COVATA LIMITED (CVT)

name changed to Cipherpoint Limited

The suspension of trading in the securities of Covata Limited will be lifted from the commencement of trading on Monday, 2 December 2019, following receipt of CVT's Appendix 4D and reviewed Half Year accounts for the period ended 30 September 2019.

The company's quoted securities will be reinstated to trading on 2 December 2019. The company has in excess of $2m in cash reserves to date.

The company lodges its Half Year Accounts.

Covata notes the successful completion of the sale of SafeShare by Covata to Cocoon/Cybr5 and satisfaction of the vendor loan. The parties have now agreed to: act as mutual channel partners for our products both in Australia and overseas; and identify opportunities for direct sales. Certain leads have arisen where potential customers are seeking a bundle of both the companies' products as part of a complete data protection solution. The parties will collaborate on these sales opportunities.

The final installment of the $1m owing to it by Cybr5 Pty Limited has been received. Interest of approximately $50k remains outstanding, although it is expected to be received in the coming weeks. The company has received the R&D rebate ($810k) foreshadowed in its market update on 24 October 2019. The company expects to lodge its accounts for the half-year ended 30 September 2019 in the coming days. The company proposes changing its name to Cipherpoint Limited. The change of name will be part of a rebranding and marketing relaunch as part of the revised business strategy.

The company's general meeting will be held at 9 am (Sydney) on Tuesday, 17 December 2019 at Nexia Sydney, Level 16, 1 Market Street, Sydney, New South Wales, 2000.

The company will shortly establish its presence in Heilbronn, Germany in December with two resources relocating from Sydney to service our major Fortune 500 German customer, DHL, and to expand our business in the DACH region. The company anticipates that it will be reinstated to trading pending completion of half year accounts, receipt of the outstanding balance of payment from Cybr5 and receipt of its R&D rebate - both are expected within the next week.

The following unlisted options/warrants have lapsed or expired: 341,441 - 31 October 2019 - Exercise price of US$2.93; 250,000 - 31 October 2019 - Exercise price of $4.00; 1,912,049 - 25 March 2020, although subject to vesting conditions associated with the terminated agreement with Cisco Systems Inc - Exercise price of $5.48. A further 25,000,000 warrants with an exercise price of $0.30 will expire on 7 November 2019.

The company continues to focus on the data security, information governance and compliance markets by helping organisations to find and protect their most sensitive data. The company owns and retains very solid intellectual property. The focus is squarely now on commercialisation and sales. The company intends to focus on renewing existing customers in the US; leveraging its channel relationship with Singapore based partner Total eBiz Solutions in the Asia market; building a solid pipeline of direct and indirect opportunities in the DACH region of Europe; and continuing business development in Australia. The company has rebuilt all its sales collateral and use cases and requalified its sales pipeline of leads and opportunities. It intends to relaunch its digital marketng and lead generation activities in the first week of November. dataglobal has offered to support the company with marketing, channel and direct customer introductions and office accommodation. Both parties have agreed to collaborate and will look for further ways to work together. The board has resolved to seek shareholder approval for a change in company name to Cipherpoint Limited. The company expects that during the current quarter, the receivable due from Cybr5 will be repaid and it will also receive its R&D refund. The company's objectives in the coming year are to significantly increase Eclipse revenues, convert current opportunities in Asia into sales through TeBs, secure further marquee customers in Europe and build a solid pipeline locally for the products. By the end of the quarter, the company will have 10 full-time staff and 3 contract solutions engineers/developers.

Cybr5 Pty Limited has not repaid the final instalment of $1m and any accrued interest arising from the acquisition by Cybr5 of the SafeShare business which was due on 15 October 2019. The company is currently in discussions with Cybr5 and its promoters regarding the expected timing of payment within the third quarter.

The company lodges its Appendix 4C.

The company releases the Results of its Annual General Meeting.

The company releases its AGM Presentation.

The company releases its AGM Chairmans Address.

Despite the company's best efforts, current market conditions are such that it has been unable to reach the minimum subscription required to complete the proposed transaction with dataglobal GmbH under the current terms of the offer. The company has decided to withdraw its prospectus dated 26 June 2019. All funds subscribed to the offer by shareholders and investors will be returned without interest. The company will also focus on extending the marketing and sales of its Eclipse product which secures SharePoint installations.

Notice is given that the 2019 Annual General Meeting of the company will be held at the offices of Nexia Australia, Level 16, 1 Market Street, Sydney New South Wales 2000 on Monday, 30 September 2019 at 10:00am (Sydney, NSW time).

The company releases a letter to its shareholders.

The company has today set the date for the AGM as 30 September 2019 (at a time and place to be advised).

we understand that on or about this date the company consolidated its shares 1 for 20

The consolidation of the company's capital has been completed. The company now has 39,147,331 shares (inclusive of employee share loan plan shares), 1,168,211 listed options, 2,774,265 unlisted options and 12,235,322 unlisted warrants.

The offer period under the prospectus was scheduled to close on 31 July 2019 and has previously been extended until 8 August 2019 pursuant to a supplementary prospectus lodged on 1 August 2019. Whilst there has been strong and positive support from the company's largest institutional investor and considerable interest from prospective investors, further time is required to complete the raise. The company has extended the closing date of the offers until 13 September 2019.

The company issues a second supplementary prospectus.

The company releases the results of its meeting.

The company releases a notificaton of consolidation of capital. Shareholders will get 1 share for every 20 presently owned.

The company has extended the closing date for the offer peroid under its prospectus to 8 August 2019.

The company issues supplementary prospectus which is to be read in conjunction with the 26 June 2019 prospectus.

The recently lodged prospectus to raise $13.7m to acquire dataglobal GmbH contains an offer open to acceptance by existing shareholders. Some shareholders would have received a copy of their application form in the mail along with a copy of the prospectus lodged with ASIC and ASX on 26 June 2019. The offer period is scheduled to close on 31 July 2019.

The company lodges an Appendix 4C and Business Update.

The company releases an Investor Presentation.

The company releases a transcript of its Shareholder Update 17 July 2019.

The company has completed disposal of its SafeShare business through the sale of its shares in Cocoon Data Holdings to Cybr5. The net cash proceeds of the sale have been received. Covata is holding a shareholder call today at 10am Sydney time on Wednesday 17 July 2019 to provide a further shareholder update and information regarding the company's prospectus.

The equity offer under the prospectus is open and applications are now being accepted. The company will hold a shareholder call at 10am Sydney time on 17 July 2019 to provide a shareholder update and information regarding the prospectus.

The company releases a notice of general meeting. The meeting will be held at 10.00am (Sydney time) on 7 August 2019 at Nexia Sydney, Level 16, 1 Market Street, Sydney, New South Wales, 2000.

12,977,400 ordinary fully paid shares, issued to the vendors of CipherPoint Software Inc. as part consideration for the CipherPoint acquisition, will be released from voluntary escrow on 19 July 2019.

The company releases its Appendix 4G.

The company lodges its Appendix 4E and Annual Report.

The company releases an Investor Presentation.

The company provides an update and further information regarding various transactions announced on 30 January 2019: securing interim funding from convertible noteholders; an agreement to sell the company's shares in Cocoon Data Holdings which owns the SafeShare business; an agreement to acquire dataglobal GmbH which will requier lodgement of a prospectus to raise capital to fund the dataglobal transaction and to achieve re-compliance under the ASX Listing Rules. The company announces significant progress on each of the above.

On Friday 10 May 2019 an EGM of Shareholders approved the sale of 100% of the equity of Cocoon Data Holdings Pty Limited, the holding company of the SafeShare business. The date for completion of the sale has, at the request of the acquirer, Cybr5 Pty Limited, been extended to 28 May 2019. Covata is finalising the preparation of its prospectus and associated pro forma accounts, expert reports, notice of meeting and explanatory memorandum relating to the acquisition of dataglobal GmbH. It is anticipated that these will be completed within the next week and lodged as appropriate following completion of the Cocoon sale. Management expects cash receipts from customers for the quarter ending 30 June 2019 to be in excess of $600,000, being the highest cash receipts for a quarter to date.

Covata has signed a master Supply and Services Agreement with DHL Information Services (Europe) s.r.o. The initial order is to the value of €244,360 (circa A$390,000).

The company releases the results of its general meeting.

The company lodges its Appendix 4C.

The company releases a shareholder update on the dataglobal transaction.

The company announces the engagement of Shaw and Partners Limited and Aitken Murray Capital Partners as joint lead managers in relation to its proposed equity raising to undertake the acquisition of dataglobal GmbH.

The company releases a notice of general meeting. The meeting will be held at 10am on 10 May 2019 at Nexia Australia Level 16, 1 Market Street Sydney, NSW 2000.

The company will be changing its financial reporting year end from 30 June 20 31 March. This change will align the company's reporting period to that of dataglobal and will simplify reporting requirements of the new merged entity. This change will become effective for the financial reporting year ending 31 March 2019 with the company issuing audited financial accounts for this period on or before 31 May 2019.

Gibraltar was previously provided with an option to acquire the shares of Cocoon Data Holdings for the sum of A$5M. Cocoon holds the SafeShare IP and also 100% of the shares in Covata Australia Pty Limited. The option has been exercised by Gibraltar's newly incorporated nominee Cybr5, and thus the company has entered into a binding share purchase agreement to sell the shares in Cocoon to Cybr5. On completion, Cybr5 will become the owner of Cocoon and therefore the ultimate parent of CVA. A deposit of $150,000 has been received and is only refundable in very limited circumstances if the transaction does not proceed. All Australian employees of CVA specifically involved in the development and support of SafeShare will continue in their positions, ensuring continuity to existing customers. Additionally, the Company advises that it continues to make progress on the major transaction with dataglobal GmbH. Management anticipates being able to provide this information to the market by the end of March 2019.

The company lodges its Appendix 4D Half Year Report and Period on Period Update.

The company has received commitments for subscriptions of $1,400,000 of convertible notes to sophisticated investors convertible into ordinary shares at 1.8 cents per share. The Company expects to issue the convertible notes in the coming days. The SPP closed at 5:00pm on Friday, 8 February with 42 applications totalling $156,000 for fully paid ordinary shares at 1.8c per share resulting in a planned issue of 8,666,647 ordinary fully paid shares. The total of funds raised by way of Convertible Notes and SPP is $1,556,000.

Applications to participate in the Company's Share Purchase Plan ("SPP") must be received by 5pm Friday, 8 February 2019. The Company would like to also remind shareholders that may have already subscribed under the SPP prior to last week's announcement of 30 January 2019, that they may amend, increase, vary or withdraw their subscriptions at their discretion. Shareholders are requested to contact Covata's CFO and Joint Company Secretary, Steven Bliim on the contact details below by 5pm Friday, 8 February 2019.

The company releases an Appendix 4C and Business Update.

The securities of Covata Limited will be suspended from quotation immediately, at the request of CVT, following the announcement that it has entered into an agreement proposing to acquire dataglobal GmbH. CVT's securities will remain suspended until ASX is satisfied that all relevant information required under Guidance Note 12: Change to Activities has been announced to the market. ASX has also exercised its discretions under Listing Rule 11.1.2 to require the Proposed Acquisition to be conditional on approval by CVT's ordinary security holders and under Listing Rule 11.1.3 to require CVT to recomply with Chapters 1 and 2 of the Listing Rules. If ASX is satisfied that CVT has provided sufficient information to enable its securities to be reinstated and security holders approve the Proposed Acquisition, it is expected that CVT's securities will again be suspended from quotation immediately following such security holder approval and will remain suspended until CVT has recomplied with Chapters 1 and 2 of the Listing Rules.

The company lodges its Appendix 4C - quarterly.

The company has received approval from ASIC to change its auditor. The company has now received and accepted the resignation of KPMG and the consent of Nexia Sydney Audit to its appointment as the company's auditor.

Covata Limited (the "Company") will be reinstated to official quotation as from the commencement of trading on Monday, 10 November 2014, following the Company's compliance with listing rule 11.1.3 and chapters 1 and 2 of the ASX listing rules. 335,301,765 ordinary shares fully paid Security Code: CVT

name changed from Prime Minerals Limited