2nd November 2023
2nd November 2023
Further to the update of 20 October 2023, the Company reconfirms that there are two separate deals. The first is for its licensing agreement and the second will consist of proceeds from the DaaP sale. The Company is pleased to herewith confirm details for the distribution of the first payment tranche to shareholders for its $50m licensing agreement.
The appointed agent will commence the distribution process during the week commencing 13 November. Thereafter, shareholders will be contacted either directly by the agent or by their investment platforms. Payment will be made to nominated shareholder bank accounts and investment platforms 4 to 5 weeks after the process commences.
The Company remains under strict non-disclosure agreements. All further updates will be published on www.cloudtag.com.