Source - SMW
cloudBuy, the cloud e-commerce marketplace, has issued 555,192 new ordinary shares following the  exercise of warrants at 2p per share.

The company also announced that directors Ronald and Lyn Duncan have transferred for nil consideration a total of 858,640 warrants to friends and family who have undertaken to pay any tax arising from the exercise of them.  Following the transfer, Ronald and Lyn Duncan now hold 2,053,836 warrants.

In addition, 1,050,000 options over shares were granted yesterday to employees under the company's EMI Option Scheme, including 500,000 options to Europe, Middle East & Africa chief executive Jonathan Holden. These options, which are exercisable at 38.75p per share, vest monthly between the third  and fifth  anniversary of the date of grant (2 April 2014) and expire after 10 years. 

At 9:55am: (LON:CBUY) Cloudbuy share price was +1.25p at 40p

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