Klarian update
Catenai PLC has announced an update regarding Klarian Ltd, to whom it provided a £450,000 unsecured convertible loan note facility. Klarian is now expected to repay Catenai £624,250 by 31 March 2026, with an additional fee of £74,910 due if repayment occurs after 28 February 2026, or a proportional amount if repaid earlier. Catenai shareholders will have the opportunity to learn more about Klarian's progress through an upcoming investor webinar.
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Catenai PLC (AIM: CTAI), the AIM quoted provider of digital media and technology services, issues an update on 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.
Further to the announcements on 7 April 2025 and 30 June 2025, the Company has entered into a further extension agreement ("Extension Agreement") with Klarian. Under the terms of the Extension Agreement, Klarian will repay Catenai the £624,250 due under the CLN and related fees by 31 March 2026 (the "Repayment"). If Repayment occurs after 28 February 2026, Catenai will be due an additional fee of £74,910 ("Extension Fee"). If Repayment occurs prior to 28 February 2026, then Catenai will receive a proportion of the Extension Fee.
In addition, the Company intends to hold an investor webinar with Rob Clegg, CEO of Klarian, via the Investor Meet Company platform. The presentation will provide an opportunity for Klarian to introduce its business to Catenai's shareholders and summarise its positive progress through 2025. A further announcement confirming the exact date and time for the webinar will be made in due course.
Caution regarding forward looking statements
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.