CloudTag Inc. Exercise of Warrants (6182L)

TIDMCTAG

RNS Number : 6182L

CloudTag Inc.

04 October 2016

4 October 2016

CloudTag Inc.

("CloudTag" or "the Company")

Exercise of Warrants

CloudTag (CTAG:LN), the company that brings personal monitoring to the wellbeing, fitness and digital health markets, announces that, it has received notice from an existing investor, Preciousbluedot Ltd, who has been a shareholder since incorporation and instrumental in the development of the Company's app, to exercise warrants ("Warrants") over 4,000,000 new ordinary shares at an exercise price of 3.0 pence per Ordinary Share raising a further GBP120,000 for the Company. Such warrants were issued pursuant to an announcement by the Company on 29 September 2015.

Application will be made for the admission of 4,000,000 Shares to trading on AIM and it is expected that dealings in the Shares will commence on or around 10 October 2016. The Shares will rank equally in all respects with the Company's existing ordinary shares.

Following the issue of the Shares, the total number of ordinary shares in issue is 370,427,540. This number may be used by shareholders as the denominator for the calculation by which they will determine if they are required to notify their interest in, or a change in their interest in, the share capital of the Company.

Enquiries

 
 CloudTag Inc.                       [phone] 
  Amit Ben-Haim                       [e-mail] 
 Cairn Financial Advisers LLP 
  (Nominated Adviser)                [phone] 
  Tony Rawlinson, Jo Turner           7900 
 Tavistock Communications Limited 
  (Financial PR)                     [phone] 
  Mike Bartlett, Andrew Dunn          3150 
 

This information is provided by RNS

The company news service from the London Stock Exchange

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October 04, 2016 04:19 ET (08:19 GMT)