TIDMCLCO

RNS Number : 5551K

Cloudcoco Group PLC

02 September 2021

2 September 2021

CloudCoCo Group plc

("CloudCoCo", the "Group" or the "Company")

Result of General Meeting, Director and other shareholdings,

a nd change to Total Voting Rights

Result of General Meeting

CloudCoCo (AIM: CLCO), a UK provider of IT and communications solutions to businesses and public sector organisations, is pleased to announce that at its general meeting held earlier today, all resolutions were duly passed.

Accordingly, pursuant to the Placing and Acquisition announced on 17 August 2021, the Placing Shares are expected to be admitted to trading on AIM tomorrow, 3 September 2021 ("Admission") to complete the Placing and acquisition of Systems Assurance Group.

Details of the Placing and Acquisition were announced by CloudCoCo on 17 August 2021 and defined terms used in this announcement have the same meaning as those set out in that announcement.

Director Shareholdings

On completion of the Placing on Admission, the shareholdings of the Directors of the Company will be as follows:

 
 Director             No. of Placing   New total shareholding   Percentage of 
                     Shares acquired                             issued share 
                                                                 capital held 
                                                                 on Admission 
 Mark Halpin                       0              140,713,578           19.93 
                   -----------------  -----------------------  -------------- 
 Andrew Mills                      0               32,724,088            4.63 
                   -----------------  -----------------------  -------------- 
 Simon Duckworth          12,000,000               21,500,000            3.04 
                   -----------------  -----------------------  -------------- 
 Darron Giddens                    0                2,946,150            0.42 
                   -----------------  -----------------------  -------------- 
 Jill Collighan                    0                        0               0 
                   -----------------  -----------------------  --------------

Significant Shareholdings

The Company has been notified that on Admission, and as a result of dilution from the Placing, MXC Capital Limited's shareholding in the Company will remain unchanged at 75,066,275 Ordinary Shares but will then represent approximately 10.6% of the total voting rights in the Company.

The Company has also been notified that on Admission, and as a result of dilution from the Placing, Darren and Michelle Weston's shareholding in the Company will remain unchanged at 33,726,297 Ordinary Shares but will then represent approximately 4.78% of the total voting rights in the Company.

In addition, on Admission, Graham Collinson and Robert Powell will no longer have a notifiable interest in Ordinary Shares in the Company.

Total Voting Rights

On Admission, the Company's total issued share capital will consist of 706,215,686 Ordinary Shares, with one voting right per share. The Company does not hold any shares in treasury. Therefore, the total number of Ordinary Shares and voting rights in the Company will be 706,215,686 from Admission. This figure may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change in their interest in, the share capital of the Company pursuant to the FCA's Disclosure Guidance and Transparency Rules.

Contacts:

 
 CloudCoCo Group plc                                     Via Alma PR 
  Mark Halpin (CEO) 
  Darron Giddens (CFO) 
 Allenby Capital Limited - (Nominated            Tel: +44 (0)20 3328 
  Adviser & Broker)                                             5656 
  Jeremy Porter / James Reeve - Corporate 
  Finance 
  Tony Quirke / Amrit Nahal - Equity 
  Sales 
 Alma PR - (Financial PR)                        Tel: +44 (0)20 3405 
  David Ison                                                    0205 
  Josh Royston                                cloudcoco@almapr.co.uk 
  Kieran Breheny

About CloudCoCo Group plc

Supported by a team of industry experts and harnessing a diverse ecosystem of partnerships with blue-chip technology vendors, CloudCoCo makes it easy for businesses and public sector organisations to work smarter, faster and more securely by providing a single point of purchase for their connectivity, telephony, cyber security, cloud, IT hardware and support needs.

CloudCoCo has offices in Warrington and Leeds in the UK.

www.cloudcoco.co.uk

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END

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September 02, 2021 06:42 ET (10:42 GMT)

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