14th July 2016
(“CloudTag” or the “Company”)
CloudTag (CTAG:LN), the company that brings personal monitoring to the wellbeing, fitness and digital health markets, announces that it has raised £800,000 through the issue of 15,238,095 new ordinary shares (“Shares”) at a price of 5.25 pence per Share representing a premium of 6.1% to the mid-market closing price on the 13 July 2016 of 4.95p. The funds will be used for general working capital purposes in line with Company’s strategy to accelerate the growth of the business.
Application will be made for the admission for the 15,238,095 Shares to trading on AIM and it is
expected that dealings in the Shares will commence on or around 19 July 2016. The Shares will rank equally in all respects with the Company’s existing ordinary shares.
Following the issue of the Shares, the total number of ordinary shares in issue is 342,910,634. 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.
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|Cairn Financial Advisers LLP (Nominated Adviser)
Tony Rawlinson, Jo Turner
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|Tavistock Communications Limited (Financial PR)
Mike Bartlett, Andrew Dunn
|+44 (0) 20 7920 3150