REG - Catenai PLC - Insurance Policy Renewal & RPT

CatenaiAnnouncement

29/11/2024 07:00

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RNS Number : 1049O  Catenai PLC  29 November 2024

Catenai PLC

("Catenai", or the "Company")

 

Insurance Policy Renewal and Related Party Transaction

 

 

Catenai (AIM: CTAI), the AIM quoted provider of digital media and technology,
announces that, further to the announcement of 4 December 2023, it has renewed
an insurance policy (costing £993)  through B.T.I.C. Limited, a company
controlled by Brian Thompson, a director of the Company (the "Transaction").

 

The Transaction constitutes related party transaction for the purposes of Rule
13 of the AIM Rules by virtue of Brian Thompson being a director of the
Company and controller of B.T.I.C. Limited and therefore B.T.I.C. Limited is a
related party. John Farthing and Sarfraz Munshi, being directors of the
Company independent of the Transaction, having consulted with the Company's
nominated adviser, Cairn Financial Advisers LLP, consider that, the terms of
the Transaction are fair and reasonable in so far as the Company's
shareholders are concerned.

 

The Company continues to carefully manage its working capital position.

 

 

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 / 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 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)

 

 

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