Investor Relations

SatoshiPay welcomes enquiries and engagement from investors and shareholders. The following information is disclosed in accordance with Rule 26 of the AIM Rules and was last updated on November 23rd 2018

SatoshiPay has developed a login-free, one-click payment widget for the web that enables the transfer of direct micropayments between content creators and consumers. The widget uses blockchain-based technology to help traders build new revenue streams and consumers increase flexibility to buy on demand. With offices in London and Berlin supporting 17 employees, SatoshiPay’s initial target market is the publishing sector, which can sell content for as little as 1 cent without any friction, bundling, or signup.

Meinhard Benn – Chief Executive Officer
Meinhard is a self-taught internet programmer and entrepreneur. He started programming at the age of 12 and began self-employed web consulting work during high school. Meinhard co-founded Netzteil AG, an internet access kiosk provider, with Alexander Wilke in 1999 and not-for-profit web services provider Ecobytes in 2004. He became interested in Bitcoin in 2011 and, after working with early blockchain companies for two years, started SatoshiPay as a blockchain payments company in 2014.

Alexander Wilke – Chief Operating Officer
Alex holds a Masters degree in Computer Science and Business Administration and has extensive experience in start-up operations. He led departments at Jamba, including the mobile payment platform, and at MyHammer, building up the business intelligence infrastructure. Before joining SatoshiPay, Alex consulted at several prominent Berlin start-ups, including Wooga and Immobilienscout24.

Simon Retter – Finance Director
Simon has extensive experience in the public markets, specifically, reverse takeovers, IPOs and secondary fundraisings. He began his career at Deloitte and Touche LLP where he qualified as a chartered accountant, before moving on to work for several London-listed companies with overseas operations.

Simon Sacerdoti – Independent Non-Executive Chairman
Simon qualified as a Chartered Accountant in 1997 and subsequently spent time in the corporate finance teams at BDO and Ernst & Young, advising public and private clients on a wide variety of UK and international transactions from fundraisings through to exits. In 2009, he co-founded WeSwap, a peer to peer currency and payments business, where, as well as strategic and general leadership, he held specific responsibility for finance, operations, customer service, compliance and fraud/risk management. In 2015, he became chief financial officer of Destiny Pharma plc, a clinical stage biotech company which was admitted to AIM in 2017, raising over £18 million. He also has experience in structuring and listing bonds on the debt capital markets.

Anthony Fabrizi – Independent Non-Executive Director
Tony, a qualified chartered accountant, has significant City experience having held a number of directorships at established banks including HSBC Investment Bank. In 2002, he established a corporate finance advisory business, Ghaliston Limited, acting as financial adviser to a number of AIM quoted companies, before acquiring Merchant Securities Limited, a private client stockbroking business and listing the enlarged company on AIM. Tony joined the board of Blue Star Capital in April 2011, initially as a non-executive director, before taking on the role of CEO in July 2012.

Daniel Masters - Non-Executive Director of the Company
Daniel has a broad based physical and financial commodity markets experience, with specialties in trading, risk management, logistics, marketing and bitcoin. He is currently Executive Chairman at CoinShares and co-founded Global Advisors Holdings, a group which represents XBT Provider, issuer of Europe’s only publicly traded Bitcoin and Ether products. This is composed of the team responsible for GABI, a Jersey based, actively managed, Bitcoin investment strategy and previously responsible for the Global Advisors Commodity Investment Fund and the Global Advisors Commodity Systematic Fund. Previous roles include Global Head of Energy and Trading Business at Morgan Guaranty Trust Company in New York (now JPMorgan).

SatoshiPay is incorporated in United Kingdom with registration number 9366948. Currently the main business activities take place in Germany and the UK, but the Company’s technology is agnostic – the virtual wallet could be used in any country with internet connection to pay for online content.

Reports & Presentations

  • Admission Document (Prospectus)
  • Articles of Association
  • Any circulars / shareholder publications sent to shareholders in the past 12 months (Investor PowerPoint presentations etc.)


Statutory Documents

  • All the Annual Report(s)/ Half Year Reports and all other financial reports published since listing
  • Notice of AGM

SatoshiPay plc securities are solely traded on the Alternative Investment Market (AIM) operated by the London Stock Exchange. Its shares have not been admitted, nor have any application been made, for any of its shares to be admitted or traded on any other exchanges or trading platform.

Status
Listed on the Alternative Investment Market


Stock Code
SATO


Sector
Technology


Financial Year End
31. December


Total Issued Share Capital
31,089,911


Total Voting Capital
No voting shares have been issued


Significant shareholders

Name Number of Ordinary Shares % of Enlarged Share Capital
Meinhard Benn 23,561,911 35.5%
Alexander Wilke 2,481,890 5.4%


Details of any restrictions on the transfer of securities

Share price graph

The Directors recognise the importance of sound corporate governance and the Directors intend to observe the requirements of the Corporate Governance Code published by the QCA. The Board has established an Audit Committee, a Remuneration Committee, Nomination Committee and Regulatory & Technical Committee, with formally delegated duties and responsibilities as described below.


Audit Committee
The Audit Committee will be responsible for monitoring the integrity of the Company’s financial statements, reviewing significant financial reporting issues, reviewing the effectiveness of the Company’s internal control and risk management systems and overseeing the relationship with the external auditors (including advising on their appointment, agreeing the scope of the audit and reviewing the audit findings). The Audit Committee will monitor the need for an internal audit function following Admission. The Audit Committee will comprise Tony Fabrizi, who will act as chair, Simon Sacerdoti and Daniel Masters. The Audit Committee will meet at least [three] times a year at appropriate times in the reporting and audit cycle and otherwise as required. The Audit Committee will also meet frequently with the Company’s external auditors.

Remuneration Committee
The Remuneration Committee will be responsible for determining and agreeing with the Board the framework for the remuneration of executive Directors and other designated senior executives and, within the terms of the agreed framework, determining the total individual remuneration packages of such persons including, where appropriate, bonuses, incentive payments, share options or other long-term incentive plans. The remuneration of non-executive Directors will be a matter for the chairman and the executive Directors. No Director will be involved in any decision as to his or her own remuneration. The Remuneration Committee will also be responsible for issuing awards of shares and options to purchase Ordinary Shares under the Company’s proposed share incentive plans. The Remuneration Committee will comprise Simon Sacerdoti, who will act as chair, Tony Fabrizi and Daniel Masters. The Remuneration Committee will meet at least [twice] a year and otherwise as required.

Nomination Committee
The Nomination Committee will be responsible for identifying and nominating members of the Board, recommending Directors to be appointed to each committee of the Board and the chair of each such committee. The Nomination Committee will also arrange for evaluation of the Board. The Nomination Committee will comprise of Daniel Masters, who will act as chair, Tony Fabrizi and Simon Sacerdoti. The Nomination Committee will meet at least [twice] a year and otherwise as required.

Regulatory and Technical Committee
The Regulatory and Technical Committee will assist the board in fulfilling its responsibility to oversee and monitor the Company’s compliance with laws and regulation and fulfil its oversight responsibilities on specific technical matters, which are beyond the scope and expertise of the non-technical board members. The Regulatory and Technical Committee will comprise Daniel Masters, who will act as chair, Simon Sacerdoti, Anthony Fabrizi and Peter Grosskopf. The Regulatory and Technical Committee will meet at least ● a year and otherwise as required.

The UK City Code on Takeovers and Mergers applies to the Company.

RNS feed with all notifications the company will make

Registered Office
SatoshiPay plc
c/o Hill Dickinson LLP
The Broadgate Tower
20 Primrose Street
London EC2A2EW

Company Secretary
Hill Dickinson LLP
The Broadgate Tower
20 Primrose Street
London, EC2A2EW

Nomad/Financial Advice
Cairn Financial Advisers
Cheyne House
Crown Court
62-63 Cheapside
London EC2V 6AX

Nominated Adviser and Broker
Baden Hill
Northland Capital Partners Limited
4 Lombard Street
London EC3V 9HD

Joint Broker
Smaller Company Capital
4 Lombard Street
London EC3V 9HD

Legal Adviser
Hill Dickinson LLP
The Broadgate Tower
20 Primrose Street
London, EC2A2EW

Auditors
Crowe Clark Whitehill LLP
St Bride’s House
10 Salisbury Square
London EC4Y 8EH

Registrar
Link Asset Services
65 Gresham Street
London EC2V 7NQ

Financial Public Relations
St Brides Partners Ltd
3 St Michael’s Alley
London EC3V 9DS