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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 : 1594F
Cloudbuy PLC
11 July 2019
Embargoed for 7:00am release 11 July 2019
cloudBuy plc
("cloudBuy" or the "Company")
Third 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 Financing announced on 8 December 2017 (New CLS) (as defined therein), with effect from 27 June 2019, the third 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 23,342 convertible loan notes of GBP1 each to Robert Sella.
As at 10 July 2019, following the issue of these notes, Roberto Sella held the following convertible and non-convertible loan notes:
Convertible loan Non-convertible loan notes notes Roberto Sella 6,566,608 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 10 July 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 10 July 2019 issued share capital on basis total assuming 10 July 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 David Gibbon, CFO & COO Tel: 0118 963 7000 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.
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(END) Dow Jones Newswires
July 11, 2019 02:00 ET (06:00 GMT)
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