CloudTag Inc. Exercise of Warrants (6164M)
October 14 2016 - 9:40AM
UK Regulatory
TIDMCTAG
RNS Number : 6164M
CloudTag Inc.
14 October 2016
14 October 2016
CloudTag Inc.
("CloudTag" or "the Company")
Exercise of Warrants
CloudTag (CTAG:LN), the company that brings personal monitoring
to the wellbeing, fitness and digital health markets, announces
that, it has received notice from an existing investor to exercise
warrants ("Warrants") over 1,500,000 new ordinary shares at an
exercise price of 8.0 pence per Ordinary Share raising a further
GBP120,000 for the Company. Such warrants were issued in relation
to a fundraising as announced by the Company on the 31 March
2014.
Application will be made for the admission of 1,500,000 Shares
to trading on AIM and it is expected that dealings in the Shares
will commence on or around 20 October 2016. The new ordinary shares
will rank equally in all respects with the Company's existing
ordinary shares.
Following the issue of the new ordinary shares, the total number
of ordinary shares in issue is 371,927,540. This number may be used
by shareholders as the denominator for the calculation by which
they will determine if they are required to notify their interest
in, or a change in their interest in, the share capital of the
Company.
This announcement contains inside information for the purposes
of Article 7 of EU Regulation 596/2014.
Enquiries
CloudTag Inc. +1 345 949 45 44
Amit Ben-Haim, CEO contact@cloudtag.com
Cairn Financial Advisers LLP
(Nominated Adviser) +44 (0) 20 7148
Tony Rawlinson, Jo Turner 7900
Tavistock Communications Limited
(Financial PR) +44 (0) 20 7920
Mike Bartlett, Andrew Dunn 3150
This information is provided by RNS
The company news service from the London Stock Exchange
END
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