3rd January 2017
CloudTag (CTAG:LN), the company that brings personal monitoring to the wellbeing, fitness and digital health markets announces that, further to the announcement of 3 January 2017 stating that it had issued a drawdown notice in respect of £1 million nominal of Tranche 2 Notes, it has now received net proceeds of £0.85 million taking into account costs of £0.05 million). Accordingly, £1,000,000 (at nominal value) of the Tranche 2 Notes have today been issued to L1 Capital Global Opportunities Master Fund.
CloudTag has now fully drawn down against the £4.05 million funding facility notified to shareholders in the announcement made on 7 November 2016 and has issued all Notes in respect of that facility.
Definitions used in this notification are taken from the Company’s announcement dated 7 November 2016 and the Company’s circular to shareholders dated 24 November 2016.
This announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014.
Cairn Financial Advisers LLP (Nominated Adviser) – Liam Murray / Jo Turner +44 (0) 20 7213 0880