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Cloudbuy PLC (CBUY)

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Monday 30 October, 2017

Cloudbuy PLC

Third Interest Payment

RNS Number : 8881U
Cloudbuy PLC
30 October 2017
 

Embargoed for 7:00am release

30 October 2017

 

cloudBuy plc

("cloudBuy" or the "Company")

Third Interest Payment

cloudBuy, the global provider of cloud-based eCommerce marketplaces and B2B buyer and supplier solutions, announces that pursuant to the Financing announced on 24 March 2016 (as defined therein), the third 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 8 April 2016, has issued 23,814 convertible and 41,826 non-convertible loan notes of £1 each to Robert Sella.

As at 30 October 2017 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

4,227,782

 1,674,424

 

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 30 October 2017, the holdings of Roberto Sella and Mike Pasternak are as follows:

 Shareholder

Interest in issued share capital on 27 April 2017

Percentage interest in issued share capital on  27 April 2017

Total interest on the basis that the full £5,750,000 loan is utilised and all potential Convertible Loan Securities are converted at 6.5p per share

Percentage total interest on the basis that the full £5,750,000 loan is utilised and all potential Convertible Loan Securities are converted at 6.5p per share

Roberto Sella

14,700,000

11.27%

86,911,877

42.89%

Mike Pasternak

2,150,000

1.65%

2,150,000

1.06%

Total

16,850,000

12.92%

89,911,877

43.95%

 

 

For further information, please contact:

cloudBuy plc

 

David Gibbon, CFO

 

Tel: 0118 963 7000



Arden Partners plc - NOMAD and broker

Tel: 020 7614 5900

William Vandyk








 

 

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 .

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
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