("cloudBuy" or the "Company")
Second Interest Payment
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 second 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 17,529 convertible and 30,787 non-convertible loan notes of £1 each to Robert Sella.
As at 27 April 2017, following the issue of these notes, Roberto Sella held the following convertible and non-convertible loan notes:
|Convertible loan notes||Non-convertible loan notes|
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 27 April 2017, the holdings of Roberto Sella and Mike Pasternak are as follows:
|Shareholder||Interest in issued share capital on 27 April 2017||Percentage interest in issued share capital on 27 April 2017||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|
For further information, please contact:
David Gibbon, CFO
Tel: 0118 963 7000
Arden Partners plc – NOMAD and broker
Tel: 020 7614 5900
Steve Douglas / Patrick Caulfield
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