Catenai PLC
14 July 2026
14 July 2026
Catenai PLC
("Catenai", the "Company")
Klarian CLN Update
Catenai PLC (AIM: CTAI), the AIM quoted provider of digital media and technology services, announces an update relating to Klarian Ltd ("Klarian"), a company to which Catenai provided a £450,000 unsecured convertible loan note facility ("CLN") as per the announcement of 25 April 2024.
On 22 May 2025, the Company confirmed that it had entered into a further extension agreement ("Extension Agreement") with Klarian, whereby Klarian agreed to repay Catenai £699,160 due under the CLN and related fees as at 1 April 2026 (the "Repayment"), by 1 July 2026 (the "Repayment Date") together with an additional fee of 3% per month (or part thereof) which accrue on the outstanding balance until repayment.
Catenai is currently in discussions with Klarian to agree a further extension to the Repayment Date and will update the market as soon as this is finalised.
There can be no certainty that Klarian will complete the Repayment in full. However, as disclosed in recent Company announcements, the Board is positive about the progress Klarian is making having had access to Klarian's business plan, the details of its potential fundraise and its £5 million-plus commercial sales pipeline.
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 |
|
|
Yellow Jersey PR |
+44 (0) 20 3004 9512 |
|
Charles Goodwin / Ryan Forecast |
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.
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
ENDRNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.