CTAG Cloudtag

TIDMCTAG

RNS Number : 3989U

CloudTag Inc.

17 January 2017

17 January 2017

CloudTag Inc.

("CloudTag" or the "Company")

Exercise of Warrants - Receipt of Gross Proceeds

and Issue of Equity

CloudTag (CTAG:LN), the company that brings personal monitoring to the wellbeing, fitness and digital health markets confirms that, further to the announcement made earlier today, it has received gross proceeds of GBP173,076.92 in respect of the warrant exercise notice received from L1 on 16 January 2017.

Consequently, the Company has issued and allotted, subject to Admission to AIM, 2,884,615 Warrant Shares to L1. The Warrant Shares rank pari passu with the existing ordinary shares. Application has been made for Warrant Shares to be admitted to trading to AIM on or around 23 January 2017.

Following the issue of the Warrant Shares and the Conversion Shares issued earlier today, the total number of ordinary shares in issue will be 430,327,137. 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.

Definitions used in this announcement are taken from the Company's announcement released at 7.00am on 17 January 2017 unless otherwise stated.

This announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014.

 
 CloudTag Inc.                   +1 345 949 45 44 
  Amit Ben-Haim / Tony Reeves     contact@cloudtag.com 
 UK Investor Relations           +44 (0) 20 7052 8469 
                                  investors@cloudtag.com 
 Cairn Financial Advisers 
  LLP (Nominated Adviser) 
  Liam Murray / Jo Turner        +44 (0) 20 7213 0880 
 

This information is provided by RNS

The company news service from the London Stock Exchange

END

IOEUBUNRBKAAAAR

(END) Dow Jones Newswires

January 17, 2017 11:31 ET (16:31 GMT)

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