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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 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
TIDMCBUY
RNS Number : 2072G
Cloudbuy PLC
25 May 2017
Embargoed for 7:00am release 25 May 2017
cloudBuy plc
("cloudBuy" or the "Company")
GBP1,475,700 Funding
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 final GBP1,475,700 of the total GBP5,750,000 funds available has been drawn down under the interest bearing loan note instrument dated 8 April 2016 (the "Agreement"). In accordance with the terms of the Agreement, the Company has issued 535,462 convertible and 940,238 non-convertible loan notes of GBP1 each to Robert Sella.
As at 25 May 2017, following the issue of these notes, Roberto Sella held the following non-convertible and convertible loan notes of GBP1 each:
Convertible Loan Notes Loan Notes Total 4,203,968 1,632,598 5,836,566
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.
Following the full drawdown of the facility, the holdings and potential maximum future holdings can be calculated with more certainty. As at 25 May 2017 (assuming the loan continues to the 10 year term, all interest is paid in kind and all Convertible Loan Securities are converted to Ordinary Shares), the holdings of Roberto Sella and Mike Pasternak and are as follows:
Shareholder Interest in issued share Percentage interest in Total interest on the Percentage capital on 25 May 2017 issued share capital on 25 basis that the full total interest May 2017 GBP5,750,000 loan has been on the basis utilised and all potential that the full Convertible Loan GBP5,750,000 Securities are converted loan has been utilised and all potential Convertible Loan Securities are converted Roberto Sella 14,700,000 11.27% 86,911,877 42.89% Mike Pasternak 2,150,000 1.65% 2,150,000 1.06% Total 16,850,000 12.92% 89,061,877 43.95%
For further information, please contact:
cloudBuy plc David Gibbon, CFO Tel: 0118 963 7000 Arden Partners plc - Tel: 020 7614 5900 NOMAD and broker William Vandyk / 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
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(END) Dow Jones Newswires
May 25, 2017 02:21 ET (06:21 GMT)
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