REG - Catenai PLC - Directorate Change

CatenaiAnnouncement

28/03/2024 16:15

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RNS Number : 7869I  Catenai PLC  28 March 2024

28 March 2024

 

Catenai PLC

 

("Catenai", the "Company" or the "Group")

 

Directorate Change

 

Catenai PLC (AIM: CTAI), the AIM quoted provider of digital media and
technology, announces that further to the announcement on 12 March 2024,
Sarfraz ("Saf") Munshi has been appointed as a Non-executive Director of the
Company, and Guy Meyer, CEO of the Company has resigned with immediate effect.
John Farthing, a Director of the Company has been appointed as interim CEO.

 

The Board would like to place on record its appreciation of the effort and
expertise Mr Meyer has shown in his time on the Board.

 

Mr Munshi has over 10 years of experience in the financial industry. His
expertise includes managing and advising hedge funds and clients in global
markets, transacting over £1bn of assets in both private and public
transactions across a variety of sectors. Sarfraz has a BSc with Honours in
Economics in the First Class from the University of Nottingham.

 

Mr Munshi is an appointed representative of Sanderson Capital Partners Limited
("Sanderson"), the largest single shareholder of the Company with an interest
in approximately 25% of the current issued share capital.

 

Pursuant to Rule 17 and Schedule 2(g) of the AIM Rules for Companies, the
following information is disclosed in respect of Sarfraz Niaz Munshi (aged
33):

 

 Current Directorships  Previous Directorships held in the past five years
 Electric Guitar PLC    None
 Belmont Partners Ltd

 

Sarfraz Munshi holds no ordinary shares, options or warrants over ordinary
shares in the Company.

 

There is no further information regarding Sarfraz Munshi required to be
disclosed under the AIM Rules.

 

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, Chief Financial
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 CEO & Chief Financial Officer

 Cairn Financial Advisers LLP (Nominated Adviser)          +44(0)20 7213 0880
 Liam Murray / Jo Turner

 Shard Capital Partners LLP (Broker)                       +44 (0)20 7186 9952
 Damon Heath

 

Notes to Editors:

 

About Catenai PLC

Catenai is an AIM quoted provider of digital media and technology services.
The Company specialises in IT solutions that solve commercial challenges and
create opportunities for its clients, with an increasing focus incorporating
AI into its platforms. The Company has an experienced IT team of project
managers and integrators who have deployed systems across corporate,
government and educational sectors.

 

http://www.catenaiplc.com (http://www.catenaiplc.com)

 

 

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