7th March 2016
CloudTag (CTAG:LN), the company that brings personal monitoring to the health, wellbeing and fitness markets, announces that it has raised a further £65,000 from Spreadex Limited, due to increased investors’ demand following last week’s investment, through the issue of 2,600,000 new ordinary shares (“Shares”) a price of 2.5 pence per share, representing a premium of 18 per cent to the mid-market closing price on 4 March 2016.
Following the issue of the Shares, Spreadex Limited is interested in 14,284,783 shares, representing 5.80 per cent of the Company’s enlarged issued share capital. Application will be made for the admission of the Shares to trading on AIM and it is expected that dealings in the Shares will commence on or around 11 March 2016. The Shares will rank pari passu with the Company’s existing ordinary shares.
Following the issue of the Shares, the total number of ordinary shares in issue is 246,178,729. 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.