7 April 2025
Catenai PLC
("Catenai", the "Company")
Klarian update
Catenai PLC (AIM: CTAI), the AIM quoted provider of digital media and technology, provides an update on Klarian Ltd ("Klarian"), a company to which Catenai provided a £450,000 unsecured convertible loan note facility as per the announcement of 25 April 2024.
Klarian has advised Catenai that it intends to repay the CLN and relevant fees, in total amounting to £567,500, by the end of June 2025. The Company will explore the possibility of deploying these funds into new and exciting AI opportunities.
This follows a positive period for Klarian which has included the Exeter Science Park's AI Innovation Event in March 2025, which brought together speakers from across the world of technology, from Intelligent AI to NVIDIA.
Klarian will present at the 2025 Banff Pipeline Workshop held in Alberta, an interactive forum that brings pipeline industry members, regulators, academics, and vendors together to share their knowledge and experience in the Kinnear Centre from the 7th to the 10th of April.
Klarian's team will present a talk titled Enabling Proactive Geohazard Management as part of the Thurber Experience Room, focused on the innovations that make Orkus the new standard for geohazard management software.
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 Chief Executive Officer of the Company and 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 / Ludovico Lazzaretti / James Western | |
| | |
| Shard Capital Partners LLP (Broker) | +44 (0)20 7186 9952 |
| 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 has an experienced IT team of project managers and integrators who have deployed systems across corporate, government and educational sectors.
Caution regarding forward looking statements
Certain statements in this announcement, are, or may be deemed to be, forward looking statements. Forward looking statements are identified by their use of terms and phrases such as ''believe'', ''could'', "should" ''envisage'', ''estimate'', ''intend'', ''may'', ''plan'', ''potentially'', "expect", ''will'' or the negative of those, variations or comparable expressions, including references to assumptions. These forward looking statements are not based on historical facts but rather on the Directors' current expectations and assumptions regarding the Company's future growth, results of operations, performance, future capital and other expenditures (including the amount, nature and sources of funding thereof), competitive advantages, business prospects and opportunities. Such forward looking statements reflect the Directors' current beliefs and assumptions and are based on information currently available to the Directors.
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