REG - Cloudcoco Group PLC - Director Subscription

CloudcocoAnnouncement

01/04/2026 13:15

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RNS Number : 1098Z  Cloudcoco Group PLC  01 April 2026

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.  There are no
shares held in treasury. Therefore, the Company's total number of Ordinary
Shares in issue and voting rights will be 935,382,352 and this figure may be
used by shareholders from Admission 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 Company under the FCA's Disclosure Guidance
and Transparency Rules.

 

The FCA notification table in respect of these director dealings, made in
accordance with the requirements of UK MAR, is appended further below.

 

Unless otherwise defined, definitions contained in this announcement have the
same meaning as set out in the announcement made by the Company on 10 March
2026 at 6:30 P.M.

 

Contacts:

 

 CloudCoCo Group plc                                          Tel: +44 (0) 114 292 2930

 Simon Duckworth (Chairman)

Darron Giddens (CFO)

Peter Nailer (Managing Director)

 Allenby Capital Limited - (Nominated Adviser & Broker)       Tel: +44 (0)20 3328 5656

 Jeremy Porter / Vivek Bhardwaj - Corporate Finance

Tony Quirke / Amrit Nahal - Equity Sales

 

 

About CloudCoCo

 

CloudCoCo is a streamlined, growth-focused technology group specialising in
e-commerce and IT procurement business based in Sheffield. Combining expert IT
procurement solutions through Systems Assurance with the scalable e-commerce
capabilities of MoreCoCo (www.morecoco.co.uk (http://www.morecoco.co.uk) ),
helping organisations deliver enhanced efficiency, security, and agility.
Backed by strong vendor partnerships and a team of industry specialists, we
deliver tailored solutions and next-day access to hundreds of thousands of IT
products.

www.cloudcoco.co.uk (http://www.cloudcoco.co.uk)

 

Director/PDMR UK MAR disclosures

 

The following notification, made in accordance with the requirements of the UK
Market Abuse Regulation, gives further details.

 

 1     Details of the person discharging managerial responsibilities / person closely
       associated
 a)    Name                                                           Simon Duckworth

 2     Reason for the notification
 a)    Position/status                                                Non-Executive Chairman

 b)    Initial notification /Amendment                                Initial notification
 3     Details of the issuer, emission allowance market participant, auction
       platform, auctioneer or auction monitor
 a)    Name                                                           CloudCoCo Group Plc
 b)    LEI                                                            213800D4GJKAFHT5TB32
 4     Details of the transaction(s): section to be repeated for (i) each type of

     instrument; (ii) each type of transaction; (iii) each date; and (iv) each
       place where transactions have been conducted
 a)    Description of the financial instrument, type of instrument    Ordinary shares of 0.01p each in CloudCoCo Group Plc

       Identification code

                                                                      Identification code (ISIN) for CloudCoCo Group Plc ordinary shares of 0.01
                                                                      pence each: GB00B8GRBX01
 b)    Nature of the transaction                                      Purchase of ordinary shares
 c)    Price(s) and volume(s)                                         Price: 0.12p

                                                                      Volume: 104,166,667
 d)    Aggregated information:                                        N/A

       -      Aggregated volume

       -      Price
 e)    Date of the transaction                                        1 April 2026
 f)    Place of the transaction                                       Outside a trading Venue

 

 1.    Details of the person discharging managerial responsibilities / person closely
       associated
 a)    Name                                                                        Lady Caroline Duckworth

 2.    Reason for the Notification
 a)    Position/status                                                             person closely associated to Simon Duckworth (a PDMR)
 b)    Initial notification/Amendment                                              Initial notification
 3.    Details of the issuer, emission allowance market participant, auction
       platform, auctioneer or auction monitor
 a)    Name                                                                        CloudCoCo Group plc
 b)    LEI                                                                         213800D4GJKAFHT5TB32
 4.    Details of the transaction(s): section to be repeated for (i) each type of
       instrument; (ii) each type of transaction; (iii) each date; and (iv) each
       place where transactions have been conducted
 a)    Description of the Financial instrument, type of instrument Identification
       code

                                                                                   Ordinary shares of 0.01p each in CloudCoCo Group Plc

                                                                                   Identification code (ISIN) for CloudCoCo Group Plc ordinary shares of 0.01
                                                                                   pence each: GB00B8GRBX01
 b)    Nature of the transaction                                                   Purchase of ordinary shares
 c)    Price(s) and volume(s)                                                      Price: 0.12p

                                                                                   Volume: 70,833,333

 d)    Aggregated information:                                                     N/A

       ·Aggregated volume

       ·Price
 e)    Date of the transaction                                                     1 April 2026
 f)    Place of the transaction                                                    Outside a trading venue

 

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