Business
Further re investment in Alludium, Issue of Equity
Further re investment in Alludium, Issue of Equity.
About this update from Catenai Plc
[{"type":"text","content":"\n\n21 May 2025\n \nCatenai PLC\n \n(\"Catenai\" or the \"Company\")\n \nCompletion of investment in Alludium and Issue of Equity\n \n \nCatenai PLC (AIM: CTAI), the AIM quoted provider of digital media and technology, is pleased to announce that, further to the announcement of 13 May 2025, it has now completed its investment in Alludium Ltd (\"Alludium\").\n \nCatenai also announces that it has settled a consultancy invoice for £5,000 through the issue of 1,114,434 new ordinary shares in the Company at a price of 0.449 pence per share (the \"New Ordinary Shares\"), being the 10 day VWAP of the shares on 19 May 2025.\n \nJohn Frizelle, Founder of Alludium, commented, \"We are delighted to complete the investment and will now make rapid progress with our plans.\"\n \nAdmission\n \nApplication will be made to the London Stock Exchange to admit the New Ordinary Shares to trading on AIM. Admission of the New Ordinary Shares is expected to occur on or around 27 May 2025. The new ordinary shares will rank pari passu with the existing ordinary shares.\n \nTotal Voting Rights\n \nFor the purpose of the Disclosure and Transparency Rules, following the issue of shares detailed above the enlarged issued share capital of the Company will comprise 963,288,885 ordinary shares of 0.01p each. The above figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company, under the Disclosure and Transparency Rules.\n \nThis 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.\n \nFor further information please contact:\n \n\n\n\n\nCatenai PLC\n\n\n+44 (0)20 7183 8666\n\n\n\n\nJohn Farthing, Interim Chief Executive Officer\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nCairn Financial Advisers LLP (Nominated Adviser)\n\n\n+44(0)20 7213 0880\n\n\n\n\nLiam Murray/Ludovico Lazzaretti/James Western\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nShard Capital Partners LLP (Broker)\n\n\n+44 (0)20 7186 9952\n\n\n\n\n...