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Alan Simpson, Chief Technology Officer, Catenae Innovation P.L.C. (LON:CTEA) Interview
Catenae (AIM: CTEA), the AIM quoted provider of digital media and technology announces the following changes to its senior Management team and Board.
Proposed appointment of Alan Simpson CTO to the Executive Board
Alan is a highly regarded technologist with vast experience in a number of high-profile projects in a career ranging from Military Cryptologist through to those projects which can be publicly named such as being the Technical Delivery Manager for BBC’s flagship iPlayer project.
Alan joined the Company in June 2018 and has been responsible for the delivery of technical projects within the Company including Sequestrum, its DLT/Blockchain platform, and the recently launched Onsite. This appointment recognises the contribution and commitment Alan has shown to the Company.
This, combined with his broad technical expertise, and commercial experience will be a welcome addition to the Board. A further announcement providing information pursuant to AIM Rule Schedule 2(g) will be made in due course.
Catenae Innovation #CTEA: OnSite – Contract Signed
Catenae (AIM:CTEA), the AIM quoted provider of digital media and technology announces it has signed its first agreements for OnSite with Firedoor Guardian Limited (“FDG”), a provider of building management and inspection services to the construction industry.
OnSite integrates the Company’s blockchain technology, Sequestrum, which was launched in December 2018. The agreements have an aggregate value of £50,000 which will be invoiced immediately.
The agreements include a licence agreement and a support agreement. The agreements have provision for pricing of additional volume related transactions that may occur during the term of the contract.
FDG wishes to create an immutable database of their inspection records and audit information as required under the BS9999 and The Regulatory Reform (Fire Safety) Order 2005 and as recommended in the independent review of Building Regulations and Fire Safety report led by Dame Judith Hackett following the Grenfell Tower fire.
OnSite utilises the latest mobile and cloud technologies and integrates Catenae’s distributed ledger technology which provides clients with the ability to store critical and regulatory reports in an immutable form within the Sequestrum repository providing auditable proof of both the existence of the report as well as its original content. OnSite provides the ability for companies to manage and schedule their workforce and provides a universal inspection and reporting tool that has been adapted to meet the regulatory reporting standards for this industry.
The integration of Sequestrum provides full ‘Proof of Work’ by ensuring that inspection reports are stored in an immutable form directly from the mobile input device, recording the geo-coordinates of the device and centralised time stamping as meta data for full auditability.
Guy Meyer, a director of the Company is also a non-executive director and shareholder in FDG, consequently the entering into the agreements is being deemed a related party transaction (the “Transaction”) under the AIM Rules for Companies. The directors independent of the Transaction, having consulted with the Company’s nominated adviser, believe that the terms of the transaction are fair and reasonable insofar as shareholders are concerned.
Tony Sanders, CEO, said: “We are pleased to sign this initial agreement for our new product OnSite so soon after the product launch in December 2018, this follows extensive testing and proof of concept programme with the client. Being able to show blockchain technology being used in a ‘real world’ application was key to the Company accepting the opportunity to present its solutions at the UK Investor City Forum event on 21st January 2019, as there are not many opportunities to see blockchain technology working beyond conceptual applications. We hope to be making further announcements shortly.”
This announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014. The person who arranged for release of this announcement on behalf of the Company was Tony Sanders (Chief Executive Officer).
For further information:
| Catenae Innovation Plc Tony Sanders |
Tel: 020 7929 7826 |
|
Cairn Financial Advisers LLP, Nominated Adviser |
Tel: 020 7213 0880 |
|
Alexander David Securities Limited, Broker |
Tel: 020 7448 9820 |
Catenae Innovation #CTEA – Issue of Equity and Update Settlement Agreement for October 2016 Placing
Issue of Equity
Catenae (AIM: CTEA), the AIM quoted provider of digital media and technology, announces that it has agreed to issue a total of 118,833,332 new ordinary shares of 0.1 pence per share in the Company.
The Company has issued 41,666,666 new ordinary shares (Subscription Shares”) at a price of 0.12 pence per share raising gross proceeds of £50,000 in cash and will settle existing creditor balance of £83,000 through the issue of 29,166,666 Shares at 0.12 pence per share and 48,000,000 Shares at 0.1 pence per share.
The 118,833,332 new ordinary shares will rank pari passu with the existing ordinary shares of Catenae. Application will be made for the 118,833,332 ordinary shares to be admitted to trading on AIM, which is expected to occur on or around 11 July 2018.
Following the issue, Catenae will have in issue 2,078,601,652 ordinary shares with voting rights. The above figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company under the Disclosure and Transparency Rules.
Update Settlement Agreement for October 2016 Placing
The Company provides a further update to the announcement made on 16 February 2018 relating to a compromise agreement (“Compromise Agreement”) with City of London Markets Limited. City of London Markets Limited have now discharged their obligations under this agreement and the Company considers this matter closed.
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 |
| Cornhill Capital, Broker Daniel Gee |