Catenai PLC
23 October 2026
23 October 2026
Catenai PLC
("Catenai", the "Company")
Klarian 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.
It has been brought to the Company's attention that, on 16 October 2026, an application for the appointment of an administrator in respect of Klarian was filed at the UK High Court of Justice, Business and Property Courts of England and Wales (Insolvency and Companies List) by Innovate UK Loans Limited.
On 22 May 2026, the Company announced that it had entered into a further extension agreement with Klarian, under which 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) accruing on the outstanding balance until repayment. As announced on 14 July 2026, the Repayment was not made by the Repayment Date and the Company has since been in discussions with Klarian regarding a further extension. No further extension has been agreed and no part of the Repayment has been received as at the date of this announcement.
As at 30 June 2026, the amount due to the Company under the CLN, including accrued fees, is approximately £762,084. The CLN is unsecured.
A further announcement will be made in due course.
John Farthing, Interim CEO, commented:
"We are disappointed by this development, particularly as we understood that Klarian was in discussions to raise additional investment with existing investors."
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:
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Catenai PLC |
+44 (0)20 7183 8666 |
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John Farthing, Interim Chief Executive Officer |
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Cairn Financial Advisers LLP (Nominated Adviser) |
+44 (0)20 7213 0880 |
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Liam Murray / Ludovico Lazzaretti / James Western |
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Shard Capital Partners LLP (Broker) |
+44 (0)20 7186 9952 |
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Damon Heath |
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Yellow Jersey PR |
+44 (0)20 3004 9512 |
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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.
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