Catena Media’s board initiates cancellation of 4,295,510 repurchased shares

The board of directors of Catena Media plc today approved and initiated a process to cancel 4,295,510 of ordinary shares repurchased by the company between 17 September 2021 and 14 April 2022 under a share buyback programme authorised by an extraordinary general meeting held on 14 July 2021.

The shares have an aggregate nominal value of EUR 6,443.27. Their cancellation will reduce the company’s issued share capital to EUR 108,053.02, distributed among 72,035,349 ordinary shares with a nominal value of EUR 0.0015 per share.

Since the cancellation process requires the cooperation of various intermediaries and governmental authorities, the effective share cancellation date cannot yet be determined. Every effort is being made for the process to be completed as soon as possible.

As of today’s date, the company holds 4,704,703 shares in itself (comprising 4,295,510 shares repurchased under the 2021 buyback authorisation and 409,193 shares repurchased under the authorisation granted at an extraordinary general meeting on 10 August 2022).

Should the cancellation process be completed before further shares are repurchased under the 2022 authorisation, Catena Media’s holdings of own shares will decrease to 409,193 ordinary shares, amounting to 0.6 percent of the outstanding shares.

It also remains the board’s intention to cancel shares repurchased after 14 April 2022.