Result of GM and Related Party Transaction
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Catenai PLC (AIM: CTAI), the AIM quoted provider of digital media and technology, announces that at its General Meeting held today, the resolution was duly passed.
Following shareholder approval, the Company has provided the first tranche of £150k to Klarian as part of the CLN announced on 25 April 2024.
Related Party Transaction
The Company has purchased certain insurance policies valued, in aggregate, at £16,950 through B.T.I.C. Limited (the "Transaction"), a company controlled by Brian Thompson, a director of the Company.
The Transaction constitutes a related party transaction for the purposes of Rule 13 of the AIM Rules by virtue of Brian Thompson being a director of the Company and controller of B.T.I.C. Limited and therefore B.T.I.C. Limited is a related party. John Farthing and Sarfraz Munshi, being directors of the Company independent of the Transaction, having consulted with the Company's nominated adviser, Cairn Financial Advisers LLP, consider that, the terms of the Transaction are fair and reasonable in so far as the Company's shareholders are concerned.
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