Issue of Shares and Options

Dec 29, 2014

RNS Number : 7748A
Cloudbuy PLC
29 December 2014

cloudBuy plc
("cloudBuy" or the "Company")

Issue of Shares and Options

cloudBuy (AIM: CBUY), the cloud eCommerce marketplace, today announces the issue of 1,300,000 new ordinary shares of 1p each in the Company ("Ordinary Shares") in relation to:

  • 50,000 Shares pursuant to the exercise by a cloudBuy employee of options to subscribe for Shares at 3.5p per Share, and
  • 1,250,000 new shares pursuant to the exercise of warrants to subscribe for Shares at 2p per Share

Application has been made for the admission ("Admission") to trading on AIM of the 1,300,000 new Ordinary Shares.

Following Admission, the Company shall have 121,213,990 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 Service Authority's Disclosure and Transparency Rules).

For further information, please contact:

cloudBuy plc
Ronald Duncan, Chairman
Lyn Duncan, Chief Executive
Jonathan Holden, Chief Operating Officer
Tel: 0118 963 7000

Westhouse Securities Limited
Tom Griffiths/Richard Johnson
Tel: 020 7601 6100

Newgate Threadneedle
Tim Thompson/Robyn McConnachie
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

 

This information is provided by RNS
The company news service from the London Stock Exchange

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