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CBUY Cloudbuy Plc

0.15
0.00 (0.00%)
Last Updated: 00:00:00
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Cloudbuy Plc LSE:CBUY London Ordinary Share GB00B09Y8Y28 ORD 1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0.15 0.10 0.20 0.00 00:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Cloudbuy PLC Second Interest Payment (3942D)

27/04/2017 7:00am

UK Regulatory


Cloudbuy (LSE:CBUY)
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TIDMCBUY

RNS Number : 3942D

Cloudbuy PLC

27 April 2017

 
   27 April 2017 
 

cloudBuy plc

("cloudBuy" or the "Company")

Second Interest Payment

cloudBuy, the global provider of cloud-based eCommerce marketplaces and B2B buyer and supplier solutions, announces that pursuant to the Financing announced on 24 March 2016 (as defined therein), the second interest payment to be made to Roberto Sella has fallen due, and in accordance with the terms of the interest bearing loan note instrument dated 8 April 2016, has issued 17,529 convertible and 30,787 non-convertible loan notes of GBP1 each to Robert Sella.

As at 27 April 2017, following the issue of these notes, Roberto Sella held the following convertible and non-convertible loan notes:

 
                Convertible  Non-convertible 
                 loan notes   loan notes 
Roberto Sella   3,668,506     692,360 
 

The following details are required to be disclosed to comply with the conditions of The Takeover Code pursuant to the Financing. Mike Pasternak who is a director of cloudBuy is deemed to be acting in concert with Roberto Sella for the purposes of the Takeover Code.

As at 27 April 2017, the holdings of Roberto Sella and Mike Pasternak are as follows:

 
 Shareholder     Interest in issued share    Percentage interest in      Total interest on the      Percentage 
                 capital on 27 April 2017    issued share capital on 27  basis that the full         total interest 
                                             April 2017                  GBP5,750,000 loan is        on the basis 
                                                                         utilised and all            that the full 
                                                                         potential                   GBP5,750,000 
                                                                         Convertible Loan            loan is utilised 
                                                                         Securities are converted    and all potential 
                                                                                                     Convertible 
                                                                                                     Loan Securities 
                                                                                                     are converted 
Roberto 
 Sella           14,700,000                  11.27%                      88,521,777                 42.74% 
Mike Pasternak   2,150,000                   1.65%                       2,150,000                  1.06% 
Total            16,850,000                  12.92%                      90,671,777                 43.80% 
 

For further information, please contact:

 
  cloudBuy plc 
 
   David Gibbon, CFO                     Tel: 0118 963 7000 
 
  Arden Partners plc -                 Tel: 020 7614 5900 
   NOMAD and broker 
  Steve Douglas / Patrick Caulfield 
 
 
 
 

About cloudBuy plc

cloudBuy, (AIM: CBUY), provides cloud solutions for buyers and sellers - and brings them together to trade securely and ethically via an increasing number of public eMarketplaces and private purchasing portals around the world, powered by cloudBuy technology. cloudBuy solutions for buyers help B2B purchasers understand and control their spend, to reduce costs and increase value. Our cloudSell solutions enable sellers of all sizes, from startups to corporates, reach new customers and grow their business.

cloudBuy's technology platform powers web sites, public marketplaces and private purchasing portals that enable all types of online interactions and relationships including, citizen and business to government; consumer to business; and business to business.

For more information, visit: www.cloudbuy.com .

This information is provided by RNS

The company news service from the London Stock Exchange

END

MSCKQLBLDZFLBBZ

(END) Dow Jones Newswires

April 27, 2017 02:00 ET (06:00 GMT)

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