Cloudbuy PLC Fourth Interest Payment for New CLS (0583Z)
07 Enero 2020 - 11:31AM
UK Regulatory
TIDMCBUY
RNS Number : 0583Z
Cloudbuy PLC
07 January 2020
7 January 2020
cloudBuy plc
("cloudBuy" or the "Company")
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 GBP1 each to Robert Sella.
As at 7 January 2020, following the issue of these notes,
Roberto Sella held the following convertible and non-convertible
loan notes:
Convertible loan Non-convertible loan
notes 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 7 January 2020, 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 7 January 2020 issued share capital on basis total assuming
10 July 2019 that the further no other ordinary
GBP1,200,000 shares are
New CLS available under issued
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)
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
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 news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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January 07, 2020 12:31 ET (17:31 GMT)
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