Results of General Meeting

Cloudcoco Group PLC

27 March 2026

 

27 March 2026

CloudCoCo Group plc

("CloudCoCo", the "Company" or the "Group")

Results of General Meeting

CloudCoCo (AIM: CLCO), the Sheffield-based e-commerce and IT procurement group delivering tailored, next-day IT solutions through its Systems Assurance and MoreCoCo divisions, announces that at the Company's General Meeting (the "GM") held earlier today, all resolutions proposed were duly passed.

Share Capital Reorganisation

As a result of the passing of resolutions 1 and 2 at the GM, the Share Capital Reorganisation will take effect from close of business today. An application has been made for the admission of the 706,215,686 New Ordinary Shares to trading on AIM at 8:00 a.m. on 30 March 2026.

As a result of the Share Capital Reorganisation, but before the completion of the Subscription, the number of ordinary shares in issue, and held by each Shareholder, will not change. It is simply the nominal value of the existing Ordinary Shares that will change. Accordingly, prior to the Subscription completing, the Share Capital Reorganisation will result in the issue of 706,215,686 New Ordinary Shares and 706,215,686 New Deferred Shares.

The New Ordinary Shares will continue to carry the same rights as those attached to the existing Ordinary Shares, save for the change in nominal value. The New Ordinary Shares will have the same ISIN number and SEDOL code as the existing Ordinary Shares.

Subscription

As outlined in the Circular, the Company is currently in a close period pursuant to UK MAR until the publication of its audited results for the year ended 30 September 2025 (the "Results"), expected by 31 March 2026, the Directors and management of the Company are prohibited from acquiring shares in the Subscription at this time. However, Simon Duckworth and his wife have confirmed that following the publication of the Results by 31 March 2026, that they intend to subscribe for, in aggregate, 175,000,000 Subscription Shares at the Issue Price.

The Director Subscription is expected to complete alongside the Subscription on or around 2 April 2026. A further announcement will be made in due course.

Unless otherwise defined, definitions contained in this announcement have the same meaning as set out in the announcement made by the Company on 10 March 2026 at 6:30 P.M.

Contacts:

CloudCoCo Group plc Simon Duckworth (Chairman) Darron Giddens (CFO) Peter Nailer (Managing Director)	Tel: [phone]
Allenby Capital Limited - (Nominated Adviser & Broker) Jeremy Porter / Vivek Bhardwaj - Corporate Finance Tony Quirke / Amrit Nahal - Equity Sales	Tel: [phone]

About CloudCoCo

CloudCoCo is a streamlined, growth-focused technology group specialising in e-commerce and IT procurement business based in Sheffield. Combining expert IT procurement solutions through Systems Assurance with the scalable e-commerce capabilities of MoreCoCo (www.morecoco.co.uk), helping organisations deliver enhanced efficiency, security, and agility. Backed by strong vendor partnerships and a team of industry specialists, we deliver tailored solutions and next-day access to hundreds of thousands of IT products.            

www.cloudcoco.co.uk

 

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