Catenai PLC
("Catenai", or the "Company")
Insurance Policy Renewal and Related Party Transaction
Catenai (AIM: CTAI), the AIM quoted provider of digital media and technology, announces that, further to the announcement of 4 December 2023, it has renewed an insurance policy (costing £993) through B.T.I.C. Limited, a company controlled by Brian Thompson, a director of the Company (the "Transaction").
The Transaction constitutes related party transaction for the purposes of Rule 13 of the AIM Rules by virtue of Brian Thompson being a director of the Company and controller of B.T.I.C. Limited and therefore B.T.I.C. Limited is a related party. John Farthing and Sarfraz Munshi, being directors of the Company independent of the Transaction, having consulted with the Company's nominated adviser, Cairn Financial Advisers LLP, consider that, the terms of the Transaction are fair and reasonable in so far as the Company's shareholders are concerned.
The Company continues to carefully manage its working capital position.
The Directors of the Company are responsible for the release of this announcement.
For further information please contact:
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Catenai PLC |
+44 (0)20 7183 8666 |
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John Farthing, Interim Chief Executive Officer |
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Cairn Financial Advisers LLP (Nominated Adviser) |
+44(0)20 7213 0880 |
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Liam Murray / Jo Turner |
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Shard Capital Partners LLP (Broker) |
+44 (0)20 7186 9952 |
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Damon Heath |
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Notes to Editors:
About Catenai PLC
Catenai is an AIM quoted provider of digital media and technology services. The Company has an experienced IT team of project managers and integrators who have deployed systems across corporate, government and educational sectors.
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