CloudTag raise funds today “above” current share price

CloudTag (CTAG:LN), the company that brings personal monitoring to the health, wellbeing and fitness markets, has just told DirectorsTalk that it has raised a further GBP228,000 through the issue of 7,600,000 new ordinary shares at a price of 3.0 pence per share, representing a premium of 9 per cent. over the mid-market closing price on 15 March 2016.

Application will be made for the admission of the Shares to trading on AIM and it is expected that dealings in the Shares will commence on or around 22 March 2016. The Shares will rank pari passu with the Company’s existing ordinary shares.

Following the issue of the Shares, the tota-l number of ordinary shares in issue is 253,778,729. 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.

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