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Catenae Innovation #CTEA – Agreement with Newcastle Premier Health Ltd

Catenae Innovation PLC (AIM: CTEA), the AIM quoted provider of digital media and technology, announces that it has signed an agreement with Newcastle Premier Health Limited (“NPH”), an occupational health and wellness business based in the North East of England.

Under the terms of the agreement, NPH will provide its knowhow to the Cov-ID project, a GDPR compliant identity documentation exchange system to record an individual’s Covid-19 test status through a mobile app that is intended to be marketed to businesses and organisations. 

As previously announced, the Cov-ID project is a joint initiative by a consortium of companies led by the Z/Yen Group. 

NPH has agreed to pilot the Cov-ID app which is expected to commence on 29 May 2020. 

Guy Meyer, Interim Chief Executive Officer of Catenae, commented: “We are delighted that occupational health and wellness business, Newcastle Premier Health, will pilot the Company’s Cov-ID mobile app technology on a selection of its employees in its efforts to return to work safely. Upon publication of a proof of concept, which is expected to take place within the next few weeks, the app will be available to be rolled out to benefit businesses and organisations as current restrictions begin to ease. We look forward to updating the market in due course.” 

Mark Philpott, Managing Director of NPH, said: “As a responsible and ethical occupational health provider, we understand the importance of enabling our clients and other local businesses to return to work safely and at an appropriate time in line with the best scientific and government advice available. We are looking forward to combining our clinical and occupational health expertise within the Cov-ID project, with the expertise of the other consortium members.

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 Guy Meyer, Interim Chief Executive Officer of the Company.

– Ends –

 

For further information please contact:

 

Catenae Innovation PLC

+44 (0) 191 580 8545

Guy Meyer, Interim Chief Executive Officer

Cairn Financial Advisers LLP (Nominated Adviser)

+44 (0)20 7213 0880

Liam Murray

Jo Turner

 

Brandon Hill Capital Limited Broker

Andy Gutmann

+44 (0) 20 3463 5000

+44 (0)78796 8313

 

Yellow Jersey PR (PR & IR)

+44 (0)20 3004 9512

Sarah Hollins

Annabel Atkins

 

Notes to Editors:

About Catenae Innovation PLC

Catenae Innovation is an AIM quoted provider of digital media and technology services. The Company specialises in Distributed Ledger Technology solutions that solve commercial challenges and create opportunities for its clients. The Company has an experienced IT team of project managers and integrators who have deployed systems across corporate, government and educational sectors.

www.catenaeinnovation.com 

About NPH Group

The NPH Group are a leading healthcare provider based in the North East of England. NPH offer Covid-19 strategic consultancy to global clients  and UK testing services nationally. In addition to a full range of professional Occupational Health and Wellbeing services, they help businesses and organisations achieve their strategic personnel goals, ensuring business remain compliant and productive. 

www.newcastlepremierhealth.com

Catenae Innovation #CTEA – Cov-ID Project Update

Catenae Innovation PLC (AIM: CTEA), the AIM quoted provider of digital media and technology, is pleased to report that, further to the announcement on 1 May 2020, the Company has commenced trialling and finalisation of the Cov-ID app.

The Cov-ID website is at  www.cov-id.io

Guy Meyer, Interim Chief Executive Officer, commented:  “We are pleased with the progress made, especially by our technical teams. There is interest in our solution and we look forward to updating the market with progress in the near future.”

Although the prototype Cov-ID app has been developed, there is no guarantee that it will be finalised nor enter the commercialisation stage, nor that in the event that it is commercialised, that any sales will be generated. 

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 Guy Meyer, Interim Chief Executive Officer of the Company.

– Ends –

For further information please contact:

 

Catenae Innovation PLC

+44 (0) 191 580 8545

Guy Meyer, Interim Chief Executive Officer

Cairn Financial Advisers LLP (Nominated Adviser)

+44 (0)20 7213 0880

Liam Murray

Jo Turner

Brandon Hill Capital Limited (Broker)

Andy Gutmann

+44 (0) 20 3463 5000

+44 (0)78796 8313

 

Yellow Jersey PR (PR & IR)

+44 (0)20 3004 9512

Sarah Hollins

Annabel Atkins

Catenae Innovation #CTEA – Result of General Meeting and Issue of Equity

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

As a consequence, further to announcement of 20 April 2020, application will be made for the 32,000,000 new ordinary shares to be admitted to trading on AIM, which is expected to occur on or around 20 May 2020. The 32,000,000 new ordinary shares will rank pari passu with the existing ordinary shares of Catenae.

Following admission, the Company will have in issue 139,236,017 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 Guy Meyer, Interim Chief Executive Officer of the Company.

– Ends –

For further information please contact:

Catenae Innovation PLC

+44 (0) 191 580 8545

Guy Meyer, Interim Chief Executive Officer

Cairn Financial Advisers LLP (Nominated Adviser)

+44 (0)20 7213 0880

Liam Murray

Jo Turner

Brandon Hill Capital Limited (Broker)

Andy Gutmann

+44 (0) 20 3463 5000

+44 (0)78796 8313

 

Yellow Jersey PR (PR & IR)

+44 (0)20 3004 9512

Sarah Hollins

Annabel Atkins

Catenae Innovation #CTEA – Conditional Placing to raise £320,000 and Update

Catenae Innovation PLC (AIM: CTEA), the AIM quoted provider of digital media and technology, today announces that it has conditionally raised gross proceeds of £320,000 by placing 32,000,000 new ordinary shares (“Placing Shares”) at a price of 1p per share (the “Placing”). 

The holders of the Placing Shares will receive warrants to subscribe for a further ordinary share in the Company for every 2 Placing Shares held, which may be exercised at a price of 1.25p per share.  The warrants may be exercised at anytime up to 2 years following the date the Placing Shares are admitted to trading on AIM.

The Placing has been conducted through Brandon Hill Capital Limited, the Company’s broker, at the mid-price as of the close of Friday 17 April 2020.

The net proceeds of the Placing will provide the Company with additional working capital headroom to progress its activities.

As the Company does not currently have authority to issue shares for cash on a non-pre-emptive basis the Placing is conditional on shareholders approving resolutions granting such authorities at a General Meeting of the Company which will shortly be convened. 

A further announcement providing details of the timing of the proposed General Meeting and the admission of the Placing Shares to trading on AIM will be made in due course.

Update

On the 26 March 2020 the Company announced a loan facility agreement with B.T.I.C. Limited for an amount of £150,000 to be used for general working capital purposes which would provide the Company with sufficient working capital until at least 30 June 2020.  Prior to this date the Company had notified the market that its working capital position was weak and it was required to raise further funding.

As a result of the impact of Covid-19 situation, on 31 March 2020 the Company was granted an extension by AIM Regulation to delay the deadline for posting its annual report and accounts until 30 June 2020. 

The Company announced on 17 April 2020 that it had joined a consortium led Z/Yen Group with the objective of building a GDPR compliant identity documentation exchange system, “Cov-ID”, to record an individual’s Covid-19 test status.

The announcement noted that the Cov-ID Project Technical mobilisation should occur over the next 2 week period, with a prototype, testing and finalisation stage occurring in the following 2 week period.  Further updates will be made by the Company

As noted in that announcement, there is no guarantee that the Cov-ID product will be finalised nor that the project will enter into the commercialisation stage, nor that in the event that it is commercialised, that the commercial terms will be favourable to the Company. 

Total Voting Rights

At the time of this announcement, the Company’s total issued share capital is 107,236,017 ordinary shares of 0.2p each.

The above figures 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.

Guy Meyer, Interim Chief Executive Officer, Catenae, said: “We are pleased to have raised this funding. This additional working capital will enable us to progress the recently announced involvement in the Cov-ID Project and also further develop our propriety technology, which is currently deployed across the Sporting, Man-Guarding and Facilities Management sectors.”

 

– Ends – 

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 Guy Meyer, Interim Chief Executive Officer of the Company.

For further information please contact:

 

Catenae Innovation PLC

+44 (0)191 580 8545

 

Guy Meyer, Interim Chief Executive Officer

 

 

Cairn Financial Advisers LLP (Nominated Adviser)

Liam Murray
Jo Turner

 

+44 (0)20 7213 0880

 

Brandon Hill Capital Limited, Broker

 

+44 (0)20 3463 5000

Andy Gutmann

+44 (0)78796 8313

 

 

Yellow Jersey PR (PR & IR)

 

+44 (0)20 3004 9512

 

Sarah Hollins

Annabel Atkins

 

Forward-Looking Statements

Certain statements made in this announcement are forward-looking statements. These forward-looking statements are not historical facts but rather are based on the Company’s current expectations, estimates, and projections about its industry; its beliefs; and assumptions. Words such as ‘anticipates,’ ‘expects,’ ‘intends,’ ‘plans,’ ‘believes,’ ‘seeks,’ ‘estimates,’ and similar expressions are intended to identify forward-looking statements. These statements are not guarantees of future performance and are subject to known and unknown risks, uncertainties, and other factors, some of which are beyond the Company’s control, are difficult to predict, and could cause actual results to differ materially from those expressed or forecasted in the forward-looking statements.

The Company cautions security holders and prospective security holders not to place undue reliance on these forward-looking statements, which reflect the view of the Company only as of the date of this announcement. The forward-looking statements made in this announcement relate only to events as of the date on which the statements are made. The Company will not undertake any obligation to release publicly any revisions or updates to these forward-looking statements to reflect events, circumstances, or unanticipated events occurring after the date of this announcement except as required by law or by any appropriate regulatory authority.

Catenae Innovation #CTEA joins Consortium on Cov-ID Project

Catenae Innovation PLC (AIM: CTEA), the AIM quoted provider of digital media and technology, today announces that it has joined a consortium led by Z/Yen Group (“Z/Yen”) with the objective of building a GDPR compliant identity documentation exchange system, “Cov-ID”, to record an individual’s Covid-19 test status. Details of the project can be found at https://www.chainzy.com/case-studies/cov-id-project/

The Cov-ID ‘digital passport’ would record both swab tests (active virus) and serological tests (antibody) and enable people to easily share their status – unexposed, active and recovered – in any fast, secure digital medium. The benefit is an authoritative way for specific groups to know that they can responsibly allow people to congregate at work or in social settings. The vast testing information being compiled can be shared with controls that ensure individuals remain in charge of their data. The Cov-ID system will use an ‘internet of record’ Smart Ledger (aka blockchain) identity documentation platform called ChainZy and a digital identity product IDChainZ. Both systems were developed by Z/Yen, the City of London’s leading commercial think-tank, which has significant expertise in health and software development, running the software and timestamping for  clinical assessment trials worldwide.

The Cov-ID Project Technical mobilisation should occur over the next 2 week period, with a prototype, testing and finalisation stage occurring in the following 2 week period. 

Catenae is an intellectual property client of Z/Yen using ChainZy for its OnSite products and will provide expertise and Catenae’s own propriety technology which is currently deployed across the Sporting, Man-Guarding and Facilities Management sectors.

About Z/Yen Group

Z/Yen was founded in 1994 to promote societal advance through better finance and technology. Z/Yen has built its practice around a core of high-powered project managers, supported by experienced technical specialists so that clients get expertise they need, rather than just resources available.  The firm is headquartered in London, but Z/Yen is committed to the ‘virtual office’ concept and is an intense user of technology in order to improve flexibility and benefit staff. Z/Yen has 25 full-time-equivalent staff and over 300 associate experts.  Z/Yen people share significantly in the benefits of success and Z/Yen seeks to develop a supportive environment in which professionals from a variety of disciplines can flourish.

Consortium members

Other members of the consortium are:-

  •  fm2x, a specialist software provider working with Z/Yen for over 25 years providing secure systems to the Cabinet Office and running youthinmind’s systems, handling over 15 million clinical assessments per year.
  • SI Units, a data science company of young researchers specialising in bespoke projects connecting interdisciplinary expertise providing novel forecasts, using machine learning, artificial intelligence, data science and physics. 

There is no guarantee that the Cov-ID product will be finalised nor enter the commercialisation stage, nor that in the event that it is commercialised, that the commercial terms will be favourable to the Company.

Guy Meyer, Interim Chief Executive Officer, Catenae, said: “We are very pleased to be part of this fast-moving dynamic consortium developing such an exciting, innovative and relevant product utilising our combined technology expertise. The Cov-ID digital passport will allow this testing data to be available simply on a fast, reliable and secure controlled exchange in real-time. User participation needs to be from the ground up and not imposed top down. To that end, the social and economic benefits to users needs to be compelling as society emerges from current restrictions. Clearly these benefits of enabling people to re-enter the workplace or social settings are enormous. We look forward to updating the market as the project progresses. “

Professor Michael Mainelli, Executive Chairman, Z/Yen Group, said:  “We are delighted to welcome Catenae to this consortium.  There are many suggestions for handling the return to normality safely, and our proposal for an open source architecture to help provide solid evidence of exposure, simply, reliably, and in line with privacy concerns could help not just with covid-19 but also other identity & documentation exchange.  Catenae’s experience in on-site validation is invaluable to our consortium .”

– Ends –

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 Guy Meyer, Interim Chief Executive Officer of the Company.

For further information please contact:

 

Catenae Innovation PLC

+44 (0)191 580 8545

 

Guy Meyer, Interim Chief Executive Officer

 

 

Cairn Financial Advisers LLP (Nominated Adviser)

 

+44 (0)20 7213 0880

 

Liam Murray
Jo Turner

 

 

Brandon Hill Capital Limited (Broker)

 

+44 (0)20 3463 5000

Andrew Gutmann

 

  +44 (0)7879 681313

 

 

Yellow Jersey PR (PR & IR)

 

+44 (0)20 3004 9512

 

Sarah Hollins
Annabel Atkins

Notes to editors:

For further information on the Cov-ID Project and consortium please see link below: 

https://www.chainzy.com/case-studies/cov-id-project/

 

Forward-Looking Statements

Certain statements made in this announcement are forward-looking statements. These forward-looking statements are not historical facts but rather are based on the Company’s current expectations, estimates, and projections about its industry; its beliefs; and assumptions. Words such as ‘anticipates,’ ‘expects,’ ‘intends,’ ‘plans,’ ‘believes,’ ‘seeks,’ ‘estimates,’ and similar expressions are intended to identify forward-looking statements. These statements are not guarantees of future performance and are subject to known and unknown risks, uncertainties, and other factors, some of which are beyond the Company’s control, are difficult to predict, and could cause actual results to differ materially from those expressed or forecasted in the forward-looking statements.

The Company cautions security holders and prospective security holders not to place undue reliance on these forward-looking statements, which reflect the view of the Company only as of the date of this announcement. The forward-looking statements made in this announcement relate only to events as of the date on which the statements are made. The Company will not undertake any obligation to release publicly any revisions or updates to these forward-looking statements to reflect events, circumstances, or unanticipated events occurring after the date of this announcement except as required by law or by any appropriate regulatory authority.

Catenae Innovation #CTEA appoints Brandon Hill Capital as sole corporate broker

Catenae Innovation PLC (AIM: CTEA), the AIM quoted provider of digital media and technology, today announces the appointment of Brandon Hill Capital Limited as sole corporate broker to the Company.

– Ends –

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 Guy Meyer, Interim Chief Executive Officer of the Company.

For further information please contact: 

Catenae Innovation PLC

+44 (0)191 580 8545

 

Guy Meyer, Interim Chief Executive Officer

 

 

Cairn Financial Advisers LLP (Nominated Adviser)

 

+44 (0)20 7213 0880

Liam Murray
Jo Turner

 

 

Brandon Hill Capital Limited (Sole Broker)

 

+44 (0)20 3463 5000

Andy Gutmann

                                                   +44 (0)78796 8313

 

 

Yellow Jersey PR (PR & IR)

 

+44 (0)20 3004 9512

 

Sarah Hollins
Annabel Atkins

Catenae Innovation #CTEA – Working Capital Facility

Catenae Innovation PLC (AIM: CTEA), the AIM quoted provider of digital media and technology, is pleased to announce that it has entered into a loan facility agreement with B.T.I.C. Limited for an amount of £150,000 (“Loan Facility” or “Agreement”).  The Loan Facility will be used for the general working capital purposes of the Company.

The Loan Facility is unsecured and accrues interest at the rate of 11 per cent per annum and may be drawn down in three tranches commencing before 31 March 2020.  The Loan Facility is repayable by 25 March 2022. The Loan Facility may be converted into ordinary shares of the Company in the event of a reverse transaction at a price equivalent to the price the shares are re-admitted to trading.

The Loan Facility provides the Company with sufficient working capital until at least 30 June 2020.

B.T.I.C. Limited is a company controlled by Brian Thompson who has an interest over 31,129,781 shares in the Company, representing circa 29% of the Company’s issued share capital.  Under the AIM Rules Brian Thompson is a substantial shareholder and is therefore a related party.

The directors of the Company, who are all independent of the Agreement consider, having consulted with its nominated adviser, that the terms of the Agreement are fair and reasonable insofar as shareholders are concerned. 

Guy Meyer, Interim Chief Executive Officer commented: “I am pleased to report that new funding has been secured to support the Company’s working capital position in the short term.  We look forward to updating the market on future progress in due course.”

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 Guy Meyer, Interim Chief Executive Officer of the Company.

For further information please contact:

 

Catenae Innovation PLC

+44 (0)20 7929 7826

Guy Meyer, Interim Chief Executive Officer

 

Cairn Financial Advisers LLP (Nominated Adviser)

+44 (0)20 7213 0880

Liam Murray
Jo Turner

Turner Pope Investments (TPI) Limited (Broker)

+44 (0)20 3657 0050

Andrew Thacker

Zoe Alexander

 

 

Yellow Jersey PR (PR & IR)

+44 (0)20 3004 9512

Sarah Hollins
Annabel Atkins

 

Forward-Looking Statements

Certain statements made in this announcement are forward-looking statements. These forward-looking statements are not historical facts but rather are based on the Company’s current expectations, estimates, and projections about its industry; its beliefs; and assumptions. Words such as ‘anticipates,’ ‘expects,’ ‘intends,’ ‘plans,’ ‘believes,’ ‘seeks,’ ‘estimates,’ and similar expressions are intended to identify forward-looking statements. These statements are not guarantees of future performance and are subject to known and unknown risks, uncertainties, and other factors, some of which are beyond the Company’s control, are difficult to predict, and could cause actual results to differ materially from those expressed or forecasted in the forward-looking statements. The Company cautions security holders and prospective security holders not to place undue reliance on these forward-looking statements, which reflect the view of the Company only as of the date of this announcement. The forward-looking statements made in this announcement relate only to events as of the date on which the statements are made. The Company will not undertake any obligation to release publicly any revisions or updates to these forward-looking statements to reflect events, circumstances, or unanticipated events occurring after the date of this announcement except as required by law or by any appropriate regulatory authority.

Catenae Innovation #CTAE – Subscription, conversion of existing liabilities, conditional issue of warrants and proposed directorate change

Following the recent announcements about the Company’s weak working capital position Catenae announces that it has issued 75,000,000 new ordinary shares in the Company by way of a subscription and conversion of existing liabilities in the Company.  The shares to be issued pursuant to the subscription and conversion will use the shareholder authorities granted at the general meeting held by the Company on 23 December 2019.

Subscription and conditional issue of warrants

The Company has raised £153,000 through the subscription (the “Subscription”) for 38,250,000 new ordinary shares (“Subscription Shares”) at a price of 0.4 pence per share (the “Subscription Price”).  The Subscription Shares are subject to a six-month lock-in expiring six months following their issue.  The Subscription Shares represent circa 35.7 per cent. of the enlarged share capital.

The Company has agreed, subject to shareholder approval at a forthcoming General Meeting of the Company, to issue each subscriber a warrant to subscribe for the same number of ordinary shares subscribed for in the Subscription (“Subscription Warrants”).  The Subscription Warrants are exercisable for a period of 2 years from issue at the Subscription Price. Subscription Warrants over 38,250,000 ordinary shares have been conditionally issued.

Guy Meyer, Interim CEO and a director of the Company, has subscribed for 2,000,000 (£8,000) shares in the Subscription and pursuant to the AIM Rules, is a related party transaction (the “Transaction”).  Independent Director, Kevin Everett, having consulted with the Company’s Nominated Adviser, believes that the terms of the Transaction are fair and reasonable insofar as shareholders are concerned.

Conversion and conditional issue of warrants

Certain of the Company’s creditors have agreed to convert their existing liabilities into ordinary shares (the “Conversion”).  Consequently the Company has issued 36,750,000 new ordinary shares at a price of 1.1p per share (the “Conversion Shares”) in order to settle aggregate liabilities of £404,250.  The Conversion Shares are subject to a six-month lock-in expiring 6 months following their issue.  The Conversion Shares represent circa 18.8 per cent. of the enlarged share capital.

The Conversion has the impact of strengthening the Company’s Balance Sheet and allows the Company to use its cash resources to fund current and potential trading opportunities.

The Company has conditionally agreed to grant warrants over 20,159,091 new ordinary shares to certain creditors in relation to the Conversion (“Conversion Warrants”).  The Conversion Warrants are exercisable for a period of 2 years from issue at the Subscription Price.  The issue of the Conversion Warrants is subject to shareholder authorities being granted at a forthcoming General Meeting of the Company.

Included in the Conversion detailed above is the issue of 1,158,3649 ordinary shares to Cloisters Capital LLP (“Cloisters” or “Cloisters’ Conversion”).  Cloisters is an entity controlled by John Farthing, Chief Financial Officer. Mr Farthing is not a director of the Company.  Mr Farthing is considered a PDMR (Person Discharging Management Responsibility).  The conversion is in relation to professional fees owed to Cloisters.  Further details of the issue are set out in a table at the end of this announcement.

The Cloisters’ Conversion is considered a related party transaction pursuant to the AIM Rules as Mr Farthing is a director of a joint venture of the Company.  The directors of the Company, having consulted with the Company’s nominated adviser, believe that the terms of the Cloisters’ Conversion are fair and reasonable insofar as shareholders are concerned.

Admission of Shares to Trading on AIM

Application has been made for the 75,000,000 new ordinary shares, constituting the Subscription Shares and the Conversion Shares, to be admitted to trading on AIM, which is expected to occur on or around 6 February 2020. The 75,000,000 new ordinary shares will rank pari passu with the existing ordinary shares.

Proposed Directorate Change

Brian William Thompson has subscribed for 25,000,000 new ordinary shares in the Subscription and, in addition, has been issued 5,681,818 Conversion Shares in relation to a creditor balance owed to him, which, when  aggregated with his existing holding in the Company, will represent circa 29.0 per cent of the enlarged issued share capital.

It is intended that, subject to the completion of normal regulatory due diligence, Mr Thompson will be appointed as a non-executive director of the Company.

Mr Thompson  is an entrepreneur and is the founder owner of Newcastle-based B.T.I.C.  Ltd, a successful business that has operated in the insurance industry since 1985. He is also a director of Third Eye Neurotech Ltd.

Further disclosure on Mr Thompson will be made in due course.

Working capital update

The Subscription and Conversion eases the Company’s immediate working capital position and provides the Company with funds to continue trading and meet its liabilities as they fall due in the short term.  The directors estimate that the Company will be likely to need to raise further funds by 31 March 2020. The Company will shortly convene a General Meeting seeking the requisite shareholder authorities to, inter alia, issue new shares.

The Company’s balance sheet has been further strengthened as a result of circa £130,000 payroll related liabilities having being waived.

The current directors have also reduced their remuneration to conserve the cash resources of the Company.

Following the Subscription, Conversion and waiver of payroll related liabilities as described above, the Company’s working capital position will still need to be carefully managed.

General Meeting

As stated above, the Company will be seeking the consent of shareholders at a General Meeting for, inter alia, renewed authorities for directors to be able to issue further shares and the grant of the Conversion Warrants.

Total voting rights

The Company’s total issued share capital prior to this announcement was 32,236,017 ordinary shares of 0.2p each.

Following the Subscription and Conversion described above the Company’s total issued share capital will comprise 107,236,017 ordinary shares.  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 Guy Meyer (Interim Chief Executive Officer).

 

 

Catenae Innovation Plc

Guy Meyer

 

 

Tel: 020 7929 7826

Cairn Financial Advisers LLP, Nominated Adviser

Liam Murray / Jo Turner

 

Tel: 020 7213 0880

Turner Pope Investments (TPI) Limited Broker

Andrew Thacker / Zoe Alexander

Tel: 020 3657 0050

Yellow Jersey, PR & IR Adviser

Charles Goodwin

Tel: 020 3004 9512

 

Forward-Looking Statements

Certain statements made in this announcement are forward-looking statements. These forward-looking statements are not historical facts but rather are based on the Company’s current expectations, estimates, and projections about its industry; its beliefs; and assumptions. Words such as ‘anticipates,’ ‘expects,’ ‘intends,’ ‘plans,’ ‘believes,’ ‘seeks,’ ‘estimates,’ and similar expressions are intended to identify forward-looking statements. These statements are not guarantees of future performance and are subject to known and unknown risks, uncertainties, and other factors, some of which are beyond the Company’s control, are difficult to predict, and could cause actual results to differ materially from those expressed or forecasted in the forward-looking statements. The Company cautions security holders and prospective security holders not to place undue reliance on these forward-looking statements, which reflect the view of the Company only as of the date of this announcement. The forward-looking statements made in this announcement relate only to events as of the date on which the statements are made. The Company will not undertake any obligation to release publicly any revisions or updates to these forward-looking statements to reflect events, circumstances, or unanticipated events occurring after the date of this announcement except as required by law or by any appropriate regulatory authority.

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)John Farthing

(2) Guy Meyer

2

Reason for notification

a.

Position/Status

(1) Chief Financial Officer

(2) Interim CEO

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 0.2p each

 

GB00BKM6CG53

b.

Nature of the transaction

Issue of ordinary shares

c.

Price(s) and volume(s)

Price(s) per share

Volume(s)

(1) 1.1 pence

(2) 0.4 pence

 

(1) 1,158,369

(2) 2,000,000

 

 

d.

Aggregated information

 

– Aggregated Volume

 

– Price

 

 

(1) 1,158,364

(2) 2,000,000

 

(1) 1.1 pence

(2) 0.4 pence

 

e.

Date of the transaction

31 January 2020

f.

Place of the transaction

AIM

Catenae Innovation (CTEA) has signed a renewal agreement with Southend United Community and Educational Trust for “OnSide”.

Catenae (AIM:CTEA), the AIM quoted provider of digital media and technology, announces that, further to announcement 22 May 2019, it has signed a new agreement with Bradford City FC Community Foundation for “Onside”.

Additionally, further to the announcement made 22 October 2018, the Company has signed a renewal agreement with Southend United Community and Educational Trust for “OnSide”.

“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 to internal and external stakeholders, all in a GDPR compliant platform.

Update

As announced on 6 December 2019, the Company has convened a General Meeting to be held at 11:00am on 23 December 2019, to be held at the offices of the Company’s recently appointed corporate lawyers, Goodman Derrick LLP, Fifth Floor, 10 St Bride Street, London EC4A 4AD.

A circular was posted to shareholders providing details of a proposed capital reorganisation and increase of authorisation to issue shares on a non pre-emptive basis.

The Company continues to carefully manage its working capital position and intends to raise further capital in the near future in order to underpin the next phase of development.  The capital reorganisation will facilitate a future fundraise.

Guy Meyer, Interim CEO stated:

“These contracts are a vote of confidence in the business, our product set and, in particular, the team of talented customer focused individuals who constantly innovate our offerings to meet the high expectations of our clients. The directors intend to place every effort into growing the Company and enhancing shareholder value over the next year.” 

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 Guy Meyer (Interim Chief Executive Officer).

For further information:

 

Catenae Innovation Plc

Guy Meyer

 

 

Tel: 020 7929 7826

Cairn Financial Advisers LLP, Nominated Adviser

Liam Murray / Jo Turner

 

Tel: 020 7213 0880

Turner Pope Investments (TPI) Limited, Broker

Andrew Thacker / Zoe Alexander

Tel: 020 3657 0050

 

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.

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