11th 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 £171,430 with a new investor through the issue of 5,357,143 new ordinary shares (“Shares”) at a price of 3.2 pence per share, representing a premium of 12.3 per cent. over the mid-market closing price of 2.85 pence per share on 8 April 2016.
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 14 April 2016. The Shares will rank pari passu with the Company’s existing ordinary shares.
Following the issue of the Shares, the tota¬l number of ordinary shares in issue is 275,249,107. 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.