Cloudcall Group PLC Result of Placing (5187O)
30 January 2019 - 7:41PM
UK Regulatory
TIDMCALL
RNS Number : 5187O
Cloudcall Group PLC
30 January 2019
THIS ANNOUNCEMENT (INCLUDING THE APPENDIX) (TOGETHER, THE
"ANNOUNCEMENT") AND THE INFORMATION CONTAINED HEREIN IS RESTRICTED
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PART, DIRECTLY OR INDIRECTLY, IN, INTO OR FROM THE UNITED STATES,
AUSTRALIA, CANADA, JAPAN, THE REPUBLIC OF SOUTH AFRICA OR ANY OTHER
JURISDICTION IN WHICH SUCH RELEASE, PUBLICATION OR DISTRIBUTION
WOULD BE UNLAWFUL.
THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES
OF THE MARKET ABUSE REGULATION (596/2014/EU) ("MAR"). IN ADDITION,
MARKET SOUNDINGS (AS DEFINED IN MAR) WERE TAKEN IN RESPECT OF
CERTAIN OF THE MATTERS CONTAINED IN THIS ANNOUNCEMENT, WITH THE
RESULT THAT CERTAIN PERSONS BECAME AWARE OF SUCH INSIDE
INFORMATION, AS PERMITTED BY MAR. UPON THE PUBLICATION OF THIS
ANNOUNCEMENT, THIS INSIDE INFORMATION IS NOW CONSIDERED TO BE IN
THE PUBLIC DOMAIN AND SUCH PERSONS SHALL THEREFORE CEASE TO BE IN
POSSESSION OF INSIDE INFORMATION.
30 January 2019
Cloudcall Group plc
("Cloudcall" or the "Company")
Result of Placing
CloudCall Group plc (AIM: CALL), a leading cloud-based software
business that integrates communications technology into Customer
Relationship Management ("CRM") platforms announces the completion
of the Placing which was announced earlier today.
The Company has raised a total of GBP2.4 million (before
expenses) through a placing of 2,400,000 New Ordinary Shares,
representing approximately 9.9 per cent of the existing issued
ordinary share capital of the Company.
Arden Partners plc acted as sole broker and sole bookrunner to
the Company in connection with the Placing.
Simon, Chief Executive Officer of Cloudcall, commented:
"Having spoken to shareholders following our Capital Market's
day, the Board took the decision to strengthen the balance sheet
and free up a little more capital to continue building its new
product sales and marketing capabilities. I'm delighted that the
placing has been so successful and materially oversubscribed. Now
that the process is completed, I am looking forward to continuing
the growth of the business from a position of greater
strength."
Issue of Equity and Total Voting Rights
Application has been made to the London Stock Exchange for the
New Ordinary Shares to be admitted to trading on AIM. It is
expected that Admission will become effective and that dealings in
the new ordinary shares on AIM will commence at 8:00 a.m. on 5
February 2019.
Following Admission, the Company will have 26,581,062 ordinary
shares in issue. No ordinary shares are held in treasury. The total
number of voting rights in the Company is therefore 26,581,062. The
above 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 to their
interest in, the share capital of the Company under the FCA's
Disclosure Guidance and Transparency Rules.
Capitalised terms used but not defined in this announcement have
the same meanings as defined in the Company's announcement earlier
today regarding the Placing.
This announcement contains inside information for the purposes
of Article 7 of EU Regulation 596/2014. Upon the publication of
this announcement, this inside information is now considered to be
in the public domain.
ENDS
For further information please contact:CloudCall Group plc Tel: +44 (0)20 3587
Simon Cleaver, Chief Executive Officer 7188
Paul Williams, Chief Financial Officer
Cenkos Securities (Nominated Adviser and Tel: +44 (0)20 7397
Joint Broker) 8900
Stephen Keys / Callum Davidson / Nick Searle
Arden Partners plc (Joint Broker) Tel: +44 (0) 20 7614
Steve Douglas / Ciaran Walsh / Dan Gee-Summons 5900
About CloudCall Group Plc
CloudCall is a software and unified communications business that
has developed and provides a suite of cloud-based software and
communications products and services. CloudCall's products and
services are aimed at enabling organisations to leverage their
customer data to enable more effective communications.
The CloudCall suite of software products allows companies to
fully integrate telephony and messaging capability into their
customer relationship management ("CRM") software, enabling
communications to be made, recorded, logged and categorised from
within the CRM system with detailed activity reporting and powerful
business intelligence capable of being easily generated.
At the end of December 2018, the Company had approximately 150
staff based predominantly in Leicester and London (UK), Boston (US)
and Minsk (BY), with just over 31,000 end-users relying on
CloudCall technology to power their daily communications.
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contact rns@lseg.com or visit www.rns.com.
END
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