logo-loader
viewCloudTag Inc

Cloudtag share subscription by Novum cancelled by mutual consent

The decision was taken after the adverse reaction to Friday’s announcement and after it emerged there had been a miscommunication relating to information disseminated about the placing.

Pound notes
The board is still considering its position in respect of further updates required under AIM rules

Novum and wearable technology developer Cloudtag Inc (LON:CTAG)  have mutually agreed to cancel and terminate the subscription agreement announced last week.

The decision was taken after the adverse reaction to Friday’s announcement and after it emerged there had been a miscommunication relating to information disseminated about the placing.

Trading in the shares of Cloudtag is currently suspended as its nominated adviser has resigned; in order to be listed on Aim, a company must have a nominated adviser (nomad).

Cloudtag has a month in which to find a new nomad, otherwise its listing on Aim will be cancelled.

Quick facts: CloudTag Inc

Price: - -

AIM:CTAG
Market: AIM
Market Cap: -
Follow

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

In exchange for publishing services rendered by the Company on behalf of CloudTag Inc named herein, including the promotion by the Company of CloudTag Inc in any Content on the Site, the Company receives from said...

FOR OUR FULL DISCLAIMER CLICK HERE

Watch

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

2 min read