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Further re Tranche 2 Notes

Tue, 3rd Jan 2017 07:00

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 £1 million of nominal value of which the Company expects to receive £850,000 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.

Amit Ben-Haim / Tony Reeves

+1 345 949 45 44

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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