Inactive Instrument

CloudBuy plc

Equities

GB00B09Y8Y28

Cloudbuy : Director Dealing

November 03, 2014 at 07:06 am EST

RNS Number : 4147V
Cloudbuy PLC
27 October 2014

cloudBuy plc
("cloudBuy" or the "Company")

Director Dealing

cloudBuy plc (AIM: CBUY), the cloud eCommerce marketplace, announces that it was notified on 27 October 2014 that Ronald Duncan, Chairman of cloudBuy, has agreed to pledge up to 4,500,000 ordinary shares of 1 penny each in the Company ("Ordinary Shares") as security for a loan facility in connection with his house move.

There is no change to Mr Duncan's beneficial interest in the Company as a result of this agreement, which remains at 21,023,624 Ordinary Shares representing 17.53 per cent of the Company's issued share capital.

The shares will be returned to Mr Duncan when the loan is repaid at the end of the three year term. Under the terms of the facility the lender is contractually prohibited from short selling, lending or voting the shares during the term of the loan.

ENDS

For further information, please contact:

cloudBuy plc

Ronald Duncan, Chairman

Tel: 0118 963 7000

Westhouse Securities Limited

Tom Griffiths/Richard Johnson

Tel: 020 7601 6100

Newgate Threadneedle

Caroline Forde/Robyn McConnachie/Alex White

Tel 020 7653 9850

About cloudBuy PLC

cloudBuy, formerly @UK, is a world-leading transactional cloud platform.

cloudBuy has used the platform to build world-leading business to business (B2B) ecommerce and e-procurement applications, which address the full range of buying and selling activities in an easy-to-use web and mobile digital experience. The platform is also used to build complementary applications such as content management, secure email and big data analysis.

To date, the applications have processed over $500 billion of spend, and are being used by leading organisations around the world to deliver savings, increase profits and improve services.

The applications are unique in delivering correct pricing in the complex world of B2B procurement, whilst being simple enough for anyone to use - to the extent that people with disabilities can easily use a Care marketplace version to buy their own social and health care.

For more information, visit www.cloudbuy.com

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

END

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Company Profile

cloudBuy plc is a provider of an integrated software platform for e-procurement and e-commerce for the trading of goods and services between purchasers, such as public sector bodies and their suppliers, along with the analysis and coding of spend and product data. The Company's operating segments include Company Formation Services, Web and ecommerce services and Coding International Limited. It also provides services to new businesses, including incorporation, company secretary services and filing annual returns, using its software platform. Its solutions include e-commerce Marketplaces, e-commerce Websites, Purchasing Portals, SpendInsight and Company formations. SpendInsight service provides regular analysis of any company's historical spend data. It offers a range of Website packages from templated solutions to Intranets and global business-to-business (B2B) e-commerce sites. The cloudBuy platform enables rapid extension of its solutions and development of new applications.

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