RNS Number : 1791S
15 March 2016
("cloudBuy" or "The Company")
Statement re Share Price Movement
cloudBuy plc (AIM: CBUY), the global provider of cloud-based e-commerce marketplaces and B2B buyer and supplier solutions, notes the recent increase in the Company's share price and the Board would like to advise the market that it is in the final stages of agreeing a financing package which will be concluded at or around today's opening share price. The Company will make a further announcement regarding the financing package in due course.
For further information, please contact:
David Gibbon, CFO
Tel: 0118 963 7000
Arden Partners plc - NOMAD and broker
James Felix / Kam Bansil / Patrick Caulfield
Tel: 020 7614 5900
Josh Royston / Hilary Buchanan
Tel: 020 7796 9083
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 analysed over $1.5 trillion 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
This information is provided by RNS
The company news service from the London Stock Exchange