19th May 2017
CloudTag, the company that brings personal monitoring to the wellbeing, fitness and digital health markets, announces that further to the de-listing from AIM, the Crest Depository Interests (CDIs) have been cancelled and the ISIN has now been disabled in CREST and no further trade movements can be settled. Former CDI holders will be transferred to the Company’s share register held in Jersey and share certificates will be issued to those shareholders and dispatched within five business days. Any questions regarding this process should be made to the Company’s registrar, Computershare Investor Service (Cayman) Limited.
The Company wishes to confirm to shareholders that CT Technology Services Ltd is a UK-based service company with UK operations and employees. CloudTag Inc., the group’s parent company in which all shareholders hold equity remains the owner of all the Company’s Intellectual Property and the centre of the commercial activities and product research. The Company has recently reviewed its structure and the management requirements of all its subsidiaries and made amendments where necessary. The Board believe that it is in the best interests of all shareholders that Mr. Ben-Haim should focus his attention solely as CEO of CloudTag Inc. and delivering the Onitor Track product to market.
CloudTag is pleased to announce that it has received delivery of Onitor Track devices from its Manufacturing facility in Malaysia. These products are being delivered to its UK distributors and the US distributor with whom the Company is currently engaged and will be circulated.
CloudTag is also pleased to announce that David He, Chief Strategy and Data Officer will be representing CloudTag attending CES Shanghai on 7-9 June, during which meetings with potential partners will take place.
The Company will continue to provide updates to shareholders via the website with regards to Cloudtag’s product, operations and working capital.