Business
Proposed Subscription, Capital Reorg & GM Notice
CloudCoCo Group plc is proposing to raise approximately £0.275 million in growth capital through an equity fundraising to accelerate its B2B strategy via "Project Brightstar," aiming for revenue growth beyond £15 million within three years. This initiative includes a proposed investment of £0.21 million from the Chairman and a capital reorganisation to adjust the nominal value of existing ordinary shares, enabling the issuance of new shares at 0.12 pence each. The company also plans to enhance margins and scalability through increased direct sales and automation, with FY25 revenues expected to reach at least £8.0 million, exiting the year at an annualised run-rate approaching £10 million. A General Meeting is scheduled for March 27, 2026, to seek shareholder approval for these proposals. Disclaimer*
About this update from Cloudcoco Group Plc
The information contained within this announcement is deemed by CloudCoCo to constitute inside information pursuant to Article 7 of EU Regulation 596/2014 as it forms part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018 as amended. Upon the publication of this announcement via a Regulatory Information Service, this inside information is now considered to be in the public domain. 10 March 2026 CloudCoCo Group plc ("CloudCoCo", the "Company" or the "Group") Proposed Equity Fundraising to accelerate growth, Capital Reorganisation and Notice of General Meeting CloudCoCo (AIM: CLCO), the Sheffield-based e-commerce and IT procurement group delivering tailored, next-day IT solutions through its Systems Assurance and MoreCoCo divisions, announces its intention to raise approximately £0.275 million, alongside a proposed Capital Reorganisation to amend the nominal value of the Company's existing ordinary shares, subject to, inter alia, Shareholder approval at the forthcoming General Meeting. Highlights · Proposed raise of £0.275 million of growth capital to launch Project Brightstar, a strategic initiative to enhance the Group's position in the B2B market by leveraging its established digital commerce and IT procurement capabilities. · Proposed investment from the Chairman of £0.21 million. · Accelerated revenue growth strategy targeting growth beyond the Group's combined initial revenue objective of at least £15 million within three years, driven by expanded B2B engagement, improved direct customer acquisition and growth in higher-value revenue streams with a focus on mid-sized enterprises. · Margin and scalability enhancement programme underway, focused on increasing direct and alternative e-commerce marketplace sales and investing in automation and AI-enabled tools to support increased transaction volumes with minimal incremental headcount. · A circular with details of the Proposals and notice of a General Meeting to be held on 27 March 2026 will be sent to Shareholders tomorrow (the "Circular") and will be available on the Company's website tomorrow. Simon Duckworth, Non-Executive Chairman, commented: "...
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