REG - Catenai PLC - Contract Renewal and Klarian Update

CatenaiAnnouncement

20/04/2026 07:00

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RNS Number : 0904B  Catenai PLC  20 April 2026

20 April 2026

Catenai PLC

 

("Catenai", the "Company")

 

Contract Renewal and Klarian Update

 

Catenai PLC (AIM: CTAI), the AIM quoted provider of digital media and
technology services, announces that it has renewed its IT services contract
with Charlton Athletic Community Trust for a further 12 months.

 

The Company also provides an update on 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. Further to the announcements
on 7 April 2025, 30 June 2025 and 5 January 2026, the Company has entered into
a further extension agreement ("Extension Agreement") with Klarian. Under the
terms of the Extension Agreement, Klarian will repay Catenai £699,160 due
under the CLN and related fees by 15 May 2026 (the "Repayment") together with
an additional fee of 3% per month (or part thereof) which will accrue on the
outstanding balance until repayment. There can be no certainty that Klarian
will complete the Repayment in full by the Repayment Date.

Klarian has advised the Company that it is in discussions with investors and
has made significant advancements with its commercial sales pipeline, which
now exceeds £5 million. It is also in the final stages of agreeing a
Statement of Work contract with a global provider of technology solutions to
companies operating in the energy and natural resources sectors, with whom
Klarian has an existing MOU.

Klarian has also informed the Company that it has already conducted product
demonstrations with customers of its MOU partner and has received strong
interest from two international, upstream energy companies for its recently
launched Virtual Sensor product (Vesta), with further discussions now being
accelerated. Vesta enables pipeline operators to deploy virtual sensors
across their infrastructure at a significantly lower cost than physical
sensors, providing enhanced visibility into network performance.

Once the Statement of Work has been signed, the Company will hold an investor
webinar with Rob Clegg, CEO of Klarian, via the Investor Meet Company
platform. A further announcement confirming the exact date and time for the
webinar will be made in due course.

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                                                                                                                                                        +44 (0) 20 3004 9512
 PR
 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 (http://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.

 

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