Sign up UNITED KINGDOM
Proactive Investors - Run By Investors For Investors

CloudTag issues shares at a premium

Not many companies manage to issue new shares at a premium to the prevailing market price
CloudTag issues shares at a premium
Spreadex Limited holds 20.82% on behalf of itself and discretionary clients, it was revealed today

Health-focused wearable technology developer CloudTag Inc (LON:CTAG) has raised £228,000 through the issue of shares at a premium to last night's closing mid-market price.

The company has issued 7.6mln shares at 3p a pop, prompting the shares to rise 9.5% on Wednesday morning to 3.01p.

CloudTag's shares closed at 2,75p on Tuesday.

Following the issue of the shares, the total number of ordinary shares in issue is 253,778,729, and of these Spreadex Limited holds 20.82% on behalf of itself and discretionary clients, it was revealed today.

The share issue follows a fund-raising earlier this month in which CloudTag responded to strong demand for its shares by issuing an additional 2.6mln shares to Spreadex at 2.5p each, raising £65,000 in the process to add to the £215,000 raised at the end of February through the issue of shares at 1.84p each.

View full CTAG profile View Profile

CloudTag Inc Timeline

Big Picture
January 17 2017

Related Articles

people playing video games
July 27 2017
Computer games services supplier now worth almost £600mln
eSports player at a Gfinity event
August 01 2017
eSports are tipped to generate more than £1bn a year in a global revenue by 2020, while audience numbers are set to go through the roof too
1505724201_learningtechnology.jpg
September 18 2017
Broker Numis thinks the benefits of the NetDimensions deal will be felt in the fourth quarter

© Proactive Investors 2017

Proactive Investor UK Limited, trading as “Proactiveinvestors United Kingdom”, is Authorised and regulated by the Financial Conduct Authority.
Registered in England with Company Registration number 05639690. Group VAT registration number 872070825 FCA Registration number 559082. You can contact us here.

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use