REG - Catenai PLC - Klarian update

CatenaiAnnouncement

07/04/2025 07:00

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RNS Number : 8857D  Catenai PLC  07 April 2025

7 April 2025

Catenai PLC

("Catenai", the "Company")

Klarian update

 

Catenai PLC (AIM: CTAI), the AIM quoted provider of digital media and
technology, provides an update on Klarian Ltd ("Klarian"), a company to which
Catenai provided a £450,000 unsecured convertible loan note facility as per
the announcement of 25 April 2024.

 

Klarian has advised Catenai that it intends to repay the CLN and relevant
fees, in total amounting to £567,500, by the end of June 2025. The Company
will explore the possibility of deploying these funds into new and exciting AI
opportunities.

 

This follows a positive period for Klarian which has included the Exeter
Science Park's AI Innovation Event in March 2025, which brought together
speakers from across the world of technology, from Intelligent AI to NVIDIA.

 

Klarian will present at the 2025 Banff Pipeline Workshop held in Alberta, an
interactive forum that brings pipeline industry members, regulators,
academics, and vendors together to share their knowledge and experience in the
Kinnear Centre from the 7th to the 10th of April.

Klarian's team will present a talk titled Enabling Proactive Geohazard
Management as part of the Thurber Experience Room, focused on the innovations
that make Orkus the new standard for geohazard management software.

 

 

 

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 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)

 

 

 

 

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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