Insurance Policy Renewal & RPT
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Catenai (AIM: CTAI), the AIM quoted provider of digital media and technology, announces that, further to the announcement of 4 December 2023, it has renewed an insurance policy (costing £993) through B.T.I.C. Limited, a company controlled by Brian Thompson, a director of the Company (the "Transaction").
The Transaction constitutes 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.
The Company continues to carefully manage its working capital position.
The Directors of the Company are responsible for the release of this announcement.
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