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CTAI Catenai Plc

0.30
0.00 (0.00%)
14 Jun 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Catenai Plc LSE:CTAI London Ordinary Share GB00BN7DVG54 ORD GBP0.002
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0.30 0.25 0.35 0.30 0.30 0.30 0.00 01:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Catenai PLC Result of GM and Related Party Transaction

09/05/2024 4:01pm

RNS Regulatory News


RNS Number : 8630N
Catenai PLC
09 May 2024
 

Catenai PLC

 

("Catenai" or the "Company")

 

Result of General Meeting and Related Party Transaction

 

Catenai PLC (AIM: CTAI), the AIM quoted provider of digital media and technology, announces that at its General Meeting held today, the resolution was duly passed.

 

Following shareholder approval, the Company has provided the first tranche of £150k to Klarian as part of the CLN announced on 25 April 2024.

 

Related Party Transaction

 

The Company has purchased certain insurance policies valued, in aggregate, at £16,950 through B.T.I.C. Limited (the "Transaction"), a company controlled by Brian Thompson, a director of the Company.

 

The Transaction constitutes a 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.

 

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 CEO & Chief Financial Officer of the Company and the Directors of the Company are responsible for the release of this announcement.

 

Capitalised terms used in this announcement shall, unless otherwise defined, have the same meaning as set out in the announcement on 25 April 2024.

 

For further information please contact:

 

Catenai PLC

+44 (0)20 7183 8666

John Farthing, Interim CEO & Chief Financial 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 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

 

 

 

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 rns@lseg.com or visit www.rns.com.

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