REG - Catenai PLC - Investment in Alludium

CatenaiAnnouncement

17/07/2025 07:00

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RNS Number : 3908R  Catenai PLC  17 July 2025

17 July 2025

 

Catenai PLC

 

("Catenai" or the "Company")

 

Investment in Alludium

 

Catenai PLC (AIM: CTAI), the AIM quoted provider of digital media and
technology, announces that, following shareholder approval for the share
allotment authorities to complete the fundraise announced on 26 June 2025, it
has completed the second tranche of £450,000 investment into Alludium Ltd
("Alludium") as per the announcement of 11 April 2025.

 

Catenai has subscribed for 681,663 ordinary shares in Alludium at a price of
73 pence per share ("Second Investment") and, following the Second Investment,
holds approximately 13% of the issued share capital of Alludium. The Second
Investment includes a bonus share issuance to Catenai equal to 10% of the
investment made by the Company as per the terms announced 11 April 2025.

 

Alludium is a new technology company which is currently building an intuitive
and valuable platform and progressing towards commercial launch. Therefore,
Alludium is a pre-revenue company and its first full year results have been
published and report a loss of approximately £33,000 for the year ended 31
August 2024.

 

John Frizelle, CEO of Alludium commented: "We are delighted to receive this
£450k investment from Catenai, which validates their continued confidence in
our vision and progress. This funding will accelerate our development roadmap
as we prepare for our public launch. We look forward to sharing further
significant progress updates in due course, supported by the strong foundation
this investment provides."

 

John Farthing, CEO of Catenai Plc commented: "We are delighted to have
completed the second tranche of our investment into Alludium at a significant
time after securing its first pilot customer and advancing from stealth
development towards full product launch. It's a great testament to John and
his team and we look forward to working closely with Alludium  as it
continues to develop."

 

 

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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