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5 uses of Blockchain that aren’t cryptocurrency

  • What is Blockchain
  • 5 alternative uses of Blockchain
  • Catenae Innovation: An agnostic tool

The global economy has been in the process of digitalisation since the 1960s. Previous digital technologies were used to improve business processes mainly by delivering the same results in a faster and safer manner.

Blockchain, however, presents us with something different from previous generations of technology — an exchange of value. This innovation has turned into a priority for business leaders across industries — especially in human resources, finance, and utilities.

According to a report from the International Data Corporation (IDC), Blockchain spending is anticipated to reach approximately 12 billion USD by 2022. Industry leaders have quickly realised the disruptive potential of the technology, recognising it as a game changer in many business use cases.

But what is blockchain?

Blockchain is a type of technology that records transactions to a digital ledger where they cannot be changed or altered. These records or blocks of information are linked using cryptography. The info on a blockchain is easily verifiable and open to the public. 

Blockchains are also decentralized, so the data is shared with all the computers on the network.

A number of applications are built on the blockchain. Blockchain applications provide a wide variety of solutions you need to improve your business. Keep reading to find out about some of its uses. 

5 uses of Blockchain that aren’t Cryptocurrencies 

1.) Human Resources

Human resources professionals are responsible for a complex range of interlinked tasks from extensive recruitment and hiring processes, to holiday scheduling. They work with executives on strategy planning and often handle training, benefits and compensation duties. In the process, a great deal of technology comes to play.

According to the Society for Human Resource Management, blockchain could be used to modernise hiring by enabling HR professionals to quickly verify the credentials provided by job candidates and even existing employees. In addition, the association predicts that blockchain can prevent third-party companies from providing inaccurate data about the candidates.

OnSite by Catenae Innovation integrates standard HR management tools with automated tools to manage Visas, Student working, etc. ensuring only appropriate personnel are available to work. Automated holiday booking / authorisation that links directly to the Resource schedule, ensuring everyone knows an individual’s whereabouts.

2.) Accounting and Payroll 

Accounting is a textbook example of a field that can profit from blockchain technology. Simply put, accounting is full of challenges — from the over-complex tax code to the paramount need for accuracy and precision. The blockchain can address all of these issues.

The transparency provided by the blockchain can decrease the time auditors spend sampling and validating transactions. By having more time at hand, auditors could focus on controls and other vital tasks.

Catenae’s product Onsite also has the capability to connect to virtually all accounting and reporting systems, improving your ability to process and create a secure financial picture in real-time, saving you valuable data-processing time. Automated timesheet process incorporated rates of pay provides simply Payroll processing.

3.) Remote workforce management

Managing a remote workforce, particularly during large scale events is an extremely challenging task. No matter how much prior planning is done, companies need to know that things are running smoothly and their workforce are in the right place at the right time.

Blockchain can help to streamline the running of a workforce during events, providing up to date information and allowing organisations more time to focus on improving their client service. 

For example, OnGuard is a management solution developed in conjunction with and specifically for man-guarding organisations. Providing real-time management of remote workforce with full operative auditing via geo-tagging and time-stamping, Integrated scheduling, timesheet management and incident reporting 

4.) Sports Coaching

Sports clubs can be responsible for the management of a great number of players, coaches and staff. 

From scheduling physios, tracking player progress and meeting health and safety requirements – sports clubs incorporate a vast number of tasks and processes that require much more than a pen and paper, if they’re to run smoothly and efficiently. 

OnSide is a centralised management tool specifically developed for sporting organisations that deals with all the key elements of coaching from scheduling of staff  and timesheet processing through to attendee management and reporting.

From coaching risk assessments, to outcome and diversity reporting and information sharing – OnSide improves sports clubs administration processes, increases efficiency and enhances the accuracy of data and reporting, saving clubs vital time and money.

5.) Legal Processes 

Practicing law is no longer just about communication and logical arguments. Technological literacy rapidly becomes the key to staying competitive in the field. Blockchain could be the gateway to enormous amounts of data which might enhance law firms’ ability to find hard evidence or contradictions in the case.

Smart contracts could also come to play, enabling automatic transfers of assets once certain conditions are met. Disputes could be resolved directly and very efficiently, saving judges, lawyers, and clients a lot of time and you lots of money. Blockchain could also bring an end of the escrow accounts, where legal firms hold the money until the previously specified conditions are met.

Smart contracts essentially ensure all parties in the agreement do what they are supposed to. These self-automated programs run without downtime and without the interference of external parties. They’re a fantastic tool for when you are forced to do business with jerks, people you don’t trust, or people you simply don’t know.

Blockchain: An agnostic tool

All in all, Blockchain is a fantastic and truly diverse tool that can be employed in a vast range of sectors, and companies. 

A point that AIM listed Catenae Innovation (AIM:CTEA) are looking to exemplify. Their product Sequestrum is truly universal application. Whether as a standalone repository for the storage of Copyright material or as a fully integrated blockchain portal, Sequestrum simplifies access to the blockchain, enabling it to be used for ‘Real World’ Solutions.

It is agnostic in terms of both the applications it provides blockchain capabilities too, as well as the actual blockchain platform it is communicating with – providing real choice for our clients.

By Harry Dacres-Dixon

Brand CEO Alan Green talks i3 Energy #I3E, Eve Sleep #EVE, Catenae Innovation #CTEA & Bidstack #BIDS on Vox Markets podcast

Alan Green CEO of Brand Communications discusses i3 Energy #I3E, Eve Sleep #EVE, Catenae Innovation #CTEA and Bidstack #BIDS with Justin Waite on the Vox Markets podcast. The interview starts at 20 minutes 26 seconds.

Catenae Innovation #CTEA – Half Yearly Report

Catenae Innovation Plc (“Catenae” or the “Company”), the AIM quoted (AIM: CTEA) provider of digital media and technology, announces its half yearly report for the six months ended 31 March 2019.

HIGHLIGHTS

  • OnSuite Proof of Concept agreements converted into Contracts
  • Sequestrum (Blockchain) product launched as both standalone product and integrated into existing product ranges
  • Expansion to business sectors outside of Football, including Buildings and Facilities Management, Charities and Rugby
  • Post period end, a Head of Sales appointed along side a lead generating marketing partner

Tony Sanders, Chief Executive, said:

“The six months under review have seen further progress of the cost reduction exercise combined with growth in the sales of the OnSuite products (i.e. OnSite, OnGuard and OnSide). The Company is now in a position where it is taking advantage of the existing product suite as well as continuing to look at opportunities to expand into new sectors and diversify its revenue streams.”

This announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014.

For further information:

Catenae Innovation Plc
Tony Sanders                                                                                                        Tel: 020 7929 7826

Cairn Financial Advisers LLP, Nominated Adviser    
Liam Murray / Jo Turner / Ludovico Lazzaretti                                                      Tel: 020 7213 0880

Alexander David Securities Limited, Joint Broker
David Scott / James Dewhurst                                                                              Tel: 020 7448 9820

Turner Pope Investments Limited, Joint Broker
Andrew Thacker                                                                                                    Tel: 020 3621 4120

CHIEF EXECUTIVE’S STATEMENT

This period has seen further progress of the cost reduction exercise combined with year-on-year growth in the sales for the same H1 period of the OnSuite products (i.e. OnSite, OnGuard and OnSide). The team is now in place to take the revenue generating sections of the business forward to create positive value.

Contracts
In December 2018, STM Security UK Ltd signed a contract for OnGuard Plus (OnGuard incorporating Sequestrum), which provides increased visibility and proof of work for their man-guarding sector. This was followed in January 2019 with the launch of OnSite (incorporating Sequestrum, the Company’s proprietary distributed ledger technology), an inspection and auditing tool that utilises blockchain to provide immutable records and proof of work for digital inspections. The first such contract was signed in January 2019 with Firedoor Guardian Ltd for use in their fire door inspection service. The value of this contract proved that the market will pay for ‘best in class’ products.

As previously announced, we have also seen an increasing number of contracts being signed following successful proof of concept agreements. The Company has continued to target the football sector with its OnSide product and has signed a number of contracts as well as continuing to carry out proof of concept agreements with new clubs. In January 2019, the first non-football proof of concept agreement for OnSide was signed with the Harlequins Foundation the community arm of Harlequins Rugby, taking the product into the Rugby sector, and post year-end agreed a contract with a Charity organisation that has no link to football or sport in general.

In addition, the Company has integrated Sequestrum, Catenae’s distributed ledger technology (blockchain), into its core product suite, providing 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.

Sales Team
Post period end, in May 2019, the Board announced the appointment of a Head of Sales. One of his first actions has been the appointment of a leading marketing partner to engage targeted organisations focused upon the core sectors for the OnSuite products. Although in its early stages, we are already seeing an increase in pipeline activity and appointments with potential new customers.

Trust in Media Joint Venture
As announceed on 26 March 2018,  the Company entered into a Joint Venture (“JV”) with Martin Heath and that JV would trade as Trust in Media Ltd. The board has now taken steps to place Trust in Media Ltd into liquidation as that venture has not performed as expected. The purpose of the JV was to produce payment processing, copyright and intellectual property solutions, initially within the Media industry, utilising a combination of private and public blockchain technologies including Catenae’s Sequestrum.

Funding
The Board has continued to review the expenditure of the business to ensure that the appropriate resources are in place to allow the Company to focus on marketing and selling the products that are now developed. In addition, the Board has continued to manage the balance sheet with net liabilities reduced to £399,980 (30 Sept 2018: £891,929).

During the period, the Company raised funds through the issue of shares to support the development of the business. The Company raised £995,000 cash and settled £95,055 of services through the issue of shares. The Company continues to carefully manage its working capital position and is currently considering a number of funding opportunities. Further announcements will be made in due course.

Outlook
The board is also looking to further strengthen its capabilities and expects to announce changes in due course.

The Company is now in a position where it is taking advantage of the existing product suite and is seeing growth in terms of potential pipeline and converted sales. The Company continues to look at opportunities that enable it to expand its reach into new sectors and to significantly increase its growth.

Tony Sanders
Chief Executive Officer

STATEMENT OF COMPREHENSIVE INCOME

  Unaudited
six months ended 
31 March 
2019 

£

Unaudited 
six months ended 
31 March 
2018

£

Audited year 
ended 
30 Sept 
2018 

£

 

Revenue

68,857

10,372

 

157,218

 

Cost of sales

 

Gross profit

 

68,857

 

10,372

 

157,218

Administrative expenses

(572,134)

(562,451)

(1,282,027)

 
  (572,134) (562,451) (1,282,027)
 

Loss from operations

 

(503,277)

 

(552,079)

 

(1,124,809)

 

Net Finance income/(expense)

44

11

(2,460)

 
 

Loss before taxation

 

(503,233)

 

(552,068)

 

(1,127,269)

 

Taxation credit

20,481

Total comprehensive loss for the year

 

(503,233)

 

(552,068)

(1,106,788)

   
Attributable to equity shareholders of the parent  

(503,233)

 

(552,068)

 

(1,106,788)

 

Total basic and diluted loss per share

 

(0.04)

 

(0.05)

 

(0.06)

There were no comprehensive income and expense items (2018: nil) other than those reflected in the above income statement. All results relate to continuing activities.

STATEMENT OF FINANCIAL POSITION

Note Unaudited
six months
ended
31 March 
2019

 

£

Unaudited
six months
ended
31 March 
2018

 

£

Audited
year
ended
30 Sept 
2018

 

£

Non-current assets      
Intangible assets 11 11 11
11 11 11
 

Current assets

Trade and other receivables 101,394 42,439 48,864
Cash and cash equivalents 319,146 125,846 49,105
420,540 168,285 97,969
Current liabilities
Trade and other payables (651,530) (741,025) (674,247)
Interest-bearing loans (169,001) (158,300) (315,662)
(820,531) (899,325) (989,909)
     
Net Liabilities (399,980) (731,029) (891,929)

Capital and reserves attributable to equity holders of the company

Share capital  4  3,173,601  1,925,435  2,078,601
Share premium account 17,068,371 18,124,709 16,999,644
Shares to be issued 18,700 50,000 187,245
Share reserve (83,333) (1,250,000) (83,333)
Merger reserve 11,119,585 11,119,585 11,119,585
Capital Redemption Reserve 2,732,904 2,732,904 2,732,904
Retained losses (34,429,808) (33,433,662) (33,926,575)
Total Equity (399,980)  
(731,029)
 
(891,929)

STATEMENT OF CASH FLOWS

Unaudited
six months
ended
31 March 2019

£

Unaudited
six months
ended
31 March 2018

£

Audited
year
ended
30 Sept 2018

£

Loss for the period

 

(503,233)

 

(552,068)

 

(1,106,788)

Adjustments for:
Net bank and other interest (income) / charges (44)  2,121  2,460
Issue of share options / warrant charge 6,318 68,126
Services settled by the issue of shares 63,782 38,000 317,513
 

Net (loss) before changes in working capital

 (439,495)

 

 (505,629)

 

 (718,689)

(Increase) / decrease in trade and other receivables  (52,530)  34,699  28,272
(Decrease) / increase in trade and other
payables
 (22,720)  (321,816)  (411,961)

Cash from operations

 

(514,745)

 

(792,746)

 

(1,102,378)

Interest received

44

11

15

Interest paid (2,475)
Net cash flows from operating activities  (514,701) (792,735)  (1,104,838)
 

Investing activities

     
Investment in joint venture (10) (10)
Net cash flows from investing activities    (10)  (10)

Financing Activities

 
Issue of ordinary share capital 931,403 305,000 381,500
Repayment of loan (210,842) (241,227) (375,090)
New loans raised 64,181 105,000 397,725
Net cash flows from financing activities  784,742  168,773  404,135

Net increase / (decrease) in cash

270,041

(623,972)

(700,713)

Cash and cash equivalents at beginning of period  49,105  749,818  749,818
Cash and cash equivalents at end of period  319,146  125,846  49,105

STATEMENT OF CHANGES IN EQUITY

  Share Capital Share Premium Shares to be issued Other reserves Retained losses Total Equity
  £ £ £ £ £ £
Balance at 31 March 2018  1,925,435  18,124,709  50,000  12,602,489  (33,433,662)  (731,029)
Loss for the period  –  –  –  –  (554,720)  (554,720)
Conclusion of defaulting shares issue  –  (1,166,667)  –  1,166,667  –  –
Share issue agreed in advance  –  –  137,245  –  –  137,245
Share capital issued  153,166  41,602  –  –  194,768
Share options charge  –  –  –  –  61,807  61,807
Balance at 30 Sept 2018  2,078,601  16,999,644  187,245  13,769,156  (33,926,575)  (891,929)
Loss for the period  –  –  –  –  (503,233)  (503,233)
Share issue agreed in advance  –  –  (168,545)  –  –  (168,545)
Share capital issued  1,095,000  68,727  –  –  –  1,163,727
Share options charge  –  –  –  –
Balance at 31 March 2019  3,173,601  17,068,371  18,700  13,769,156  (34,429,808)  (399,980)

NOTES TO THE HALF YEARLY REPORT

1.                   General information

The principal activity of Catenae Innovation Plc (“Catenae” or “the Company”) is the provision of digital media and technology.

Catenae is incorporated in the United Kingdom with registration number 4689130. Catenae is domiciled in the United Kingdom and has its registered office at 27 Old Gloucester Street, London WC1N 3AX, and this is its principal place of business for the Company is 199 Bishopsgate, London
EC2M 3TY.

Catenae’s shares are quoted on the AIM market of the London Stock Exchange.

Catenae’s financial statements are presented in Pounds Sterling (£).

This financial information has been approved for issue by the Board of Directors on 27 June 2019.

2.                   Basis of preparation

The financial information in the half yearly report has been prepared using the recognition and measurement principles of International Accounting Standards, International Financial Reporting Standards and Interpretations adopted for use in the European Union (collectively Adopted IFRSs). The principal accounting policies used in preparing the half yearly report are those the Company expects to apply in its financial statements for the year ending 30 September 2019 and are unchanged from those disclosed in the Directors’ Report and financial statements for the year ended 30 September 2018.

The financial information for the six months ended 31 March 2019 and the six months ended 31 March 2018 is unaudited and does not constitute the Company’s statutory financial statements for those periods. The comparative financial information for the full year ended 30 September 2018 has, however, been derived from the audited statutory financial statements for that period. A copy of those statutory financial statements has been delivered to the Registrar of Companies.

While the financial figures included in this half-yearly report have been computed in accordance with IFRSs applicable to interim periods, this half-yearly report does not contain sufficient information to constitute an interim financial report as that term is defined in IAS 34.

Going concern

As stated in the accounts for the year to 30 September 2018, the future business model of the Company is based around the generation of sustainable revenues and profits through strategic partnerships and internal projects. As described in the Chief Executive’s statement, progress has been and continues to be made to develop the Company’s activities and associated revenues. However, as also noted in the 30 September 2018 accounts, the Company needs to raise further funds from the placing of shares or through other means, whilst the revenues and profits from these solutions are fully developed.

During the period the Company has raised funds of £995,000 through the issuing of shares for cash and settled £95,055 of services through the issue of shares.

In line with the plans and projections prepared by the Board, the Company’s activities continue to build, however in accordance with those plans, in the short term the Company needs to continue to raise funds from a combination of trading and placement of shares to fund its activities.

3.                   Loss per share

The calculation of the basic loss per share is based on the loss attributable to ordinary shareholders divided by the average weighted number of shares in issue during the period. The calculation of diluted loss per share is based on the basic loss per share, adjusted to allow for the issue of shares and the post tax effect of dividends and interest, on the assumed conversion of all other dilutive options and other potential ordinary shares.

There were 162,702,116 share options and 110,931,460 share warrants outstanding at 31 March 2019 (2018: 163,213,116 and 385,098,130), however the figures have not been adjusted to reflect conversion of these share options as the effects would be anti-dilutive.

Loss for 6 months to 
31 March 2019
£
Weighted average number of shares Per share amount
(pence)
Loss for 6 months to 
31 March 2018
£
Weighted average number of shares Per share amount
(pence)
(503,233) 1,321,073,786 (0.04) (552,068) 1,120,104,463 (0.05)

4.                   Share Capital

    31 March
2019
  30 Sept
2018
Number £ Number £
Allotted, called up and fully paid
Ordinary shares of 0.1p 3,173,601,652 3,173,601 2,078,601,652 2,078,601
3,173,601,652 3,173,601 2,078,601,652  2,078,601

On 7 November 2018, the Company issued 500,000,000 ordinary shares at a price of 0.12 pence per share for a cash consideration of £524,945 and for settlement of outstanding trade payables of £75,055.

On 5 March 2019, the Company issued 595,000,000 ordinary shares at a price of 0.10 pence per share for a cash consideration of £575,000 and for the settlement of outstanding trade payables of £20,000.

5.             Availability of the Half Yearly Report

Copies of the half yearly report are available to shareholders on the Company’s website at www.catenaeinnovation.com and from the Company’s trading address: 199 Bishopsgate, London EC2M 3TY.

Catenae Innovation #CTEA – Company Update and Issue of Equity

Catenae (AIM: CTEA), the AIM quoted provider of digital media and technology is pleased to announce new contracts, changes to its senior Management team and an Issue of Equity.

New Agreements
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.

Bradford City FC – The Company has entered into a proof of concept agreement with Bradford City FC Community Foundation (“Bradford”). It is anticipated that, on successful completion of the proof of concept, Bradford will convert the programme to a full agreement. A further announcement regarding this will be made in due course.  This brings the number of Football and Rugby clubs who have entered into agreements with the Company to six with ongoing conversations with a number of others.

3rd Sector Charity – The Company has also entered into its first agreement for OnSide within a non-sports related charity sector.  The charity has identified OnSide as providing the management and reporting functionality it requires to prove outcomes within its funding model.  The requirement utilises the Mentor management module that was released in the most recent OnSide product update.

Appointment of Head of Sales
The Company is pleased to announce the appointment of Nick Delacamp as Head of Sales. Nick brings a wealth of experience building sales organisations to deliver sustainable annuity revenues at organisations such as BT Global Services.
One of Nick’s first actions has been the appointment of a leading marketing partner to engage targeted organisations focussed upon the core sectors for the “OnSuite products” (i.e. OnSite, OnGuard and OnSide).

Issue of Equity
The Company has agreed to issue a total of 50,000,000 new ordinary shares of 0.1 pence per share in the Company at a price of 0.1 pence per share, settling £50,000 of creditor balances.

The 50,000,000 new ordinary shares will rank pari passu with the existing ordinary shares of Catenae. Application will be made for the 50,000,000 new ordinary shares to be admitted to trading on AIM, which is expected to occur on or around 28 May 2019.

Following the issue, the Company will have in issue 3,223,601,652 Ordinary shares with voting rights. The above figure may be used by shareholders as the denominator for 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.

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
 Andrew Thacker

Catenae Innovation #CTEA – Result of General Meeting

The Board of Catenae (AIM:CTEA), the AIM quoted provider of digital media and technology announces that at the General Meeting held today, all resolutions were duly passed.

For further information:

 

Catenae Innovation Plc

Tony Sanders

 

Tel: 020 7979 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

Catenae Innovation #CTEA – Notice of General Meeting

The Board of Catenae (AIM:CTEA), the AIM quoted provider of digital media and technology announces that it will hold a General Meeting to seek shareholder approval further to the announcement of 27 February 2019. The General Meeting will be held at the Company’s offices of WeWork, 1 Primrose Street, London EC2A 2EX at 12.00 pm on 25 April 2019.

The purpose of the meeting is to seek shareholders to approve new authority pursuant to section 551 and 570 of the Companies Act, which allows the Company to issue and allot new ordinary shares in the Company on a non pre-emptive basis. The Company announced on 27 February 2019 that it had placed 575,000,000 new ordinary shares together with warrants attached. The new authority is required, inter alia, to allow the warrants referred to in the 27 February 2019 announcement to be issued and to allow the Company to raise further equity capital on a non pre-emptive basis in the future.

A copy of the notice of General Meeting will shortly be available on the Company’s website: www.catenaeinnovation.com

 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 7979 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

Brand Comms CEO Alan Green talks Cadence Minerals #KDNC, Catenae Innovation #CTEA & iGas Energy #IGAS on the Vox Markets podcast

https://audioboom.com/posts/7212963-arif-khurshed-author-of-initial-public-offerings-alan-green-on-3-stocks-darren-sinden-on-macro

Alan Green CEO of Brand Communications discusses Cadence Minerals #KDNC, Catenae Innovations #CTEA and Igas Energy #IGAS with Justin Waite on the Vox Markets podcast. The interview starts at 18 minutes 34 seconds.

Brand Comms Podcast – Brand CEO Alan Green talks to Catenae Innovation #CTEA CEO Tony Sanders

Brand Comms CEO Alan Green talks to Tony Sanders, CEO of AIM listed Catenae Innovation (CTEA). Tony explains how Catenae have developed a range of blockchain applications for Onside, Onguard and Onsite, an application for multiple commercial processes. Tony talks through a recent contract win: a Firedoor inspection contract, which creates an annual annuity stream plus revenue per transaction. On the recent funding, Tony discusses the management team, which between them have invested over £300k from over the past 2 placings and now own over 7% between them. He explains how the funds will be used for sales and marketing, and how Catenae are one of the few companies around the world already earning money from the commercial application of blockchain in areas other than crypto currency.

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
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