RNS Number : 4633V
28 October 2014
("cloudBuy" or the "Company")
cloudBuy plc (AIM: CBUY), the cloud eCommerce marketplace, was notified earlier today that Lyn Duncan, Chief Executive Officer of cloudBuy, purchased 25,000 ordinary shares of 1 penny each in the Company ("Ordinary Shares") at a price of 37.2 pence per Ordinary Share on 28 October 2014.
Following the transaction, Lyn and Ronald Duncan and associated family's holding in the Company has increased to 21,048,624 Ordinary Shares, representing 17.55 per cent. of the Company's current issued share capital.
For further information, please contact:
Ronald Duncan, Chairman
Tel: 0118 963 7000
Westhouse Securities Limited
Tom Griffiths/Richard Johnson
Tel: 020 7601 6100
Tim Thompson/Robyn McConnachie/Alex White
Tel 020 7653 9850
About cloudBuy PLC
cloudBuy, formerly @UK, is a world-leading transactional cloud platform.
cloudBuy has used the platform to build world-leading business to business (B2B) ecommerce and e-procurement applications, which address the full range of buying and selling activities in an easy-to-use web and mobile digital experience. The platform is also used to build complementary applications such as content management, secure email and big data analysis.
To date, the applications have processed over $500 billion of spend, and are being used by leading organisations around the world to deliver savings, increase profits and improve services.
The applications are unique in delivering correct pricing in the complex world of B2B procurement, whilst being simple enough for anyone to use - to the extent that people with disabilities can easily use a Care marketplace version to buy their own social and health care.
For more information, visit www.cloudbuy.com
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The company news service from the London Stock Exchange