CloudTag Inc. Exercise of Warrants (6164M)

TIDMCTAG

RNS Number : 6164M

CloudTag Inc.

14 October 2016

14 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 to exercise warrants ("Warrants") over 1,500,000 new ordinary shares at an exercise price of 8.0 pence per Ordinary Share raising a further GBP120,000 for the Company. Such warrants were issued in relation to a fundraising as announced by the Company on the 31 March 2014.

Application will be made for the admission of 1,500,000 Shares to trading on AIM and it is expected that dealings in the Shares will commence on or around 20 October 2016. The new ordinary shares will rank equally in all respects with the Company's existing ordinary shares.

Following the issue of the new ordinary shares, the total number of ordinary shares in issue is 371,927,540. 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.

This announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014.

Enquiries

 
 CloudTag Inc.                       [phone] 
  Amit Ben-Haim, CEO                  [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 14, 2016 10:40 ET (14:40 GMT)