RNS Number : 4921J
Catenai PLC
21 May 2025
 

21 May 2025

 

Catenai PLC

 

("Catenai" or the "Company")

 

Completion of investment in Alludium and Issue of Equity

 

 

Catenai PLC (AIM: CTAI), the AIM quoted provider of digital media and technology, is pleased to announce that, further to the announcement of 13 May 2025, it has now completed its investment in Alludium Ltd ("Alludium").

 

Catenai also announces that it has settled a consultancy invoice for £5,000 through the issue of 1,114,434 new ordinary shares in the Company at a price of 0.449 pence per share (the "New Ordinary Shares"), being the 10 day VWAP of the shares on 19 May 2025.

 

John Frizelle, Founder of Alludium, commented, "We are delighted to complete the investment and will now make rapid progress with our plans."

 

Admission

 

Application will be made to the London Stock Exchange to admit the New Ordinary Shares to trading on AIM. Admission of the New Ordinary Shares is expected to occur on or around 27 May 2025. The new ordinary shares will rank pari passu with the existing ordinary shares.

 

Total Voting Rights

 

For the purpose of the Disclosure and Transparency Rules, following the issue of shares detailed above the enlarged issued share capital of the Company will comprise 963,288,885 ordinary shares of 0.01p each. The above figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company, under the Disclosure and Transparency 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, 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




 

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

 

 

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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