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cloudBuy issues convertible loan notes as it makes final draw-down on facility

Were all the convertible loan notes issued to Roberto Sella converted, he would have a 42.9% stake in the company.

e-commerce marketplace
Sella owns 5.84mln loan notes, of which 4.2mln are convertible

cloudBuy PLC (LON:CBUY), the global provider of cloud-based eCommerce marketplaces, has drawn down the final £1.48mln of its £5.75mln loan note financing.

The draw-down necessitated the issue of 535,462 convertible and 940,238 non-convertible loan notes of £1 each to Robert Sella.

In the event that all the convertible loan notes issued to Roberto Sella are converted, he would have a 42.9% stake in the company.

Quick facts: Cloudbuy PLC

Price: 2.15 GBX

AIM:CBUY
Market: AIM
Market Cap: £2.8 m
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on 12/12/17

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