RNS Number : 6791G
05 March 2015
cloudBuy plc ("the Company")
The Company announces that it was notified on 4 March 2015 that, on 22 August 2013, the administrators of Lyn Duncan's SIPP executed an automated sale of 643 ordinary shares of 1 pence each ("Shares") at 32.55p per Share, in order to cover administrative fees.
The current interests of Ronald Duncan, Chairman, and Lyn Duncan, Chief Executive Officer, therefore comprise:
Ronald Duncan (sole beneficial interest): 11,432,674 Shares (9.4%)
Lyn Duncan (sole beneficial interest): 4,305,355 Shares (3.6%)
Ronald and Lyn Duncan (joint beneficial interest): 4,874,952 Shares (4.0%)
Total 20,612,981 Shares (17.0%)
In addition, Ronald and Lyn Duncan jointly hold 2,053,836 warrants to subscribe for Shares, and each hold 782,867 options over Shares.
For further information, please contact:
Ronald Duncan, Chairman
Tel: 0118 963 7000
Westhouse Securities Limited
Tom Griffiths/Richard Johnson
Tel: 020 7601 6100
Robyn McConnachie/Tim Thompson/Lois Engstrand
Tel 020 7653 9850
About cloudBuy PLC
cloudBuy, formerly @UK, is the world's leading transactional Cloud Platform.
cloudBuy has used the platform to build the world leading B2B ecommerce and eprocurement applications which address the full range of buying and selling activities, in an easy to use web and mobile experience. Along with other cloud based applications including Content Management, email and big data analysis.
The applications have already managed over $ 500 billion of spend and are being used by leading organisations around the world to deliver savings and improved services.
The applications are unique in delivering correct pricing in the complex world of B2B whilst being easy enough to use that the people with difficulties can use the system to buy their own social and health care.
For more information, visit www.cloudbuy.com
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