TIDMCBUY

RNS Number : 3822F

Cloudbuy PLC

29 October 2018

cloudBuy plc

("cloudBuy" or the "Company")

Fifth Interest Payment

cloudBuy, the global provider of cloud-based eCommerce marketplaces and B2B buyer and supplier solutions, announces that pursuant to the Financing announced on 24 March 2016 (Existing Loan Notes) (as defined therein), with effect from 26 October 2018, the fifth interest payment to be made to Roberto Sella has fallen due, and in accordance with the terms of the interest bearing loan note instrument dated 8 April 2016, has issued 25,305 convertible and 44,445 non-convertible loan notes of GBP1 each to Robert Sella.

As at 29 October 2018 following the issue of these notes, and including 1,719,751 New CLS, Roberto Sella held the following convertible and non-convertible loan notes:

 
                Convertible loan  Non-convertible 
                 notes             loan notes 
Roberto Sella   5,997,716          1,762,563

The following details are required to be disclosed to comply with the conditions of The Takeover Code pursuant to the Financing. Mike Pasternak who is a director of cloudBuy is deemed to be acting in concert with Roberto Sella for the purposes of the Takeover Code.

As at 29 October 2018, the holdings of Roberto Sella and Mike Pasternak are as follows:

 
 Shareholder     Interest in issued share    Percentage interest in     Total interest on the       Percentage 
                 capital on 29 October 2018  issued share capital on    basis                        total assuming 
                                             29 October 2018            that the further             no other ordinary 
                                                                        GBP1,700,000                 shares are 
                                                                        New CLS available under      issued 
                                                                        the facility are issued 
                                                                        in the future and all CLS 
                                                                        including PIK notes are 
                                                                        converted immediately 
                                                                        before 
                                                                        their final redemption 
                                                                        date (10 years after 
                                                                        issue) 
Roberto Sella    14,700,000                  11.27%                     301,204,965                  72.24% 
Mike Pasternak    2,150,000                   1.65%                     2,150,000                     0.52% 
Total            16,850,000                   12.92%                    303,354,965                  72.76%

For further information, please contact:

 
  cloudBuy plc 
 
   David Gibbon, CFO              Tel: 0118 963 7000 
 
  Arden Partners plc - NOMAD    Tel: 020 7614 5900 
   and broker 
  Paul Shackleton

About cloudBuy plc

cloudBuy, (AIM: CBUY), provides cloud solutions for buyers and sellers - and brings them together to trade securely and ethically via an increasing number of public eMarketplaces and private purchasing portals around the world, powered by cloudBuy technology. cloudBuy solutions for buyers help B2B purchasers understand and control their spend, to reduce costs and increase value. Our cloudSell solutions enable sellers of all sizes, from startups to corporates, reach new customers and grow their business.

cloudBuy's technology platform powers web sites, public marketplaces and private purchasing portals that enable all types of online interactions and relationships including, citizen and business to government; consumer to business; and business to business.

For more information, visit: www.cloudbuy.com .

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

END

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October 29, 2018 03:00 ET (07:00 GMT)

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