Catenai PLC Insurance Policy Renewal & RPT

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	[phone]
John Farthing, Interim Chief Executive Officer
Cairn Financial Advisers LLP (Nominated Adviser)	[phone]
Liam Murray / Jo Turner
Shard Capital Partners LLP (Broker)	[phone]
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

 

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [e-mail] or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

 

END

 

 

MSCUWVORSVUAUUA