Business
Acquisition, Fundraising and Change of Adviser
Acquisition, Fundraising and Change of Adviser.
About this update from Cloudcoco Group Plc
[{"type":"text","content":"\n \n \n \n RNS Number : 8183I\n Cloudcoco Group PLC\n 17 August 2021\n \n \n \n \n THIS ANNOUNCEMENT AND THE INFORMATION CONTAINED HEREIN IS RESTRICTED AND IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN, INTO OR FROM THE UNITED STATES OF AMERICA, RUSSIA, CANADA, AUSTRALIA, THE REPUBLIC OF SOUTH AFRICA OR JAPAN OR ANY OTHER JURISDICTION IN WHICH SUCH RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL.\n \n \n \n \n \n THIS ANNOUNCEMENT IS FOR INFORMATION PURPOSES ONLY AND SHALL NOT CONSTITUTE AN OFFER TO SELL OR ISSUE OR THE SOLICITATION OF AN OFFER TO BUY, SUBSCRIBE FOR OR OTHERWISE ACQUIRE ANY ORDINARY SHARES OF CLOUDCOCO GROUP PLC.\n \n \n \n \n \n THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF ARTICLE 7 OF EU REGULATION 596/2014 (WHICH FORMS PART OF DOMESTIC UK LAW PURSUANT TO THE EUROPEAN UNION (WITHDRAWAL) ACT 2018 (\"EUWA\")) AS AMENDED BY THE MARKET ABUSE (AMENDMENT) (EU EXIT) REGULATIONS 2019/310 (UK MAR). IN ADDITION, MARKET SOUNDINGS (AS DEFINED IN UK MAR) WERE TAKEN IN RESPECT OF THE MATTERS CONTAINED IN THIS ANNOUNCEMENT, WITH THE RESULT THAT CERTAIN PERSONS PREVIOUSLY BECAME AWARE OF SUCH INSIDE INFORMATION. UPON THE PUBLICATION OF THIS ANNOUNCEMENT VIA A REGULATORY INFORMATION SERVICE, THIS INSIDE INFORMATION IS NOW CONSIDERED TO BE IN THE PUBLIC DOMAIN AND ALL SUCH PERSONS SHALL THEREFORE CEASE TO BE IN POSSESSION OF INSIDE INFORMATION.\n \n \n \n \n \n 17 August 2021\n \n \n \n \n \n CloudCoCo Group plc\n \n \n (\"CloudCoCo\", the \"Group\" or the \"Company\")\n \n \n \n \n \n Acquisition of Systems Assurance Limited, proposed fundraising of £2.1 million, Notice of General Meeting and change of Nominated Adviser and Broker\n \n \n \n \n \n CloudCoCo (AIM: CLCO), a UK provider of IT and communications solutions to businesses and public sector organisations, is pleased to announce the proposed acquisition of\n the entire issued share capital of Systems Assurance Limited (\"Systems Assurance\"), an IT group comprising a B2B value-added reseller (\"VAR\") and an automated cloud-based VAR and IT managed service provider, and a proposed fundraising of £2.1 million before expenses through a conditional Placing.\n \n \n \n \n \n Acquisition highlights\n \n \n \n \n \n · \n The net consideration ...