REG - Catenai PLC - Investment in Alludium

CatenaiAnnouncement

13/05/2025 07:15

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RNS Number : 4198I  Catenai PLC  13 May 2025

13 May 2025

 

Catenai PLC

 

("Catenai" or the "Company")

 

Investment in Alludium

 

Catenai PLC (AIM: CTAI), the AIM quoted provider of digital media and
technology, is delighted to announce that it has signed a subscription
agreement with Alludium Ltd ("Alludium") (the "Subscription Agreement").

 

The terms of the Subscription Agreement are per the non-legally binding term
sheet announced on 11 April 2025. Under the Subscription Agreement, Catenai
has agreed to subscribe for 757,403 ordinary shares in Alludium at a price of
73 pence per share ("First Investment") from proceeds to be received pursuant
to the fundraise announced on 11 April 2025. Upon completion of the First
Investment, Catenai will hold approximately 8.3% of the issued share capital
of Alludium.

 

 

The Alludium website has been extensively updated with additional information
at  https://www.alludium.ai/ (https://www.alludium.ai/)

 

About Alludium

Alludium Ltd (https://www.alludium.ai/ (https://www.alludium.ai/) ) is a
software company which has developed a Multi-Agent AGI (Artificial General
Intelligence) platform for AI automation of processes and solutions for
productivity. Alludium is the next evolution of Agentic AI and has a wide
degree of applications, for example, in the enterprise automation software
market, a $120 billion market according to Grand Markets Reports and also
replacing Business Process Outsourcing, a market worth $280 billion (Grand
View Research).

 

Alludium is a multi-agent platform that integrates with any foundation AI
model, including: OpenAI's GPT and o1/o3 models, Anthropic's Claude models,
Meta's Llama models, Google's Gemini models and DeepSeek. Alludium plans to
announce its AI Agent technolog and rollout with select partners afterwards.

 

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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