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Catenai PLC announced on 24 May 2024 that it has provided Klarian the second tranche of £150,000. This payment is part of the CLN originally announced on 25 April 2024 and was made after Catenai was satisfied with Klarian's financial performance.
| Date | 24 May 2024 |
| Time | 12:20:00 |
| Category | Corporate updates |
| ID | 8699P |
Catenai PLC
("Catenai" or the "Company")
Klarian CLN Update
Catenai PLC (AIM: CTAI), the AIM quoted provider of digital media and technology, further to the announcement of 9 May 2024, the Company has provided Klarian the second tranche of £150,000 as part of the CLN announced on 25 April 2024, following Catenai being satisfied of Klarian's financial performance as part of its condition to advance further tranches under the CLN.
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:
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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.