CloudTag Inc. Further re Tranche 2 Notes (1263T)
03 Januar 2017 - 8:00AM
UK Regulatory
TIDMCTAG
RNS Number : 1263T
CloudTag Inc.
03 January 2017
3 January 2017
CloudTag Inc.
("CloudTag" or the "Company")
Notice of drawdown issued in respect of second part of the
Tranche 2 Notes
CloudTag (CTAG:LN), the company that brings personal monitoring
to the wellbeing, fitness and digital health markets, confirms that
after business hours on 30 December 2016 it issued to L1 a Notice
of Drawdown for the remainder of the second part of the Tranche 2
Notes being GBP1 million of nominal value of which the Company
expects to receive GBP850,000 net of expenses. Under the terms of
the Notes, 2 business days' notice is required prior to the funds
being due to the Company following which the Notes will be issued
to L1. A further announcement will be made when the funds are
received and the Notes issued.
Definitions used in this notification are taken from the
Company's announcement dated 7 November 2016 and the Company's
circular to shareholders dated 24 November 2016.
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
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