Catena Group PLC Extension for Reporting Financial Results (0402M)
May 06 2020 - 2:00AM
UK Regulatory
TIDMCTNA
RNS Number : 0402M
Catena Group PLC
06 May 2020
6 May 2020
Catena Group PLC
("Catena" or the "Company")
Extension for Reporting Financial Results
Catena Group plc (AIM: CTNA), a UK based venture capital company
focused upon acquiring or investing in companies operating in high
growth industries, announces that the Company has been granted a
three month extension by Companies House for the reporting and
filing of its financial results for the year ended 31 December 2019
("FY19").
The Government's COVID-19 guidelines and the furloughing of
staff at Sports in Schools Limited ("SSL"), the Company's 85.87 per
cent. subsidiary, prevent Catena's auditors from completing their
standard physical audit procedures thus requiring a delay in the
filing of FY19 results.
The safety of Group and subsidiary employees is paramount.
Following the closure of schools across the UK, SSL took swift
action to furlough staff until primary schools re-open; which we
currently understand could be as soon as June. The financial
performance and position of SSL during the year to date remain in
line with management expectations and management will continue to
closely monitor the situation.
The Group continues to prioritise execution of its refocused
strategy to capitalise on growth opportunities in artificial
intelligence and machine learning. This follows the Company's
initial March investment into Insight Capital Partners Limited
("Insight"). Insight's financial performance has been unaffected by
the pandemic and the Group's strategy in this sector remains
unaltered and on course.
* ENDS *
For further information, please visit www.catenagroup.co.uk or
contact:
Catena Group PLC
Matthew Farnum-Schneider +44 (0)20 3744 0900
Cantor Fitzgerald Europe (Nomad and Broker)
David Foreman/Michael Boot/Adam Dawes +44 (0)20 7894 7000
St Brides (Financial PR)
Catherine Leftley/Beth Melluish +44 (0)20 7236 1177
This information is provided by RNS, the news service of the
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Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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