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Further re Director's dealing

2 Sep 2015 16:45

RNS Number : 9035X
Cloudbuy PLC
02 September 2015
 

cloudBuy plc

("cloudBuy" or "The Company")

 

Further re Director dealing

Further to the Company's announcements of 12 November 2014 and 27 November 2014, Ronald Duncan, Chairman of the Company, has notified the Company that he has agreed with Equities First Holdings LLC ("EFH") to provide cash cover to satisfy today's margin call event due to the average closing share price of the Company over the past 3 business days falling below 19.57p. The share sale and repurchase agreement between EFH, Mr Duncan and the Company dated 27 October 2014 remains in effect and Mr Duncan's interests in the Company's issued share capital are unchanged by the margin call event.

 

 cloudBuy plc

Ronald Duncan, Executive Chairman

David Gibbon, CFO

 

Tel: 0118 963 7000

Westhouse Securities Limited

Tom Griffiths/Richard Johnson

 

Tel: 020 7601 6100

Alma PR

Josh Royston

 

Tel: 07780 901 979

Hilary Buchanan

Tel: 07515 805 218

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
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