13
January 2025
Catenai PLC
("Catenai", or the "Company")
Klarian CLN
Update
Catenai PLC (AIM: CTAI), the AIM
quoted provider of digital media and technology, announces that it
has signed an addendum to the CLN with Klarian Ltd ("Klarian"), a
company in which Catenai provided a £450,000 unsecured convertible
loan note facility as per the announcement of 25 April
2024.
Given Klarian's ongoing negotiations
with potential customers and other investors, Klarian and Catenai
have agreed to extend the redemption date of the CLN from 31
December 2024 to 30 June 2025.
Klarian has raised $250,000 at a
pre-money valuation of approximately £10 million from a single new
investor who has significant industry experience.
The Company continues to carefully
manage its working capital position.
This announcement contains inside
information for the purposes of the UK Market Abuse Regulation. The
person who arranged for release of this announcement on behalf of
the Company was John Farthing, Interim Chief Executive Officer of
the Company and the Directors of the Company are responsible for
the release of this announcement.
Capitalised terms used in this
announcement shall, unless otherwise defined, have the same meaning
as set out in the announcement on 25 April 2024.
For
further information please contact:
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Catenai PLC
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+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)
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+44 (0)20
7213 0880
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Liam Murray / Ludovico Lazzaretti /
James Western
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Shard Capital Partners LLP (Broker)
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+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.
www.catenaiplc.com
Caution regarding forward looking statements
Certain statements in this
announcement, are, or may be deemed to be, forward looking
statements. Forward looking statements are identified by their use
of terms and phrases such as ''believe'', ''could'', "should"
''envisage'', ''estimate'', ''intend'', ''may'', ''plan'',
''potentially'', "expect", ''will'' or the negative of those,
variations or comparable expressions, including references to
assumptions. These forward looking statements are not based on
historical facts but rather on the Directors' current expectations
and assumptions regarding the Company's future growth, results of
operations, performance, future capital and other expenditures
(including the amount, nature and sources of funding thereof),
competitive advantages, business prospects and opportunities. Such
forward looking statements reflect the Directors' current beliefs
and assumptions and are based on information currently available to
the Directors.