21st January 2016
CloudTag (CTAG:LN), the company that brings personal monitoring to the health, wellbeing and fitness markets, is pleased to announce that it has raised £250,000 pursuant to a subscription by new investors for 11,764,706 new ordinary shares at a price of 2.125 pence per share (“Subscription Shares”). Funds raised will be used for general working capital purposes.
Application will be made for the admission of the Subscription Shares to trading on AIM and it is expected that dealings in these shares will commence on or around 27 January 2016.
Following the issue of the Subscription Shares, the total number of ordinary shares in issue is 221,373,476. 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.