5th April 2016
CloudTag (CTAG:LN), the company that brings personal monitoring to the health, wellbeing and fitness markets, announces that it has raised a further £60,000 through the issue of 1,875,000 new ordinary shares (“Shares”) at a price of 3.2 pence per share.
The Company has also issued 3,750,000 new ordinary shares at a price of 3.2 pence per share in settlement of fees totaling £120,000 due to third party consultants (“Fee Shares”).
Application will be made for the admission of the Shares and Fee Shares to trading on AIM and it is expected that dealings in the Shares will commence on or around 11 April 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 269,891,964. 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