RNS Number : 9165D
03 April 2014
ISSUE OF EQUITY and OPTIONS,
TOTAL VOTING RIGHTS
cloudBuy plc (AIM: CBUY), ), the cloud eCommerce marketplace, announces the issue of 555,192 new ordinary shares of 1p each in the Company ("Shares") pursuant to an exercise of warrants to subscribe for Shares at 2p per Share, the transfer of warrants and grants of options over Shares:
Application will be made for the admission to trading on AIM ("Admission") of the 555,192 new Shares detailed above, and Admission is expected to occur on 9 April 2014. Following Admission, the Company shall have 109,485,542 Ordinary Shares in issue, each with voting rights (which 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 Financial Conduct Authority's Disclosure and Transparency Rules).
Ronald and Lyn Duncan, directors of the Company, have transferred for nil consideration a total of 858,640 Warrants to friends and family who have undertaken to pay any tax arising from the exercise of the Warrants. Following the transfer, Ronald and Lyn Duncan now hold 2,053,836 Warrants.
In addition, 1,050,000 options over Shares were granted yesterday to employees under the Company's EMI Option Scheme, including 500,000 options to Jonathan Holden, CEO, Europe, Middle East & Africa. These options which are exercisable at 38.75p per Share vest monthly between the 3rd and 5th anniversary of the date of grant (2 April 2014) and expire after 10 years.
For further information, please contact:
Ronald Duncan, Chairman
Tel: 0118 963 7000
Westhouse Securities Limited
Tom Griffiths/Richard Johnson
Tel: 020 7601 6100
Caroline Forde/Alex White/Robyn McConnachie
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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