CTEA Catenae Innovation Plc

 
TIDMCTEA 
 
   CATENAE INNOVATION PLC 
 
   ("Catenae" or the "Company") 
 
   Directorate Changes 
 
   Catenae (AIM: CTEA), the AIM quoted provider of digital media and 
technology, announces the resignation of Tony Sanders as a director of 
the Company and the appointment of Mr Anthony Flynn as a Non-Executive 
Director with immediate effect. 
 
   Resignation of Tony Sanders 
 
   Tony, who became Interim CEO in September 2017 and CEO in June 2018, has 
guided the Company through significant changes and developments, 
including the Company's move into Blockchain technology. 
 
   Due to changes in personal circumstances, Tony feels he is unable to 
commit to continue as CEO and Chair of the Board. Nevertheless, he will 
maintain some ongoing involvement with the day to day business going 
forward, assisting in the promotion of the OnSuite product set and 
Blockchain products. 
 
   The Board would like to thank Tony for all his efforts and look forward 
to his continued support of the business. 
 
   Board Changes 
 
   Guy Meyer, Business Development Director, will take on the role of 
Interim CEO to lead the business through the next strategic phase of its 
development. The board also announces that Mr Kevin Everett takes on the 
role of Interim Non-Executive Chairman with immediate effect.  Kevin 
first joined the Board as a Non-Executive Director on 16 May 2013. 
 
   Appointment of Anthony Flynn 
 
   The board is pleased to announce that Mr Anthony Michael Flynn has been 
appointed as Non-Executive Director with immediate effect. 
 
   The appointment of Anthony Flynn significantly strengthens the 
capabilities of the board, as well as contributes to its enhanced 
corporate governance. Mr. Flynn worked at de Zoete & Bevan in their 
Brokerage division, then in 1986 became a Director of Equities at BZW in 
London and finally in 1998 as Founder & CEO he set up XBZ Ltd. - a 
successful boutique Derivatives and Brokerage firm. 
 
   XBZ specialised in providing advice, price discovery and the execution 
of pan European Equity Derivatives to Financial Institutional clients, 
Inter Dealer Brokers (IDB), large proprietary Traders and Hedge Funds. 
The firm was recognised as one of the major sources of volume in each 
derivative exchange. 
 
   Mr. Flynn completed the final disposal of his holdings in XBZ in 2015. 
In the intermediary years he has provided consultancy services to SMEs 
in various capacities covering structural, financial and corporate 
governance. 
 
   The following information is disclosed pursuant to Schedule 2(g) of the 
AIM Rules for Companies: 
 
   Anthony Michael Flynn, aged 59, does not hold any directorships nor 
partnerships and has not done so in the past 5 years. 
 
   Anthony Michael Flynn is beneficially interested in 31,079,661 ordinary 
shares, representing 0.95% of the Company's issued ordinary share 
capital. Anthony Michael Flynn does not hold any options nor warrants of 
the Company's ordinary shares. 
 
   There is no further information to be disclosed pursuant to Schedule Two, 
paragraph (g) of the AIM Rules for Companies. 
 
   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 Kevin Everett, Interim 
Non-Executive Chairman 
 
   For further information: 
 
 
 
 
Catenae Innovation Plc                             Tel: 020 7929 7826 
 Guy Meyer 
 
  Cairn Financial Advisers LLP, Nominated Adviser    Tel: 020 7213 0880 
  Liam Murray / Jo Turner 
 
  Turner Pope Investments (TPI) Limited, Broker      Tel: 020 3621 4120 
  Andrew Thacker 
 
 
 
 
 
 
 

(END) Dow Jones Newswires

July 18, 2019 07:18 ET (11:18 GMT)

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