Klarian Update
23 October 2026
Catenai PLC
("Catenai", the "Company")
Klarian Update
Catenai PLC (AIM: CTAI), the AIM quoted provider of digital media and technology services, announces an update relating to Klarian Ltd ("Klarian"), a company to which Catenai provided a £450,000 unsecured convertible loan note facility ("CLN") as per the announcement of 25 April 2024.
It has been brought to the Company's attention that, on 16 October 2026, an application for the appointment of an administrator in respect of Klarian was filed at the UK High Court of Justice, Business and Property Courts of England and Wales (Insolvency and Companies List) by Innovate UK Loans Limited.
On 22 May 2026, the Company announced that it had entered into a further extension agreement with Klarian, under which Klarian agreed to repay Catenai £699,160 due under the CLN and related fees as at 1 April 2026 (the "Repayment") by 1 July 2026 (the "Repayment Date"), together with an additional fee of 3% per month (or part thereof) accruing on the outstanding balance until repayment. As announced on 14 July 2026, the Repayment was not made by the Repayment Date and the Company has since been in discussions with Klarian regarding a further extension. No further extension has been agreed and no part of the Repayment has been received as at the date of this announcement.
As at 30 June 2026, the amount due to the Company under the CLN, including accrued fees, is approximately £762,084. The CLN is unsecured.
A further announcement will be made in due course.
John Farthing, Interim CEO, commented:
"We are disappointed by this development, particularly as we understood that Klarian was in discussions to raise additional investment with existing investors."
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.
For further information please contact:
Catenai PLC
+44 (0)20 7183 8666
John Farthing, Interim Chief Executive Officer
Cairn Financial Advisers LLP (Nominated Adviser)
+44 (0)20 7213 0880
Liam Murray / Ludovico Lazzaretti / James Western
Shard Capital Partners LLP (Broker)
+44 (0)20 7186 9952
Damon Heath
Yellow Jersey PR
+44 (0)20 3004 9512
Charles Goodwin / Ryan Forecast
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
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