Home » Posts tagged 'CTEA'

Tag Archives: CTEA

Thought for the Day: Catenae Innovation #CTEA – Golden Building Blocks

Thought for the Day:

The market seems to have completely missed the significance of the recent placing at Catenae Innovation #CTEA . Between them, the board have spent over £110k buying shares (over £300k including the last placing), institutional investor Miton bought more stock to maintain their current holding AND after spending £75k of his own money in the placing, CEO Tony Sanders now owns 3.38% of the company. For any retail investor seeking a blockchain investment proposition, these are golden building blocks that simply cannot be ignored; it is a huge vote of confidence in the company and its future.

Catenae Innovation Plc (CTEA) – Holding(s) in Company

   TR-1: Standard form for notification of major holding

NOTIFICATION OF MAJOR HOLDINGS (to be sent to the relevant issuer and to the FCA in Microsoft Word format if possible)i
1a. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attachedii: Catenae Innovation PLC
1b. Please indicate if the issuer is a non-UK issuer  (please mark with an “X” if appropriate)
Non-UK issuer
2. Reason for the notification (please mark the appropriate box or boxes with an “X”)
An acquisition or disposal of voting rights X
An acquisition or disposal of financial instruments
An event changing the breakdown of voting rights
Other (please specify)iii:
3. Details of person subject to the notification obligationiv
Name Anthony John Sanders
City and country of registered office (if applicable)
4. Full name of shareholder(s) (if different from 3.)v
Name
City and country of registered office (if applicable)
5. Date on which the threshold was crossed or reachedvi: 6th March 2019
6. Date on which issuer notified (DD/MM/YYYY): 13th March 2019
7. Total positions of person(s) subject to the notification obligation
% of voting rights attached to shares (total of 8. A) % of voting rights through financial instruments
(total of 8.B 1 + 8.B 2)
Total of both in % (8.A + 8.B) Total number of voting rights of issuervii
Resulting situation on the date on which threshold was crossed or reached 3.38 3.38 3,173,601,652
Position of previous notification (if
applicable)
8. Notified details of the resulting situation on the date on which the threshold was crossed or reachedviii
A: Voting rights attached to shares
Class/type of
shares

ISIN code (if possible)
Number of voting rightsix % of voting rights
Direct
(Art 9 of Directive 2004/109/EC) (DTR5.1)
Indirect
(Art 10 of Directive 2004/109/EC) (DTR5.2.1)
Direct
(Art 9 of Directive 2004/109/EC) (DTR5.1)
Indirect
(Art 10 of Directive 2004/109/EC) (DTR5.2.1)
Ordinary Shares
GB0033127910
107,287,499 3.38
SUBTOTAL 8. A 107,287,499 3.38
B 1: Financial Instruments according to Art. 13(1)(a) of Directive 2004/109/EC (DTR5.3.1.1 (a))
Type of financial instrument Expiration
date
x
Exercise/
Conversion Period
xi
Number of voting rights that may be acquired if the instrument is 
exercised/converted.
% of voting rights
SUBTOTAL 8. B 1
B 2: Financial Instruments with similar economic effect according to Art. 13(1)(b) of Directive 2004/109/EC (DTR5.3.1.1 (b))
Type of financial instrument Expiration
date
x
Exercise/
Conversion Period 
xi
Physical or cash 
settlementxii
Number of voting rights % of voting rights
  SUBTOTAL 8.B.2
9. Information in relation to the person subject to the notification obligation (please mark the
applicable box with an “X”)
Person subject to the notification obligation is not controlled by any natural person or legal entity and does not control any other undertaking(s) holding directly or indirectly an interest in the (underlying) issuerxiii X
Full chain of controlled undertakings through which the voting rights and/or the
financial instruments are effectively held starting with the ultimate controlling natural person or legal entityxiv (please add additional rows as necessary)
Namexv % of voting rights if it equals or is higher than the notifiable threshold % of voting rights through financial instruments if it equals or is higher than the notifiable threshold Total of both if it equals or is higher than the notifiable threshold
 
10. In case of proxy voting, please identify:
Name of the proxy holder
The number and % of voting rights held
The date until which the voting rights will be held
11. Additional informationxvi
Place of completion London, UK
Date of completion 13/03/19

Catenae Innovation #CTEA – Placing, Appointment of Joint Broker, Issue of Warrants & Related Party Transaction

Catenae (AIM: CTEA), the AIM-quoted provider of digital media and technology, is pleased to announce a placing and subscription for a total of 575,000,000 new ordinary shares of 0.10 pence per share in the Company at a price of 0.10 pence per share (“Placing Shares”) for gross proceeds of £575,000 (“the Placing”).

The Placing Shares have been issued at the prevailing market mid-price and the Placing includes further investment from an existing institutional investor to maintain its percentage holding.

Certain directors and senior managers have participated in the Placing, which is a related party transaction, further details of which is set out below.

Issue of Warrants

The Company is also issuing one warrant for every one Placing Share issued at an exercise price of 0.125p which may be exercised up to three years from the date of issue. If exercised, the warrant holder will be entitled to receive a further warrant exercisable at 0.15p which may be exercised for a further two-year period (together, the “Placing Warrants”).

The Placing Warrants will not be listed and will be part-issued (approximately 50 per cent.) on Admission of the Placing Shares and part subject to approval of authorities being granted at an Extraordinary General Meeting, notice of which is provided supplementary to this statement.

Appointment of Joint Broker

The Company is pleased to announce that Turner Pope Investments Limited (“TPI”) has been appointed Joint Broker with immediate effect.

The Placing was undertaken by TPI which has agreed to receive the majority of their broking fee in shares at the Placing Price and, accordingly, a further 20,000,000 ordinary shares (“Fee Shares”) will be issued.

Admission

Application will be made for the 595,000,000 new ordinary shares to be admitted to trading on AIM, which is expected to occur on or around 5 March 2019.  The 595,000,000 new ordinary shares will rank pari passu with the existing ordinary shares of Catenae.

Following Admission of the Placing Shares and Fee Shares, the Company will have in issue 3,173,601,652 ordinary shares with voting rights. The Company holds 83,333,332 ordinary shares in treasury. The above figure of 3,173,601,652 may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company under the Disclosure and Transparency Rules.

Related Party Transaction

Name Title Number of shares subscribed for in the Placing Number of ordinary shares held following the Placing
Tony Sanders Director 75,000,000 107,287,499
Guy Meyer Director 15,000,000 110,458,292
Alan Simpson Chief Technology Officer 10,000,000 26,667,667
John Farthing Chief Financial Officer 10,000,000 18,333,334
Total 110,000,000 262,746,792

The issue of shares to Tony Sanders, Guy Meyer, Alan Simpson and John Farthing is a related party transaction pursuant to AIM Rule 13 (the “Transaction”).  Kevin Everett, a director of the Company who is independent of the Transaction, having consulted with Cairn Financial Advisers LLP, the Company’s nominated adviser, believes that the terms of the transaction are fair and reasonable insofar as shareholders are concerned.

Tony Sanders – CEO commented:  “We are pleased to receive this additional support at an important time for the Company’s development strategy and Catenae will invest a substantial proportion of the Placing funds in sales and marketing initiatives to help secure existing opportunities and develop the sales pipeline.”

This announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014. The person who arranged for release of this announcement on behalf of the Company was Tony Sanders (Chief Executive Officer).

For further information:

Catenae Innovation Plc
Tony Sanders
Tel: 020 7929 7826
 

Cairn Financial Advisers LLP, Nominated Adviser
Liam Murray / Jo Turner

Tel: 020 7213 0880

 

Alexander David Securities Limited, Joint Broker
David Scott / James Dewhurst

Tel: 020 7448 9820

Turner Pope Investments Limited, Joint Broker
Andy Thacker

Tel: 020 3621 4120
   
Notification of a Transaction pursuant to Article 19(1) of Regulation (EU) No. 596/2014
1 Details of the person discharging managerial responsibilities/person closely associated
a. Name
  1. Tony Sanders
  2. Guy Meyer
  3. Alan Simpson
  4. John Farthing
2 Reason for notification
a. Position/Status
  1. Director
  2. Director
  3. Chief Technology Officer
  4. Chief Financial Officer
b. Initial notification/
Amendment
Initial notification
3 Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a. Name Catenae Innovation plc
b. LEI 2138007I2D8YWPMSP544
4 Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a. Description of the financial instrument, type of instrument

Identification Code

Ordinary shares of 0.10 pence per share

ISIN: GB0033127910

b. Nature of the transaction  Issue of shares in the Placing
c. Price(s) and volume(s)
Price(s) per share Volume(s)
0.10p a) 75,000,000
b) 15,000,000
c) 10,000,000
d) 10,000,000
d. Aggregated information

– Aggregated Volume

– Price

110,000,000

0.10p

e. Date of the transaction 27 February 2019
f. Place of the transaction AIM, London Stock Exchange

Catenae Innovation #CTEA signs renewable licence framework agreement to use ChainZy

Catenae (AIM:CTEA), the AIM quoted provider of digital media and technology announces it has entered into a 5-year renewable licence framework agreement with Z/Yen Group Limited for the use of “ChainZy” – Z/Yen’s distributed ledger platform.

ChainZy delivers high speed, secure data and transaction handling capabilities utilising distributed ledgers. ChainZy is designed to be used in market sectors that require the secure, authoritative and immutable history of auditable transactions: financial services, private utilities, the public sector and many other areas of business and government activity.

The ChainZy platform can be utilised to support Catenae’s universal digital repository application, Sequestrum, as well as future applications the Company may develop. Sequestrum provides the immutability function for the recently launched OnSite product and ChainZy provides the distributed ledger platform in this instance.  ChainZy has been extensively tested with Sequestrum and is our preferred platform.

The use of the Chainzy product and associated licence fee will be dependent on the Company’s solution for each specific client. The fee structure will take the form of a licence fee and / or a per transaction fee.

Professor Michael Mainelli, Executive Chairman and co-founder Z/Yen Group Limited commented: “Catenae’s business is the perfect synergetic match for ChainZy.  We have a good working relationship over many years with their excellent CTO, Alan Simpson.  Their desire to deliver smart ledgers for responsible independent time recording on our ‘Internet of Record’, ChainZy, is commendable.  We look forward to developing more innovations that fundamentally alter the way business does business and government governs.”

Tony Sanders, CEO commented: “We are pleased to formalise our relationship with Z/Yen, who have been working in the distributed ledger arena for a good number of years under the world-renowned thought leadership of Professor Mainelli. We look forward to this mutually beneficial relationship, collaborating together to develop real-world, commercially viable solutions that meet pressing corporate and organisational needs.”

This announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014. The person who arranged for release of this announcement on behalf of the Company was Tony Sanders (Chief Executive Officer).

For further information:

Catenae Innovation Plc
Tony Sanders
Tel: 020 7929 7826
 

Cairn Financial Advisers LLP, Nominated Adviser
Liam Murray / Jo Turner

Tel: 020 7213 0880
 

Alexander David Securities Limited, Broker
David Scott / James Dewhurst

 

Tel: 020 7448 9820

Catenae Innovation (CTEA) Result of Annual General Meeting

Result of Annual General Meeting

At the Annual General Meeting of the Company held today, all resolutions were duly passed.

For further information:

Catenae Innovation Plc
Tony Sanders
Tel: 020 7929 7826
 

Cairn Financial Advisers LLP, Nominated Adviser
Liam Murray / Jo Turner

Tel: 020 7213 0880

 

Alexander David Securities Limited, Broker
David Scott / James Dewhurst

 

Tel: 020 7448 9820

Catenae Innovation #CTEA – Rotherham United Sign Proof of Concept Agreement and Tribe of Noise Memorandum of Understanding Update

Catenae (AIM:CTEA), the AIM quoted provider of digital media and technology, is pleased to announce:

  • it has signed a proof of concept agreement with Rotherham United Community Sports Trust (“RUCST”) for the Company’s OnSide solution; and
  • Update on Tribe of Noise Memorandum of Understanding.

Rotherham United Sign Proof of Concept Agreement

Catenae is pleased to announce that it has signed a proof of concept agreement with RUCST for the Company’s OnSide solution.

Under the agreement, RUCST will be utilising OnSide, Catenae’s GDPR compliant solution, to manage a number of coaching sessions and community engagements. OnSide will be used for centralised management of human resources information, time recording, health and safety and risk assessment reporting. It will also be used to gather demographic data, attendance information and training plans to assist in assessing the impact and effectiveness of RUCST’s service offerings. The proof of concept programme is expected to run for 8 weeks. It is anticipated that, on successful completion of this programme, RUCST will convert the programme to a commercial agreement. A further announcement will be made in due course.

Tribe of Noise Memorandum of Understanding

Following the announcement of a Memorandum of Understanding with Tribe of Noise MV on 10 May 2018, after due consideration the Company has decided it will not pursue this acquisition. Having determined that focussing the business’ resources and efforts on the marketing and sales of its Sequestrum and On-Suite products (OnSide, OnSite, OnGuard) the Company believes this approach will deliver better shareholder value.

Tony Sanders, CEO stated

“Whilst we are not proceeding with Tribe of Noise, I feel this is the correct decision allowing the Company to focus on its core product set.  As a result of such focus, we’ve had a busy start to 2019 and it is good to see the results of the efforts put in during the latter half of 2018 feeding through onto the bottom line.  With new clients across the whole product portfolio, we’ve seen a five-fold increase in clients for our products over our target market sectors over the last 12 months.  We’re confident that this trend will continue with the recruitment of a dedicated sales resource.”

This announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014. The person who arranged for release of this announcement on behalf of the Company was Tony Sanders (Chief Executive Officer).

For further information:

Catenae Innovation Plc
Tony Sanders
Tel: 020 7929 7826
 

Cairn Financial Advisers LLP, Nominated Adviser
Liam Murray / Jo Turner

Tel: 020 7213 0880

 

Alexander David Securities Limited, Broker
David Scott / James Dewhurst

 

Tel: 020 7448 9820

Alan Simpson, Chief Technology Officer, Catenae Innovation P.L.C. (LON:CTEA) Interview

Catenae (AIM: CTEA), the AIM quoted provider of digital media and technology announces the following changes to its senior Management team and Board.

Proposed appointment of Alan Simpson CTO to the Executive Board

Alan is a highly regarded technologist with vast experience in a number of high-profile projects in a career ranging from Military Cryptologist through to those projects which can be publicly named such as being the Technical Delivery Manager for BBC’s flagship iPlayer project.

Alan joined the Company in June 2018 and has been responsible for the delivery of technical projects within the Company including Sequestrum, its DLT/Blockchain platform, and the recently launched Onsite. This appointment recognises the contribution and commitment Alan has shown to the Company.

This, combined with his broad technical expertise, and commercial experience will be a welcome addition to the Board. A further announcement providing information pursuant to AIM Rule Schedule 2(g) will be made in due course.

Catenae Innovation #CTEA signs OnSide agreement with Harlequins, the first within Premiership Rugby

Catenae (AIM:CTEA), the AIM quoted provider of digital media and technology announces it has signed its first agreement for OnSide within Premiership Rugby.  It has entered into a proof of concept agreement with Harlequins Foundation (“Harlequins”) the independent charity created by Harlequins Rugby Club.

OnSide is a centralised management tool specifically developed for sports organisations.  It deals with all the key elements of community coaching from scheduling of staff and timesheet processing through to attendee management and reporting in a GDPR compliant platform. The proof of concept will also review interaction between OnSide and Upshot, a synergeous performance management software solution developed by the Football Foundation.

It is anticipated that, on successful completion of the proof of concept, Harlequins will convert the programme to a commercial agreement. A further announcement will be made in due course.

Tony Sanders, CEO stated “We see this as a significant step for the OnSide product, which has traditionally been used in Football. This agreement is the first step in bringing OnSide into the Rugby arena and we are especially pleased to be working with an organisation of Harlequins standing and reputation. With ongoing conversations in progress with other rugby clubs we hope to announce further agreements in this area in the near future. Another important element of this agreement is the opportunity to work with Upshot, whose product is widely used across many sports, with the combined functionality of the two products providing a compelling solution for all sports clubs, potentially opening up additional markets for the solution.”

This announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014. The person who arranged for release of this announcement on behalf of the Company was Tony Sanders (Chief Executive Officer).

For further information:

Catenae Innovation Plc
Tony Sanders
Tel: 020 7929 7826
 

Cairn Financial Advisers LLP, Nominated Adviser
Liam Murray / Jo Turner

Tel: 020 7213 0880
 

Alexander David Securities Limited, Broker
David Scott / James Dewhurst

 

Tel: 020 7448 9820

Catenae Innovation #CTEA – Changes to Senior Management Team and Board

Catenae (AIM: CTEA), the AIM quoted provider of digital media and technology announces the following changes to its senior Management team and Board.

Proposed appointment of Alan Simpson CTO to the Executive Board
Alan is a highly regarded technologist with vast experience in a number of high-profile projects in a career ranging from Military Cryptologist through to those projects which can be publicly named such as being the Technical Delivery Manager for BBC’s flagship iPlayer project.  Alan joined the Company in June 2018 and has been responsible for the delivery of technical projects within the Company including Sequestrum, its DLT/Blockchain platform, and the recently launched Onsite. This appointment recognises the contribution and commitment Alan has shown to the Company. This, combined with his broad technical expertise, and commercial experience will be a welcome addition to the Board. A further announcement providing information pursuant to AIM Rule Schedule 2(g) will be made in due course.

Appointment of John Farthing Chief Financial Officer
The Company will promote John Farthing from his current position within its subsidiary Trust in Media to become the Company’s Chief Financial Officer. John qualified as a Chartered Accountant in 1988 following which he moved to stockbroking, gaining significant experience with start-ups and smaller companies with a focus in the software and technology sectors. Mr Farthing is also a Chartered Fellow of the Chartered Institute for Securities & Investment, having been involved in corporate acquisitions and disposals as well as fund raising. John will report to the Board and be responsible for day to day financial operations and strategic input, augmenting the existing governance and financial controls. This is a non-Board appointment.

Tony Sanders CEO, commented;
“The Company has reached the stage in its development where it now has commercially viable product lines, demonstrably capable of delivering revenues. It is essential that the team are focussed on executing a robust sales and marketing strategy to deliver these revenues. With this in mind, the Board wants to ensure it has the correct management team in place with the right skillsets to enable the Company to concentrate on delivering its true potential. The above appointments will be augmented with suitably qualified Sales Management in the very near future. Obviously, we are very conscious of managing our cost base and can confirm that as a result of these and other changes within the Company, the net effect on the cost base is neutral.”

This announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014. The person who arranged for release of this announcement on behalf of the Company was Tony Sanders (Chief Executive Officer).

For further information:

Catenae Innovation Plc

Tony Sanders

Tel: 020 7929 7826
 

Cairn Financial Advisers LLP, Nominated Adviser

Liam Murray / Jo Turner

 

Tel: 020 7213 0880

 

Alexander David Securities Limited, Broker

David Scott / James Dewhurst

 

Tel: 020 7448 9820

Catenae Innovation #CTEA: OnSite – Contract Signed

Catenae (AIM:CTEA), the AIM quoted provider of digital media and technology announces it has signed its first agreements for OnSite with Firedoor Guardian Limited (“FDG”), a provider of building management and inspection services to the construction industry.

OnSite integrates the Company’s blockchain technology, Sequestrum, which was launched in December 2018.  The agreements have an aggregate value of £50,000 which will be invoiced immediately.

The agreements include a licence agreement and a support agreement.  The agreements have provision for pricing of additional volume related transactions that may occur during the term of the contract.

FDG wishes to create an immutable database of their inspection records and audit information as required under the BS9999 and The Regulatory Reform (Fire Safety) Order 2005 and as recommended in the independent review of Building Regulations and Fire Safety report led by Dame Judith Hackett following the Grenfell Tower fire.

OnSite utilises the latest mobile and cloud technologies and integrates Catenae’s distributed ledger technology which provides clients with the ability to store critical and regulatory reports in an immutable form within the Sequestrum repository providing auditable proof of both the existence of the report as well as its original content.   OnSite provides the ability for companies to manage and schedule their workforce and provides a universal inspection and reporting tool that has been adapted to meet the regulatory reporting standards for this industry.

The integration of Sequestrum provides full ‘Proof of Work’ by ensuring that inspection reports are stored in an immutable form directly from the mobile input device, recording the geo-coordinates of the device and centralised time stamping as meta data for full auditability.

Guy Meyer, a director of the Company is also a non-executive director and shareholder in FDG, consequently the entering into the agreements is being deemed a related party transaction (the “Transaction”) under the AIM Rules for Companies.  The directors independent of the Transaction, having consulted with the Company’s nominated adviser, believe that the terms of the transaction are fair and reasonable insofar as shareholders are concerned.

Tony Sanders, CEO, said: “We are pleased to sign this initial agreement for our new product OnSite so soon after the product launch in December 2018, this follows extensive testing and proof of concept programme with the client. Being able to show blockchain technology being used in a ‘real world’ application was key to the Company accepting the opportunity to present its solutions at the UK Investor City Forum event on 21st January 2019, as there are not many opportunities to see blockchain technology working beyond conceptual applications.  We hope to be making further announcements shortly.”

This announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014. The person who arranged for release of this announcement on behalf of the Company was Tony Sanders (Chief Executive Officer).

For further information:

Catenae Innovation Plc
Tony Sanders
Tel: 020 7929 7826
 

Cairn Financial Advisers LLP, Nominated Adviser
Liam Murray / Jo Turner

Tel: 020 7213 0880
 

Alexander David Securities Limited, Broker
David Scott / James Dewhurst

 

Tel: 020 7448 9820

I would like to receive Brand Communications updates and news...
Free Stock Updates & News
I agree to have my personal information transfered to MailChimp ( more information )
Join over 3.000 visitors who are receiving our newsletter and learn how to optimize your blog for search engines, find free traffic, and monetize your website.
We hate spam. Your email address will not be sold or shared with anyone else.