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CloudTag races higher after placing shares at a premium

Published: 08:24 11 Apr 2016 BST

Joggers
CloudTag is bringing personal monitoring to the health, wellbeing and fitness markets

Shares in CloudTag (LON:CTAG:LN), the personal health and fitness monitoring technology firm , advanced in early deals Monday after it placed shares at a premium.

The company raised £171,430 with a new investor through the issue of 5.36mln shares at a price of 3.2 pence per share, representing a premium of 12.3% over the mid-market closing price of 2.85 pence per share on 8 April 2016.

The shares rose 4.9% to 2.99p in the first 15 minutes of trading after the placing was announced, lifting CloudTag's market capitalisation above the £8mln mark.


 

CloudTag Inc raises £580,000 to fund growth

Personal fitness monitoring device maker Cloudtag Inc (LON:CTAG) has raised £580,000 to help it bankroll rapid business growth. Cloudtag has generated the cash by issuing 10mln shares at a price of 5.8p per share, representing a premium of 5.45% to Tuesday's mid-market closing...

on 10/8/16