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Catenai PLC announced on 28 March 2024 that Sarfraz Munshi was appointed as a Non-executive Director and Guy Meyer resigned as CEO with immediate effect. John Farthing was appointed interim CEO. Mr. Munshi is an appointed representative of Sanderson Capital Partners Limited, which holds approximately 25% of the Company's issued share capital.
| Date | 28 Mar 2024 |
| Time | 16:11:08 |
| Category | Board changes |
| ID | 7869I |
28 March 2024
Catenai PLC
("Catenai", the "Company" or the "Group")
Directorate Change
Catenai PLC (AIM: CTAI), the AIM quoted provider of digital media and technology, announces that further to the announcement on 12 March 2024, Sarfraz ("Saf") Munshi has been appointed as a Non-executive Director of the Company, and Guy Meyer, CEO of the Company has resigned with immediate effect. John Farthing, a Director of the Company has been appointed as interim CEO.
The Board would like to place on record its appreciation of the effort and expertise Mr Meyer has shown in his time on the Board.
Mr Munshi has over 10 years of experience in the financial industry. His expertise includes managing and advising hedge funds and clients in global markets, transacting over £1bn of assets in both private and public transactions across a variety of sectors. Sarfraz has a BSc with Honours in Economics in the First Class from the University of Nottingham.
Mr Munshi is an appointed representative of Sanderson Capital Partners Limited ("Sanderson"), the largest single shareholder of the Company with an interest in approximately 25% of the current issued share capital.
Pursuant to Rule 17 and Schedule 2(g) of the AIM Rules for Companies, the following information is disclosed in respect of Sarfraz Niaz Munshi (aged 33):
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Current Directorships |
Previous Directorships held in the past five years |
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Electric Guitar PLC |
None |
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Belmont Partners Ltd |
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Sarfraz Munshi holds no ordinary shares, options or warrants over ordinary shares in the Company.
There is no further information regarding Sarfraz Munshi required to be disclosed under the AIM Rules.
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, Chief Financial Officer of the Company and the Directors of the Company are responsible for the release of this announcement.
For further information please contact:
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Catenai PLC |
+44 (0)20 7183 8666 |
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John Farthing, Interim CEO & Chief Financial Officer |
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Cairn Financial Advisers LLP (Nominated Adviser) |
+44(0)20 7213 0880 |
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Liam Murray / Jo Turner |
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Shard Capital Partners LLP (Broker) |
+44 (0)20 7186 9952 |
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Damon Heath |
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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.