TIDMCBUY

RNS Number : 3811A

Cloudbuy PLC

27 December 2017

27 December 2017

cloudBuy plc

("cloudBuy" or "The Company")

Result of General Meeting

Approval of waiver of obligations under Rule 9 of the City Code on Takeovers and Mergers

cloudBuy plc announces that at the General Meeting of the Company held today, all resolutions, including the approval on a poll of the waiver under Rule 9 of the City Code on Takeover and Mergers were passed. The holdings of Roberto Sella and Mike Pasternak are as follows:

 
   Shareholder         Interest         Percentage      Total interest     Percentage 
                       in issued          interest          Note 1        total interest 
                     share capital       in issued                            Note 1 
                      on the date      share capital 
                     of the meeting     on the date 
                                       of the meeting 
-----------------  ----------------  ----------------  ---------------  ---------------- 
 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%

* 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.

Note 1

Assuming all the convertible Loan Notes (including the maximum number of PIK CLS and New PIK CLS) are converted in full at 6.5p per share in the case of Existing CLS and 2p per share in the case of New CLS and there are no further issues of Ordinary Shares.

For further information, please contact:

 
  cloudBuy plc                      Tel: 0118 
   David Gibbon, CFO                 963 7000 
  Arden Partners plc - NOMAD and 
   broker                           Tel: 020 7614 
   William Vandyk                    5900

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 e-marketplaces and private purchasing portals around the world, powered by cloudBuy e-commerce 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 company news service from the London Stock Exchange

END

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December 27, 2017 09:10 ET (14:10 GMT)

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