CTAI.L

Catenae Innovation Plc
Catenai PLC - Insurance Policy Renewal & RPT
29th November 2024, 07:00
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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

+44 (0)20 7183 8666

John Farthing, Interim Chief Executive 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 has an experienced IT team of project managers and integrators who have deployed systems across corporate, government and educational sectors.

www.catenaiplc.com

 

 

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