Fourth Interest Payment for New CLS
cloudBuy, the global provider of cloud-based eCommerce marketplaces and B2B buyer and supplier solutions, announces that pursuant to the Financing announced on 8 December 2017 (New CLS) (as defined therein), with effect from 27 December 2019, the fourth 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 7 December 2017, has issued 26,438 convertible loan notes of £1 each to Robert Sella.
As at 8 January 2020, following the issue of these notes, Roberto Sella held the following convertible and non-convertible loan notes:
| Convertible loan notes | Non-convertible loan notes | |
| Roberto Sella | 6,618,945 | 1,852,767 |
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 8 January 2020, the holdings of Roberto Sella and Mike Pasternak are as follows:
| Shareholder | Interest in issued share capital on 8 January 2020 | Percentage interest in issued share capital on 10 July 2019 | Total interest on the basis that the further £1,200,000 New CLS available under the facility are issued in the future and all CLS including PIK notes are converted immediately before their final redemption date (10 years after issue) | Percentage total assuming no other ordinary shares are issued |
| Roberto Sella | 14,700,000 | 11.27% | 301,204,965 | 72.24% |
| Mike Pasternak | 2,150,000 | 1.65% | 2,150,000 | 0.52% |
| Total | 16,850,000 | 12.92% | 303,354,965 | 72.76% |
For further information, please contact:
| cloudBuy plc
David Gibbon, CFO & COO |
Tel: 0118 963 7000 |
| Arden Partners plc – NOMAD and broker | Tel: 020 7614 5900 |
| Paul Shackleton / Daniel Gee-Summons- Corporate Finance
Simon Johnson – Corporate Broking
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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.