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New investor - 23 July 2015
cloudBuy plc also announces that Roberto M. Sella and affiliates has become a significant investor in the Company. Mr Sella has entered into a subscription agreement effective 23 July 2015 with the Company under which he is subscribing for 5,000,000 new shares at 20p for a total consideration of GBP1 million (the "Subscription").
As a result of the Subscription and market purchases announced on 22 July 2015, Mr Sella is the beneficial owner of 10,675,000 shares, representing 8.3% of the issued share capital.
Roberto M. Sella is an accredited USA investor who is investing on a personal basis. He is Managing Member of LL Funds LLC with $1.5bn under management and is a former Managing Director at Morgan Stanley.
Application will be made for the admission to trading on AIM ("Admission") of the 5,000,000 Shares detailed above, and Admission is expected to occur on 29 July 2015.
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INDIA POISED TO FLOOD NEW EPROCUREMENT PORTA
8:11 AM EDT August 19th, 2015
Cloud-based eProcurement firm cloudBuy is anticipating high volume over its platform from India businesses — to the tune of billions of dollars. Reports published in The Economic Times of India on Tuesday (Aug. 18) said the U.K.-based company expects between $3 billion and $5 billion worth of B2B transactions in the near future stemming from businesses in the Asian country.
According to reports, cloudBuy has seen significant interest from corporations in India, both from members of the Confederation of Indian Industry (CII) and elsewhere. The CII and cloudBuy recent struck a collaboration to launch a B2B eCommerce portal in India in an effort to strengthen global trade.
“We at cloudBuy expect transactions worth $3–5 billion on this platform in the near term based on the initial response not only from the CII members but also from the non-member trade community,” said cloudBuy India Head Nilesh Gopali in a statement to the publication.
The CII currently includes about 8,000 members, reports said, and together these businesses account for about $80 billion in annual revenue. CII’s partnership with cloudBuy provides these companies a portal through which buyers and sellers can connect and transact thanks to several online B2B marketplaces powered by cloudBuy technology.
The service’s popularity could be attributed to its ability to serve India’s businesses like consumers, according to Gopali.
“Unlike a B2C online place, corporate purchases are done in a controlled environment without compromising on their ERP solutions,” Gopali said. “We have received enquiries from several large Indian corporates to establish a secured façade or solution between their ERP and a B2B online marketplace to provide a dynamic B2C-style experience to meet their procurement needs.”
According to Gopali, Indian corporations can save significant funds by conducting their procurement online. The nation’s manufacturers alone could increase operating profits by up to 20 percent, he added, if each saved just 5 percent through eProcurement methods.
hTTp://www.pymnts.com/news/b2b-payments/2015/india-poised-to-flood-new-eprocurement-portal/#.VdUCpPlViko
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Ordinary shares of 1p each | 128,386,510 | 100% |
Insofar as the Directors are aware the percentage of shares not in public hands and details of significant shareholders are as follows: | ||
Percentage of shares not in public hands: | 28.09% |
As at 14th October 2015 the Company had been notified under the Disclosure and Transparency Rules of the following interests of 3% or more in its issued share capital:
RJ Duncan & HL Duncan | 18,487,981* | 15.0% |
Roberto M. Sella | 12,800,000 | 9.97% |
Majedie Asset Management | 5,700,000 | 4.44% |
DJ Holloway | 8,842,181 | 4.37% |
ML Pasternak | 6,350,000 | 5.24% |
Herald Investment Management | 4,994,986 | 4.12% |
* The interests shown for RJ and HL Duncan include a joint holding in 14,783,404 shares
http://investor.cloudbuy.com/investor-information.html note - just noticed..............DJ Holloway - 8,842,181 - 4.37% wrong should be 6.88%