28 March
2024
Catenai PLC
("Catenai", the "Company" or the "Group")
Directorate
Change
Catenai PLC (AIM: CTAI), the AIM
quoted provider of digital media and technology, announces that
further to the announcement on 12 March 2024, Sarfraz ("Saf")
Munshi has been appointed as a Non-executive Director of the
Company, and Guy Meyer, CEO of the Company has resigned with
immediate effect. John Farthing, a Director of the Company has been
appointed as interim CEO.
The Board would like to place on
record its appreciation of the effort and expertise Mr Meyer has
shown in his time on the Board.
Mr Munshi has over 10 years of
experience in the financial industry. His expertise includes
managing and advising hedge funds and clients in global markets,
transacting over £1bn of assets in both private and public
transactions across a variety of sectors. Sarfraz has a BSc with
Honours in Economics in the First Class from the University of
Nottingham.
Mr Munshi is an appointed
representative of Sanderson Capital Partners Limited ("Sanderson"),
the largest single shareholder of the Company with an interest in
approximately 25% of the current issued share capital.
Pursuant to Rule 17 and Schedule
2(g) of the AIM Rules for Companies, the following information is
disclosed in respect of Sarfraz Niaz Munshi (aged 33):
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Current Directorships
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Previous Directorships held in the past five
years
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Electric Guitar PLC
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None
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Belmont Partners Ltd
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Sarfraz Munshi holds no ordinary
shares, options or warrants over ordinary shares in the
Company.
There is no further information
regarding Sarfraz Munshi required to be disclosed under the AIM
Rules.
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, Chief Financial 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
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+44 (0)20
7183 8666
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John Farthing, Interim CEO &
Chief Financial Officer
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Cairn Financial Advisers LLP
(Nominated Adviser)
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+44(0)20
7213 0880
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Liam Murray / Jo Turner
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Shard Capital Partners LLP
(Broker)
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+44 (0)20
7186 9952
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Damon Heath
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Notes to Editors:
About Catenai PLC
Catenai is an AIM quoted provider of
digital media and technology services. The Company specialises in
IT solutions that solve commercial challenges and create
opportunities for its clients, with an increasing focus
incorporating AI into its platforms. The Company has an experienced
IT team of project managers and integrators who have deployed
systems across corporate, government and educational
sectors.
http://www.catenaiplc.com