LSE Regulatory News MORE NEWS

NOTIFICATION OF MAJOR INTEREST IN SHARES
May 23, 2017
cloudBuy plc, the global provider of cloud-based e-commerce marketplaces and B2B buyer and supplier solutions, today provides an notifications of major interests in shares
read more
NOTIFICATION OF MAJOR INTEREST IN SHARES
May 23, 2017
cloudBuy plc, the global provider of cloud-based e-commerce marketplaces and B2B buyer and supplier solutions, today provides an notifications of major interests in shares
read more
Directorate Change
May 15, 2017
cloudBuy, the global provider of cloud-based eCommerce marketplaces and B2B buyer and supplier solutions, announces that Jonny Holden, Chief Operating Officer, will leave by mutual consent...
read more
Second Interest Payment
Apr 27, 2017
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...
read more
cloudBuy AGM Result
Apr 18, 2017
cloudBuy plc, the global provider of cloud-based e-commerce marketplaces and B2B buyer and supplier solutions, announces that all resolutions were duly passed at today’s AGM.
read more

First Interest Payment

Oct 28, 2016

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 (as defined therein), the first 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 13,877 convertible and 24,373 non-convertible loan notes of £1 each to Robert Sella.

As at 28 October 2016 following the issue of these notes, Roberto Sella held the following non-convertible and convertible loan notes:

 

Convertible loan notes

Non-convertible loan notes

Roberto Sella

3,288,177

 24,373

 

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 28 October 2016, the holdings of Roberto Sella and Mike Pasternak are as follows:

Shareholder

Interest in issued share capital on 28 October 2016

Percentage interest in issued share capital on  28 October

Total interest on the basis that the full £5,750,000 loan is utilised and all potential Convertible Loan Securities are converted

Percentage total interest on the basis that the full £5,750,000 loan is utilised and all potential Convertible Loan Securities are converted

Roberto Sella

14,700,000

11.27%

88,521,777

42.74%

Mike Pasternak

2,150,000

1.65%

2,150,000

1.06%

Total

16,850,000

12.92%

90,671,777

43.80%

 

 

For further information, please contact:

cloudBuy plc

 

David Gibbon, CFO

 

Tel: 0118 963 7000

 

 

Arden Partners plc – NOMAD and broker

Tel: 020 7614 5900

James Felix / Patrick Caulfield

 

 

 

Alma PR

 

Josh Royston / Hilary Buchanan

Tel: 020 8004 4218

 

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 .