17th Dec 2014 07:00
17 December 2014
CloudTag Inc.("CloudTag" or the "Company")
Issue of Equity
CloudTag has issued 3,546,669 new ordinary shares in settlement of, in aggregate, £133,000 of fees due to directors and a third party creditor at an issue price of 3.75 pence per share ("Fee Shares"). The Fee Shares will represent 2.23 per cent. of the Company's so enlarged share capital and will rank equally in all respects with the Company's existing ordinary shares.
Following the issue of the Fee Shares, Directors' shareholdings in the Company's so enlarged issued share capital are set out below.
| Shareholding prior to issue of Fee Shares | Number of Fee Shares issued
| Shareholding after issue of Fee Shares | % |
Andy Jackson | - | 2,013,334 | 2,013,334 | 1.26 |
Tony Reeves | 875,000 | 466,667 | 1,341,667 | 0.84 |
Mike Hirschfield | 7,037,500 | 533,334 | 7,570,834 | 4.75 |
Application has been made for the admission of the 3,546,669 new ordinary shares to trading on AIM and it is expected that dealings in these shares will commence on or around 22 December 2014.
Following the issue of the Fee Shares, the total number of shares in issue is 159,234,169. This number may be used by shareholders as the denominator for the calculation by which they will determine if they are required to notify their interest in, or a change in their interest in, the share capital of the Company.
Enquiries
CloudTag Inc. Andy Jackson / Jamie Bligh
| +44(0) 20 3740 7464 [email protected] |
Cairn Financial Advisers LLP (Nominated Adviser) Avi Robinson / Paul Trendell | +44 (0) 20 7148 7900 |
Gable Communications Limited John Bick | +44 (0) 20 7193 7463 |
Related Shares:
Cloudtag Inc