Buy
Sell
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
  +0.00p +0.00% 2.35p 2.20p 2.50p 2.35p 2.35p 2.35p 3,000 07:47:30
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Software & Computer Services 1.1 -2.3 1.7 1.4 3.07

Cloudbuy PLC Sixth Interest Payment

26/04/2019 7:00am

UK Regulatory (RNS & others)


Cloudbuy (LSE:CBUY)
Historical Stock Chart

2 Months : From Apr 2019 to Jun 2019

Click Here for more Cloudbuy Charts.

TIDMCBUY

RNS Number : 1571X

Cloudbuy PLC

26 April 2019

 
 
 

cloudBuy plc

("cloudBuy" or the "Company")

Sixth Interest Payment

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 (Existing Loan Notes) (as defined therein), with effect from 26 April 2019, the sixth 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 8 April 2016, has issued 25,461 convertible and 44,718 non-convertible loan notes of GBP1 each to Robert Sella.

As at 26 April 2019, following the issue of these notes, and including 2,239,841 New CLS, Roberto Sella held the following convertible and non-convertible loan notes:

 
                Convertible loan  Non-convertible 
                 notes             loan notes 
Roberto Sella   6,543,267          1,807,281 
 

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 26 April 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 26 April 2019   issued share capital on    basis                         total assuming 
                                            26 April 2019              that the further              no other ordinary 
                                                                       GBP1,200,000                  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                             Tel: 0118 963 7000 
  David Gibbon, CFO & COO 
 
  Arden Partners plc - Nomad and Broker    Tel: 020 7614 5900 
  Paul Shackleton / Daniel Gee-Summons- 
   Corporate Finance 
   Simon Johnson - Corporate Broking 
 
 

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

MSCLLFEESTIEFIA

(END) Dow Jones Newswires

April 26, 2019 02:00 ET (06:00 GMT)

1 Year Cloudbuy Chart

1 Year Cloudbuy Chart

1 Month Cloudbuy Chart

1 Month Cloudbuy Chart
Your Recent History
LSE
CBUY
Cloudbuy
Register now to watch these stocks streaming on the ADVFN Monitor.

Monitor lets you view up to 110 of your favourite stocks at once and is completely free to use.

By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions

P: V:gb D:20190620 17:27:04