Catenae Innovation Explained

Catenae Innovation plc
Type:Public Limited Company
Traded As:AIM:CTEA
Predecessors:Milestone Pictures Limited
Milestone Group Holdings Limited
MGH Investments Limited
Milestone Group
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Hq Location City:London
Hq Location Country:United Kingdom
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Catenae Innovation (formerly Milestone Group) is a British digital media and technology company. Originally a cross media proprietor with holdings in radio, publishing and television,[1] the company progressed into the digital media and technology sector.[2]

The company is based in London and is a constituent of the FTSE AIM All-Share Index division of the Alternative Investment Market.

History

In 2009, Milestone entered into an agreement with privately owned American Technology firm, JumpStart Wireless Corporation, obtaining the rights to sell patented and patent pending technologies of Jumpstart in the UK.[3]

In 2011, Milestone acquired Oil Productions Ltd[4] [5] and was awarded a contract to deliver a digital art competition for Infiniti.[6]

In 2013, Milestone launched the Passion Project, with the aim to inspire and empower young people and tackle youth unemployment.[7]

In 2014, Milestone's subsidiary Oil Productions was awarded a contract to deliver the construction of a microsite for the Animals Asia Foundation.[8]

In 2015, Milestone formed a joint venture company, Nexstar, with Black Cactus Holdings Pty Ltd.[9]

Former holdings

Television channels

The Milestone Group had one television channel Six TV (originally The Oxford Channel, it operated through Oxford Broadcasting) and was a "free-to-air" channel available in Oxford and Southampton. It ceased broadcast in 2009.[10]

Newspapers and magazines

Basingstoke Observer was sold in a management buyout in September 2006. Following several changes in ownership, it now operates under the ownership of Taylor Newspapers. In June 2015, the Observer brand was extended to publications in Newbury & Thatcham.

On 28 November 2019, Taylor Newspapers ceased operations.[11]

Notes and References

  1. News: . First day of dealings. https://web.archive.org/web/20160304064536/http://www.trustnet.com/Investments/Article.aspx?id=200307010800059819M . 2016-03-04 . dead. Trustnet. 1 July 2003.
  2. News: . Milestone completes a rebranding. Shareview. 19 June 2012.
  3. News: . 8 October 2009 . Milestone Invests In Florida Based wireless technology firm and agrees UK Distribution Deal . ProactiveInvestors .
  4. News: . Milestone Group acquires Oil Productions. Enforbusiness. 6 January 2016. https://web.archive.org/web/20160304123650/http://www.enforbusiness.com/news/milestone-group-acquires-oil-productions-20116764. 4 March 2016. dead.
  5. News: . Acquisition of Oil Productions Limited. Investegate. 15 August 2011. 7 January 2016. https://web.archive.org/web/20160304112021/http://www.investegate.co.uk/milestone-group-plc/one/acquisition-of-oil-productions-limited-and-issu.../20110815070000H8332/. 4 March 2016. dead.
  6. News: . Milestone Group wins "significant" digital art contract. ProactiveInvestors. 24 November 2011.
  7. News: . Milestone launches social engagement programme. https://web.archive.org/web/20160304122717/http://investorshares.telegraph.co.uk/news/article/4528029/Milestone-launches-social-engagement-programme/?epic=MSG . dead . 4 March 2016 . The Telegraph Investor. 29 January 2013.
  8. News: . Milestone Group subsidiary wins animal welfare micro-site gig. ProactiveInvestors. 22 April 2014.
  9. News: . Milestone's Joint Venture, "Nexstar", signs first contract. ProactiveInvestors. 5 October 2015.
  10. http://www.oxfordmail.co.uk/news/4327259.Digital_shake_up_turns_off_Six_TV/ Oxford Mail
  11. Web site: TAYLOR NEWSPAPERS LIMITED - Overview (free company information from Companies House) . beta.companieshouse.gov.uk . en.