3 Jan 2017 07:00
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 8469investors@cloudtag.com |
Cairn Financial Advisers LLP (Nominated Adviser) Liam Murray / Jo Turner | +44 (0) 20 7213 0880 |