REG - Catenai PLC - Further re investment in Alludium, Issue of Equity

CatenaiAnnouncement

21/05/2025 07:00

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RNS Number : 4921J  Catenai PLC  21 May 2025

21 May 2025

 

Catenai PLC

 

("Catenai" or the "Company")

 

Completion of investment in Alludium and Issue of Equity

 

 

Catenai PLC (AIM: CTAI), the AIM quoted provider of digital media and
technology, is pleased to announce that, further to the announcement of 13 May
2025, it has now completed its investment in Alludium Ltd ("Alludium").

 

Catenai also announces that it has settled a consultancy invoice for £5,000
through the issue of 1,114,434 new ordinary shares in the Company at a price
of 0.449 pence per share (the "New Ordinary Shares"), being the 10 day VWAP of
the shares on 19 May 2025.

 

John Frizelle, Founder of Alludium, commented, "We are delighted to complete
the investment and will now make rapid progress with our plans."

 

Admission

 

Application will be made to the London Stock Exchange to admit the New
Ordinary Shares to trading on AIM. Admission of the New Ordinary Shares is
expected to occur on or around 27 May 2025. The new ordinary shares will rank
pari passu with the existing ordinary shares.

 

Total Voting Rights

 

For the purpose of the Disclosure and Transparency Rules, following the issue
of shares detailed above the enlarged issued share capital of the Company will
comprise 963,288,885 ordinary shares of 0.01p each. The above figure may be
used by shareholders as the denominator for the calculations by which they
will determine if they are required to notify their interest in, or a change
to their interest in, the Company, under the Disclosure and Transparency
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, 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

 

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)

 

 

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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