Cloudcall Group PLC Result of Placing (5187O)

TIDMCALL

RNS Number : 5187O

Cloudcall Group PLC

30 January 2019

THIS ANNOUNCEMENT (INCLUDING THE APPENDIX) (TOGETHER, THE "ANNOUNCEMENT") AND THE INFORMATION CONTAINED HEREIN IS RESTRICTED AND IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN, INTO OR FROM THE UNITED STATES, AUSTRALIA, CANADA, JAPAN, THE REPUBLIC OF SOUTH AFRICA OR ANY OTHER JURISDICTION IN WHICH SUCH RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL.

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF THE MARKET ABUSE REGULATION (596/2014/EU) ("MAR"). IN ADDITION, MARKET SOUNDINGS (AS DEFINED IN MAR) WERE TAKEN IN RESPECT OF CERTAIN OF THE MATTERS CONTAINED IN THIS ANNOUNCEMENT, WITH THE RESULT THAT CERTAIN PERSONS BECAME AWARE OF SUCH INSIDE INFORMATION, AS PERMITTED BY MAR. UPON THE PUBLICATION OF THIS ANNOUNCEMENT, THIS INSIDE INFORMATION IS NOW CONSIDERED TO BE IN THE PUBLIC DOMAIN AND SUCH PERSONS SHALL THEREFORE CEASE TO BE IN POSSESSION OF INSIDE INFORMATION.

30 January 2019

Cloudcall Group plc

("Cloudcall" or the "Company")

Result of Placing

CloudCall Group plc (AIM: CALL), a leading cloud-based software business that integrates communications technology into Customer Relationship Management ("CRM") platforms announces the completion of the Placing which was announced earlier today.

The Company has raised a total of GBP2.4 million (before expenses) through a placing of 2,400,000 New Ordinary Shares, representing approximately 9.9 per cent of the existing issued ordinary share capital of the Company.

Arden Partners plc acted as sole broker and sole bookrunner to the Company in connection with the Placing.

Simon, Chief Executive Officer of Cloudcall, commented:

"Having spoken to shareholders following our Capital Market's day, the Board took the decision to strengthen the balance sheet and free up a little more capital to continue building its new product sales and marketing capabilities. I'm delighted that the placing has been so successful and materially oversubscribed. Now that the process is completed, I am looking forward to continuing the growth of the business from a position of greater strength."

Issue of Equity and Total Voting Rights

Application has been made to the London Stock Exchange for the New Ordinary Shares to be admitted to trading on AIM. It is expected that Admission will become effective and that dealings in the new ordinary shares on AIM will commence at 8:00 a.m. on 5 February 2019.

Following Admission, the Company will have 26,581,062 ordinary shares in issue. No ordinary shares are held in treasury. The total number of voting rights in the Company is therefore 26,581,062. The above figure may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the share capital of the Company under the FCA's Disclosure Guidance and Transparency Rules.

Capitalised terms used but not defined in this announcement have the same meanings as defined in the Company's announcement earlier today regarding the Placing.

This announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014. Upon the publication of this announcement, this inside information is now considered to be in the public domain.

ENDS

 
 For further information please contact:CloudCall Group plc                              Tel: [phone] 
   Simon Cleaver, Chief Executive Officer           7188 
   Paul Williams, Chief Financial Officer 
  Cenkos Securities (Nominated Adviser and         Tel: [phone] 
   Joint Broker)                                    8900 
   Stephen Keys / Callum Davidson / Nick Searle 
  Arden Partners plc (Joint Broker)                Tel: [phone] 
   Steve Douglas / Ciaran Walsh / Dan Gee-Summons   5900 
 
 

About CloudCall Group Plc

CloudCall is a software and unified communications business that has developed and provides a suite of cloud-based software and communications products and services. CloudCall's products and services are aimed at enabling organisations to leverage their customer data to enable more effective communications.

The CloudCall suite of software products allows companies to fully integrate telephony and messaging capability into their customer relationship management ("CRM") software, enabling communications to be made, recorded, logged and categorised from within the CRM system with detailed activity reporting and powerful business intelligence capable of being easily generated.

At the end of December 2018, the Company had approximately 150 staff based predominantly in Leicester and London (UK), Boston (US) and Minsk (BY), with just over 31,000 end-users relying on CloudCall technology to power their daily communications.

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 [e-mail] or visit www.rns.com.

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January 30, 2019 03:41 ET (08:41 GMT)