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Share Name Share Symbol Market Type Share ISIN Share Description
Cloudbuy 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
  +0.00p +0.00% 2.45p 2.20p 2.70p 2.45p 2.45p 2.45p 0 08:00:00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Software & Computer Services 1.1 -2.3 1.7 1.4 3.20

Cloudbuy PLC Second Interest Payment for New CLS

04/01/2019 3:07pm

UK Regulatory (RNS & others)


Cloudbuy (LSE:CBUY)
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6 Months : From Oct 2018 to Apr 2019

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TIDMCBUY

RNS Number : 2788M

Cloudbuy PLC

04 January 2019

 
   4 January 2019 
 

cloudBuy plc

("cloudBuy" or the "Company")

Second Interest Payment for New CLS

cloudBuy, the global provider of cloud-based eCommerce marketplaces and B2B buyer and supplier solutions, announces that pursuant to the New CLS announced on 8 December 2017 (as defined therein), with effect from 27 December 2018, 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 7 December 2017, has issued 20,090 convertible loan notes of GBP1 each to Robert Sella.

As at 4 January 2019 following the issue of these notes, Roberto Sella held the following convertible and non-convertible loan notes:

 
                Convertible loan  Non-convertible 
                      notes          loan notes 
Roberto Sella      6,017,806         1,762,563 
 

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 4 January 2019, 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 19 July 2018    issued share capital on                       basis      total assuming 
                                                          19 July 2018            that the further   no other ordinary 
                                                                                      GBP1,700,000          shares are 
                                                                           New CLS available under              issued 
                                                                           the facility are issued 
                                                                         in the future and all CLS 
                                                                           including PIK notes are 
                                                                             converted immediately 
                                                                                            before 
                                                                            their final redemption 
                                                                              date (10 years after 
                                                                                            issue) 
Roberto Sella                    14,700,000                     11.27%                 301,204,965              72.24% 
Mike Pasternak                    2,150,000                      1.65%                   2,150,000               0.52% 
Total                            16,850,000                     12.92%                 303,354,965              72.76% 
 

For further information, please contact:

 
  cloudBuy plc 
 
   David Gibbon, CFO & COO                   Tel: 0118 963 7000 
 
  Arden Partners plc - NOMAD and broker    Tel: 020 7614 5900 
  Paul Shackleton 
 
 

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 news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

END

MSCGMGGMKDKGLZM

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January 04, 2019 10:07 ET (15:07 GMT)

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