Tag Archives: Catena

Catena reduces share capital closing summer buyback program

SBC News Catena reduces share capital closing summer buyback program

Catena Media has completed its share buyback program, executed from 31 July to 4 August.  The buyback program was sanctioned by company shareholders at an extraordinary general meeting on 12 July 2023 and further authorised by the board of directors on 17 July 2023.  The purpose of the program was to “deliver shareholder value and optimize the capital structure by …

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Catena exercises warrants to expand available share capital  

Catena Media

Catena Media Plc has settled its shareholder subscription options related to warrant rights issued for the period of 2020-to-2024. The Stockholm-listed media publisher had previously alerted shareholders of its intentions to exercise warrants following its Q4 2022 trading results.   The transaction saw 6,663,913 of warrants paid by Catena, corresponding to approximately 19.7% of all outstanding warrants being exercised for cash …

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Catena settles definitive terms on Stockholm share buyback programme 

SBC News Catena settles definitive terms on Stockholm share buyback programme 

The board of Catena Media Plc has resolved the terms of its share buyback programme on the Nasdaq Stockholm, a transaction that was originally disclosed to investors on 23 May 2022.  The programme was launched by Catena governance as it is in the company’s interest to “reduce share capital through subsequent cancellation of repurchased shares”. Investors were notified that Catena …

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Catena hires Carnegie to speed up asset sell-off

SBC News Catena hires Carnegie to speed up asset sell-off

Catena Media Plc has this morning notified investors that it has recruited Carnegie Investment Bank to serve as financial advisor to assess strategic options related to the continued sale of media assets and including the entire sale of the business. The decision sees the Stockholm-listed affiliate publisher accelerate the streamlining of its media portfolio, originally sanctioned in May 2022 by …

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Catena H1 dragged by macro elements ahead of Euro asset review 

SBC News Catena H1 dragged by macro elements ahead of Euro asset review 

Catena Media Plc has detailed continued North American strategic progress but warns of multiple European headwinds impacting its earnings results.     Publishing its interim H1 2022 trading statement, Catena registered Group revenues of €74m, up 4% on H12021 comparative results of €71m. Headline growth is maintained as the Stockholm-listed publisher overcomes a tough comparative Q2 trading period which saw group revenues …

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GlüNeuRStv withdrawal sees Catena Media hit with €50m writedowns 

SBC News GlüNeuRStv withdrawal sees Catena Media hit with €50m writedowns 

Catena Media Plc has informed that its Q3 trading results will be negatively impacted by the writedown of its German sports betting assets.  The Stockholm-listed publisher issued a preliminary Q3 update, informing investors that it had allocated €42.8 million for the writedown of German sports betting assets acquired between 2016 and 2018. The decision follows an assessment of the assets …

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Catena orders 10% buyback of Stockholm shares 

SBC News Catena orders 10% buyback of Stockholm shares 

The board of Catena Media Plc has authorised the buyback of in excess of 7 million ordinary company shares, listed on the Stockholm Nasdaq exchange.  The order was granted as an outcome of an extraordinary general meeting (EGM) held on 14 July 2021, in which the board disclosed its plans to enhance the company’s “flexibility in distributing capital to shareholders …

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Catena triggers US portfolio expansion acquiring i15 Media 

SBC News Catena triggers US portfolio expansion acquiring i15 Media 

Catena Media has expanded its North American inventory by a further 100 websites and domains, announcing the outright acquisition of assets held by i15 Media LLC.  The Stockholm affiliate marketing network confirmed that it had agreed a total purchase price of $45 million for i15 Media full inventory – ‘ of which $12.5 million will be paid with 2,207,357 issued …

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Catena maintains 2021 forward momentum despite ‘problem child’ Germany 

SBC News Catena maintains 2021 forward momentum despite ‘problem child’ Germany 

Catena Media has maintained its year growth trajectory after overcoming a Q2 trading period including tough European ‘mature market’ regulatory adjustments.  Publishing its 2021 interim results, Catena reported YTD revenues of €71 million – up 31% on equivalent 2020 results of €54.5 million. YTD metrics saw it sustain its ‘forward momentum’ in the growth markets of Japan and North America, …

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Catena notifies investors of a record Q1 opening performance 

SBC News Catena notifies investors of a record Q1 opening performance 

Catena Media has revealed an ‘exceptionally strong opening’ to its 2021 trading, as the company anticipates Q1 2021 revenues to top the €40 million mark.  This morning, the Stockholm-listed affiliate marketing publisher released its Q1 pre-close trading statement, alerting investors that Catena would deliver a record quarterly revenue performance.  Updating investors, Catena estimated that its Q1 adjusted EBITDA will fall …

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