Cloudbuy PLC Second Interest Payment (3942D)
April 27 2017 - 2:00AM
UK Regulatory
TIDMCBUY
RNS Number : 3942D
Cloudbuy PLC
27 April 2017
27 April 2017
cloudBuy plc
("cloudBuy" or the "Company")
Second Interest Payment
cloudBuy, the global provider of cloud-based eCommerce
marketplaces and B2B buyer and supplier solutions, announces that
pursuant to the Financing announced on 24 March 2016 (as defined
therein), the second 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 8 April 2016, has issued 17,529
convertible and 30,787 non-convertible loan notes of GBP1 each to
Robert Sella.
As at 27 April 2017, following the issue of these notes, Roberto
Sella held the following convertible and non-convertible loan
notes:
Convertible Non-convertible
loan notes loan notes
Roberto Sella 3,668,506 692,360
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 27 April 2017, the holdings of Roberto Sella and Mike
Pasternak are as follows:
Shareholder Interest in issued share Percentage interest in Total interest on the Percentage
capital on 27 April 2017 issued share capital on 27 basis that the full total interest
April 2017 GBP5,750,000 loan is on the basis
utilised and all that the full
potential GBP5,750,000
Convertible Loan loan is utilised
Securities are converted and all potential
Convertible
Loan Securities
are converted
Roberto
Sella 14,700,000 11.27% 88,521,777 42.74%
Mike Pasternak 2,150,000 1.65% 2,150,000 1.06%
Total 16,850,000 12.92% 90,671,777 43.80%
For further information, please contact:
cloudBuy plc
David Gibbon, CFO Tel: 0118 963 7000
Arden Partners plc - Tel: 020 7614 5900
NOMAD and broker
Steve Douglas / Patrick Caulfield
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 .
This information is provided by RNS
The company news service from the London Stock Exchange
END
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