Further Payment Arrangements for Licensing Agreement

21st November 2023

Further to the update of 2 November 2023, the Company is pleased to confirm that the appointed agent for the distribution began its proceedings on time, during the week commencing 13 November. Shareholders are reminded that the process takes around 5 weeks to complete.

Shareholders will be contacted by the agent to provide specific information in a timely fashion to enable payment. The agent’s portal has two level verification so you will need to provide your name, address, contact details and bank details. Further, you will need to select and complete the relevant IRS (US tax) forms as appropriate:

  • Form W-9 – US entity (US company or trust) or US citizen or resident
  • Form W-BEN – Foreign individual – ie non-US citizen or resident
  • Form W-8BEN-E – Foreign corporation or Foreign Trust

There is a support desk on the agent portal for questions.

Those holding shares via investment platforms will be contacted directly by the relevant investment platform.

The Company will continue to update shareholders during this specific period.

The Company remains under strict non-disclosure agreements. All further updates will be published on www.cloudtag.com.