TIDMCTAG

RNS Number : 1782T

CloudTag Inc.

03 January 2017

3 January 2017

CloudTag Inc.

("CloudTag" or the "Company")

Receipt of GBP0.85 million and issue 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 announces that, further to the announcement of 3 January 2017 stating that it had issued a drawdown notice in respect of GBP1 million nominal of Tranche 2 Notes, it has now received net proceeds of GBP0.85 million taking into account costs of GBP0.05 million). Accordingly, GBP1,000,000 (at nominal value) of the Tranche 2 Notes have today been issued to L1 Capital Global Opportunities Master Fund.

CloudTag has now fully drawn down against the GBP4.05 million funding facility notified to shareholders in the announcement made on 7 November 2016 and has issued all Notes in respect of that facility.

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 05:13 ET (10:13 GMT)

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