CTEA Catenae Innovation Plc

 
TIDMCTEA 
 
   CATENAE INNOVATION PLC 
 
   ("Catenae" or the "Company") 
 
   Company Update 
 
   Catenae (AIM: CTEA), the AIM quoted provider of digital media and 
technology announces the following changes to its senior Management team 
and Board. 
 
   Proposed appointment of Alan Simpson CTO to the Executive Board 
 
   Alan is a highly regarded technologist with vast experience in a number 
of high-profile projects in a career ranging from Military Cryptologist 
through to those projects which can be publicly named such as being the 
Technical Delivery Manager for BBC's flagship iPlayer project.  Alan 
joined the Company in June 2018 and has been responsible for the 
delivery of technical projects within the Company including Sequestrum, 
its DLT/Blockchain platform, and the recently launched Onsite. This 
appointment recognises the contribution and commitment Alan has shown to 
the Company. This, combined with his broad technical expertise, and 
commercial experience will be a welcome addition to the Board. A further 
announcement providing information pursuant to AIM Rule Schedule 2(g) 
will be made in due course. 
 
   Appointment of John Farthing Chief Financial Officer 
 
   The Company will promote John Farthing from his current position within 
its subsidiary Trust in Media to become the Company's Chief Financial 
Officer. John qualified as a Chartered Accountant in 1988 following 
which he moved to stockbroking, gaining significant experience with 
start-ups and smaller companies with a focus in the software and 
technology sectors. Mr Farthing is also a Chartered Fellow of the 
Chartered Institute for Securities & Investment, having been involved in 
corporate acquisitions and disposals as well as fund raising. John will 
report to the Board and be responsible for day to day financial 
operations and strategic input, augmenting the existing governance and 
financial controls. This is a non-Board appointment. 
 
   Tony Sanders CEO, commented; 
 
   "The Company has reached the stage in its development where it now has 
commercially viable product lines, demonstrably capable of delivering 
revenues. It is essential that the team are focussed on executing a 
robust sales and marketing strategy to deliver these revenues. With this 
in mind, the Board wants to ensure it has the correct management team in 
place with the right skillsets to enable the Company to concentrate on 
delivering its true potential. The above appointments will be augmented 
with suitably qualified Sales Management in the very near future. 
Obviously, we are very conscious of managing our cost base and can 
confirm that as a result of these and other changes within the Company, 
the net effect on the cost base is neutral." 
 
   This announcement contains inside information for the purposes of 
Article 7 of EU Regulation 596/2014. The person who arranged for release 
of this announcement on behalf of the Company was Tony Sanders (Chief 
Executive Officer). 
 
   For further information: 
 
 
 
 
Catenae Innovation Plc                             Tel: 020 7929 7826 
 Tony Sanders 
 
  Cairn Financial Advisers LLP, Nominated Adviser    Tel: 020 7213 0880 
  Liam Murray / Jo Turner 
 
  Alexander David Securities Limited, Broker         Tel: 020 7448 9820 
  David Scott / James Dewhurst 
 
 
 
 
 
 
 

(END) Dow Jones Newswires

January 24, 2019 02:00 ET (07:00 GMT)

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