|Share Name||Share Symbol||Market||Type||Share ISIN||Share Description|
|Cloudtag||LSE:CTAG||London||Ordinary Share||KYG2215A1076||ORD 0.1P (DI)|
|Price Change||% Change||Share Price||Bid Price||Offer Price||High Price||Low Price||Open Price||Shares Traded||Last Trade|
|Industry Sector||Turnover (m)||Profit (m)||EPS - Basic||PE Ratio||Market Cap (m)|
|Technology Hardware & Equipment||0.0||-1.3||-0.7||-||29.60|
CloudTag Inc. Clarification in respect of L1 warrant pricing
22 December 2016
22 December 2016
("CloudTag" or the "Company")
Clarification in respect of L1 warrant pricing
CloudTag (CTAG:LN), the company that brings personal monitoring to the wellbeing, fitness and digital health markets hereby announces a clarification in respect of the warrant pricing detailed in the notifications dated 14 November 2016, 23 November 2016 and 9 December 2016.
The warrant exercise price is the lower of:
a) 90% of the closing bid price on the trading day immediately preceding the date on which the subscription form is delivered to the Company, and
b) 125% of the closing bid price on the trading day immediately preceding the conversion notice date (as defined in the convertible securities deed) immediately preceding the date of issue of the relevant warrant.
In each case the warrant exercise price will be rounded down to the nearest GBP0.005 in accordance with the terms of the relevant agreements.
This rounding down condition was not included in the Company's notification dated 7 November 2016.
The Company's notifications dated 14 November 2016, 23 November 2016 and 9 December 2016 did not apply the rounding down to the price in (b) above. When rounded down these prices are:
Notification dated 14 November 2016
b) 11.0 pence per share.
Notification dated 23 November 2016
b) 13.0 pence per share.
Notification dated 9 December 2016
b) 9.5 pence per share.
The rounding down will also apply to the price in (a) above when known.
CloudTag Inc. +1 345 949 45 44 Amit Ben-Haim / Tony Reeves [email protected] UK Investor Relations +44 (0) 20 7052 8469 [email protected] Cairn Financial Advisers LLP (Nominated Adviser) Tony Rawlinson / Jo Turner +44 (0) 20 7213 0880
This information is provided by RNS
The company news service from the London Stock Exchange
(END) Dow Jones Newswires
December 22, 2016 09:48 ET (14:48 GMT)
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