Business
Director Subscription
CloudCoCo Group plc announced that its Chairman and his wife have conditionally subscribed for 175,000,000 new ordinary shares at 0.12 pence per share, raising £0.21 million before expenses. This Director Subscription, expected to complete around April 2, 2026, brings the total conditionally raised to £0.275 million. Following admission, the Chairman will hold 122,766,667 shares representing 13.12% of the enlarged share capital, and his wife will hold 75,183,333 shares representing 8.04%. The company's total voting rights will be 935,382,352 upon admission. Disclaimer*
About this update from Cloudcoco Group Plc
1 April 2026 CloudCoCo Group plc ("CloudCoCo" or the "Company") Director Subscription CloudCoCo Group plc (AIM: CLCO) announces that further to the proposed subscription announced on 10 March 2026 (the "Subscription"), the Chairman and his wife have now conditionally subscribed for, in aggregate, 175,000,000 new ordinary shares of 0.01 pence each in the Company ("Ordinary Shares") at an issue price of 0.12 pence per new Ordinary Share (the "Director Subscription"). The Director Subscription is expected to complete alongside the Subscription on or around 2 April 2026 ("Admission"). The Director Subscription will raise £0.21 million (before expenses) for the Company and together with the subscription of 54,166,666 new Ordinary Shares announced on 10 March 2026, in aggregate £0.275 million (before expenses) has been conditionally raised for the Company. On completion of the Director Subscription, the shareholdings in the Company of Simon and Lady Duckworth will be as follows: Director/shareholder Position New Ordinary Shares being subscribed for Total Ordinary Shares held on Admission Percentage of enlarged share capital on Admission Simon Duckworth Non-Executive Chairman 104,166,667 122,766,667 13.12% Lady Caroline Duckworth Wife of Simon Duckworth 70,833,333 75,183,333 8.04% The participation in the Subscription by Simon Duckworth and Lady Caroline Duckworth is deemed to be a related party transaction pursuant to rule 13 of the AIM Rules for Companies. Accordingly, Darron Giddens (being the Directors not taking part in the Subscription) considers, having consulted with the Company's nominated adviser, Allenby Capital, that the terms of the Director Subscription are fair and reasonable insofar as the Company's Shareholders are concerned. Admission to AIM Application has been made to the London Stock Exchange plc for admission of the 229,166,666 Subscription Shares to trading on AIM ("Admission"). It is expected that Admission will become effective and dealings in the Subscription Shares will commence at 8.00 a.m. on or around 2 April 2026 (or such later time and/or date as the Company may agree). Total voting rights Immediately following Admission, the Company will have 935,382,352 Ordinary Shares of 0.1p each in issue, each with one voting right. The...
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