Source - RNS
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 £1 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 notes

Non-convertible loan 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 capital on 7 January 2020

Percentage interest in issued share capital on 10 July 2019

Total interest on the basis that the further £1,200,000 New CLS available under 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)

Percentage total assuming no other  ordinary shares are issued

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 .

 


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