CloudTag raise money at a 15% premium

CloudTag (CTAG:LN), the company that brings personal monitoring to the health, wellbeing and fitness markets, has told DirectorsTalk that it has raised a further GBP225,400 through the issue of 7,000,000 new ordinary shares at a price of 3.22 pence per share, representing a premium of 15 per cent. over the mid-market closing price on 18 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 29 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 260,778,729. 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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