17th December 2014
CloudTag has issued 3,546,669 new ordinary shares in settlement of, in aggregate, GBP133,000 of fees due to directors and a third party creditor at an issue price of 3.75 pence per share (“Fee Shares”). The Fee Shares will represent 2.23 per cent. of the Company’s so enlarged share capital and will rank equally in all respects with the Company’s existing ordinary shares.
Following the issue of the Fee Shares, Directors’ shareholdings in the Company’s so enlarged issued share capital are set out below.
Shareholding Number of Fee Shareholding %
prior to issue Shares issued after issue
of Fee Shares of Fee Shares
Andy Jackson - 2,013,334 2,013,334 1.26
Tony Reeves 875,000 466,667 1,341,667 0.84
Mike Hirschfield 7,037,500 533,334 7,570,834 4.75
Application has been made for the admission of the 3,546,669 new ordinary shares to trading on AIM and it is expected that dealings in these shares will commence on or around 22 December 2014.
Following the issue of the Fee Shares, the total number of shares in issue is 159,234,169. 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.