CATENAE INNOVATION PLC
("Catenae" or the "Company")
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
The Board would like to thank Tony for all his efforts and look forward
to his continued support of the business.
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
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
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
For further information:
Catenae Innovation Plc Tel: 020 7929 7826
Cairn Financial Advisers LLP, Nominated Adviser Tel: 020 7213 0880
Liam Murray / Jo Turner
Turner Pope Investments (TPI) Limited, Broker Tel: 020 3621 4120
(END) Dow Jones Newswires
July 18, 2019 07:18 ET (11:18 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.