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Tag Archives: CTEA
Alan Green talks Versarien #VRS, Two Shields Investments #TSI & Catenae Innovation #CTEA on Vox Markets podcast
Alan Green discusses Versarien #VRS, Two Shields Investments #TSI & Catenae Innovation #CTEA on Vox Markets podcast. Interview is 18 minutes 37 seconds in.
Alan Green talks house builders, Braveheart Investments #BRH, Two Shields Investments #TSI, ECR Minerals #ECR & Catenae #CTEA on UK Investor Mag podcast
Alan Green discusses house builders, Braveheart Investments #BRH, Two Shields Investments #TSI, ECR Minerals #ECR & Catenae #CTEA with Jonathan Roy on the UK Investor Mag podcast.
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
|
+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
|
|
|
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 |
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
|
|
|
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 |
Catenae Innovation #CTEA – Major Shareholdings for Brian Thompson, Anthony Daltrey, Steven King & Sanderson Capital Partners
TR-1: Brian William Thompson – Standard form for notification of major holdings
|
NOTIFICATION OF MAJOR HOLDINGS (to be sent to the relevant issuer and to the FCA in Microsoft Word format if possible) i |
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1a. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached ii : |
CATENAE INNOVATION PLC |
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|
1b. Please indicate if the issuer is a non-UK issuer (please mark with an “X” if appropriate) |
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|
Non-UK issuer |
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|
2. Reason for the notification (please mark the appropriate box or boxes with an “X”) |
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An acquisition or disposal of voting rights |
X |
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|
An acquisition or disposal of financial instruments |
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|
An event changing the breakdown of voting rights |
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Other (please specify)iii: |
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3. Details of person subject to the notification obligation iv |
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|
Name |
BRIAN WILLIAM THOMPSON |
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City and country of registered office (if applicable) |
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4. Full name of shareholder(s) (if different from 3.) v |
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|
Name |
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|
City and country of registered office (if applicable) |
||||||
|
5. Date on which the threshold was crossed or reached vi : |
31/01/2020 |
|||||
|
6. Date on which issuer notified (DD/MM/YYYY): |
30/03/2020 |
|||||
|
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 both in % (8.A + 8.B) |
Total number of voting rights of issuer vii |
|||
|
Resulting situation on the date on which threshold was crossed or reached |
29.2% |
29.2% |
107,263,017 |
|||
|
Position of previous notification (if applicable) |
n/a |
n/a |
||||
|
8. Notified details of the resulting situation on the date on which the threshold was crossed or reached viii |
|||||||||
|
A: Voting rights attached to shares |
|||||||||
|
Class/type of ISIN code (if possible) |
Number of voting rights ix |
% 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) |
||||||
|
GB0033127910 |
31,318,797 |
29.2% |
|||||||
|
SUBTOTAL 8. A |
31,318,797 |
29.2% |
|||||||
|
|
|||||||||
|
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 |
Exercise/ |
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 |
Exercise/ |
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 |
||||
|
Name xv |
% 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 information xvi |
||||
|
Place of completion |
NEWCASTLE, ENGLAND |
|
Date of completion |
30/03/2020 |
TR-1: Anthony Leonard Daltrey – Standard form for notification of major holdings
|
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 attached ii : |
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 obligation iv |
||||||
|
Name |
ANTHONY LEONARD DALTREY |
|||||
|
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 reached vi : |
31/01/2020 |
|||||
|
6. Date on which issuer notified (DD/MM/YYYY): |
30/03/2020 |
|||||
|
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 both in % (8.A + 8.B) |
Total number of voting rights of issuer vii |
|||
|
Resulting situation on the date on which threshold was crossed or reached |
12.7% |
12.7% |
107,263,017 |
|||
|
Position of previous notification (if applicable) |
n/a |
n/a |
||||
|
8. Notified details of the resulting situation on the date on which the threshold was crossed or reached viii |
|||||||||
|
A: Voting rights attached to shares |
|||||||||
|
Class/type of ISIN code (if possible) |
Number of voting rights ix |
% 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) |
||||||
|
GB0033127910 |
13,656,818 |
12.7% |
|||||||
|
SUBTOTAL 8. A |
13,656,818 |
12.7% |
|||||||
|
|
|||||||||
|
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 |
Exercise/ |
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 |
Exercise/ |
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 |
||||
|
Name xv |
% 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 information xvi |
||||
|
Place of completion |
CHELMSFORD, ENGLAND |
|
Date of completion |
30/03/2020 |
TR-1: Sanderson Capital Partners Ltd – Standard form for notification of major holdings
|
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 attached ii : |
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 obligation iv |
||||||
|
Name |
Sanderson Capital Partners Ltd |
|||||
|
City and country of registered office (if applicable) |
London, England |
|||||
|
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 reached vi : |
31/01/2020 |
|||||
|
6. Date on which issuer notified (DD/MM/YYYY): |
30/03/2020 |
|||||
|
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 both in % (8.A + 8.B) |
Total number of voting rights of issuer vii |
|||
|
Resulting situation on the date on which threshold was crossed or reached |
7.42% |
7.42% |
107,263,017 |
|||
|
Position of previous notification (if applicable) |
n/a |
n/a |
||||
|
8. Notified details of the resulting situation on the date on which the threshold was crossed or reached viii |
|||||||||
|
A: Voting rights attached to shares |
|||||||||
|
Class/type of ISIN code (if possible) |
Number of voting rights ix |
% 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) |
||||||
|
GB0033127910 |
7,954,545 |
7.42% |
|||||||
|
SUBTOTAL 8. A |
7,954,545 |
7.42% |
|||||||
|
|
|||||||||
|
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 |
Exercise/ |
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 |
Exercise/ |
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 |
||||
|
Name xv |
% 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 information xvi |
||||
|
Place of completion |
LONDON, ENGLAND |
|
Date of completion |
30/03/2020 |
TR-1: Steven King – Standard form for notification of major holdings
|
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 attached ii : |
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 obligation iv |
||||||
|
Name |
STEVEN JOHN KING |
|||||
|
City and country of registered office (if applicable) |
||||||
|
4. Full name of shareholder(s) (if different from 3.) v |
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|
Name |
||||||
|
City and country of registered office (if applicable) |
||||||
|
5. Date on which the threshold was crossed or reached vi : |
31/01/2020 |
|||||
|
6. Date on which issuer notified (DD/MM/YYYY): |
30/03/2020 |
|||||
|
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 both in % (8.A + 8.B) |
Total number of voting rights of issuer vii |
|||
|
Resulting situation on the date on which threshold was crossed or reached |
9.43% |
0.60% |
10.03% |
107,263,017 |
||
|
Position of previous notification (if applicable) |
n/a |
n/a |
||||
|
8. Notified details of the resulting situation on the date on which the threshold was crossed or reached viii |
|||||||||
|
A: Voting rights attached to shares |
|||||||||
|
Class/type of ISIN code (if possible) |
Number of voting rights ix |
% 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) |
||||||
|
GB0033127910 |
10,113,636 |
9.43% |
|||||||
|
SUBTOTAL 8. A |
10, 113,636 |
9.43% |
|||||||
|
|
|||||||||
|
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 |
Exercise/ |
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 |
Exercise/ |
Physical or cash settlementxii |
Number of voting rights |
% of voting rights |
||||
|
Spread bet |
Cash |
642,748 |
0.60% |
||||||
|
|
SUBTOTAL 8.B.2 |
642,748 |
0.60% |
||||||
|
|
|||||||||
|
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 |
||||
|
Name xv |
% 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 information xvi |
||||
|
Place of completion |
LONDON, ENGLAND |
|
Date of completion |
30/03/2020 |
Catenae Innovation #CTEA – Annual Report, Trading & COVID-19 Update
Catenae Innovation PLC (AIM: CTEA), the AIM quoted provider of digital media and technology, provides the following update in relation to its Annual Report and Accounts, Trading and COVID-19.
Annual Report and Accounts
Due to the current COVID-19 outbreak, the Company will be unable to post its annual audited accounts to shareholders for the year to 30 September 2019 by the 31 March 2020 deadline pursuant to AIM Rule 18.
Further to the guidance provided by AIM Regulation in “Inside Aim” on 26 March 2020, the Company requested an additional period of up to three months to publish its annual audited accounts for the year ended 30 September 2019.
AIM Regulation has granted the extension, and therefore the Company will publish its annual audited accounts to 30 September 2019 by 30 June 2020. Catenae has also applied for and been granted an extension to delay the filing of its audited annual accounts by Companies House until 30 June 2020.
Trading and COVID-19 update
Catenae’s principal trading activity is providing services to clients operating in the Facilities Management sector along with customers, allied to football and rugby clubs, who offer local engagement services on behalf of local authorities. All the Company’s products use Distributed Ledger Technology which provide clients with audit trails proving that contracted services are fulfilled. The Company’s service mitigates risk as operative activities are geo-tagged and date and time stamped in an immutable form.
Given the Company’s recent corporate restructuring, unaudited accounts show a loss for the year to 30 September 2019 of £789,565 (2018: £1,106,788) on turnover of £102,549 (2018: £157,218). Further to the announcements in December 2019 regarding trading performance and working capital requirements, the Company acknowledges that both sets of results are disappointing. Further cost-cutting measures have been implemented.
The Company is closely monitoring the impact of the COVID-19 virus. The wellbeing and safety of our staff is of primary importance. Catenae’s workforce work remotely and the Company’s technology product continues to be used effectively with customers and partners. This approach contributes to Company resilience in the current circumstances.
Catenae has previously announced that Brian Thompson and John Farthing will be appointed as directors to the Company, subject to regulatory approvals. The Company anticipates that both these appointments will be made soon.
Guy Meyer, Interim Chief Executive Officer, said:
“Following the corporate restructuring last year, the Board recognises that both of the results are disappointing. However, we are pleased to report the new short term funding. It is also encouraging in current market conditions that the Company shortly moves into the second year of a three-year contract with Charlton Athletic Community Trust. Catenae continues to innovate its products so that following the easing of restrictions and less economic uncertainty, the Company will be in a better position to compete. The Board also looks forward to Brian and John joining the Board in the near future adding their considerable wealth of experience and expertise.”
– 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)20 7929 7826 |
|
Guy Meyer, Interim Chief Executive Officer
|
|
|
Cairn Financial Advisers LLP (Nominated Adviser) |
+44 (0)20 7213 0880
|
|
Liam Murray
|
|
|
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 |
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 – 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 |
|
|
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 |
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 |
|
|
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 |
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 |
|
|
Tel: 020 3657 0050 |