in or into the United States, except under an available exemption from, or in a transaction not subject to, the registration requirements under the Securities Act and in compliance with the securities legislation in the relevant state or any other jurisdiction of the United States.

Matters discussed in this announcement may constitute forward-looking statements. Forward-looking statements are statements that are not historical facts and may be identified by words such as “believe,” “expect,” “anticipate,” “intends,” “estimate,” “will,” “may,” "continue," “should” and similar expressions. The forward-looking statements in this release are based upon various assumptions, many of which are based, in turn, upon further assumptions. Although Catena Media believes that these assumptions were reasonable when made, these assumptions are inherently subject to significant known and unknown risks, uncertainties, contingencies and other important factors, which are difficult or impossible to predict and are beyond its control. Such risks, uncertainties, contingencies and other important factors could cause actual events to differ materially from the expectations expressed or implied in this release by such forward-looking statements. The information, opinions and forward-looking statements contained in this announcement speak only as at its date, and are subject to change without notice.