TIDMCTAG

RNS Number : 1263T

CloudTag Inc.

03 January 2017

3 January 2017

CloudTag Inc.

("CloudTag" or the "Company")

Notice of drawdown issued in respect of second part of the Tranche 2 Notes

CloudTag (CTAG:LN), the company that brings personal monitoring to the wellbeing, fitness and digital health markets, confirms that after business hours on 30 December 2016 it issued to L1 a Notice of Drawdown for the remainder of the second part of the Tranche 2 Notes being GBP1 million of nominal value of which the Company expects to receive GBP850,000 net of expenses. Under the terms of the Notes, 2 business days' notice is required prior to the funds being due to the Company following which the Notes will be issued to L1. A further announcement will be made when the funds are received and the Notes issued.

Definitions used in this notification are taken from the Company's announcement dated 7 November 2016 and the Company's circular to shareholders dated 24 November 2016.

This announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014.

 
 CloudTag Inc.                   +1 345 949 45 44 
  Amit Ben-Haim / Tony Reeves     contact@cloudtag.com 
 UK Investor Relations           +44 (0) 20 7052 8469 
                                  investors@cloudtag.com 
 Cairn Financial Advisers 
  LLP (Nominated Adviser) 
  Liam Murray / Jo Turner        +44 (0) 20 7213 0880

This information is provided by RNS

The company news service from the London Stock Exchange

END

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(END) Dow Jones Newswires

January 03, 2017 02:00 ET (07:00 GMT)

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