Cloudbuy PLC Fourth Interest Payment (5934P)
May 30 2018 - 2:00AM
UK Regulatory
TIDMCBUY
RNS Number : 5934P
Cloudbuy PLC
30 May 2018
Embargoed for 7:00am release 30 May 2018
cloudBuy plc
("cloudBuy" or the "Company")
Fourth 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), with effect from 26 April 2018, 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 8 April 2016, has issued 24,878 convertible and
43,694 non-convertible loan notes of GBP1 each to Robert Sella.
As at 30 May 2018 following the issue of these notes, and
including 1,700,000 new notes issued on 27 December 2017 (New CLS),
Roberto Sella held the following convertible and non-convertible
loan notes:
Convertible Non-convertible
loan notes loan notes
Roberto Sella 5,952,660 1,718,118
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 30 May 2018, the holdings of Roberto Sella and Mike
Pasternak are as follows:
Shareholder Interest in issued share Percentage interest in Total interest on Percentage
capital on 30 May 2018 issued share capital on 30 the basis that the total assuming
May 2018 further GBP1,700,000 no other
New CLS available ordinary
under the facility shares
are issued in the are issued
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 Tel: 0118 963 7000
Arden Partners plc - Tel: 020 7614 5900
NOMAD and broker
Paul Shackleton
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
MSCQKLFLVEFZBBZ
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