REG - Cloudified Holdings - Director Appointments & Completion of Subscription

Cloudified HoldingsAnnouncement

14/11/2024 07:00

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RNS Number : 1675M  Cloudified Holdings Limited  14 November 2024

14 November 2024

Cloudified Holdings Limited

("Cloudified" or the "Company")

 

Director Appointments, completion of the Subscription &

Total Voting Rights

 

Cloudified, an AIM quoted cash shell is pleased to announce the appointment
of Othman Shoukat Majid and Richard Collett as directors to the Board with
immediate effect.

 

Othman is a seasoned corporate financier and private equity professional with
extensive experience in M&A and strategic advisory, specialising in the
consumer, sports, entertainment, and leisure sectors. Othman is a Director of
Salonica GP Limited which provides fund management services. Before joining
Salonica in 2016, Othman spent nearly a decade at KPMG in London, where he
advised clients on high-profile mergers and acquisitions as part of the deal
advisory team. Starting his career at KPMG in 2007, he qualified as a
Chartered Accountant. Othman holds a BSc from Bayes Business School and a
Master of Studies (MSt) from the University of Cambridge. Othman is not
considered an independent director.

 

Richard brings a wealth of financial expertise and experience from various
sectors, including corporate finance, operational management, and compliance.
Richard is currently Chief Financial Officer, and Director, at main market
listed World Chess Plc. His career includes roles as COO at Ellwood Atfield
Ltd, Head of Finance at Ten Group, where he oversaw finance, legal, and
compliance matters, and as Client Finance Director at FD Solutions, providing
financial advisory services to SMEs. Richard is a member of the Chartered
Institute of Management Accountants and holds a Bachelor of Arts in Economics
from the University of Leeds, along with a Graduate Diploma in Law from City
University, London. Richard is considered an independent director.

 

Further information in accordance with paragraph (g) of Schedule Two of the
AIM Rules for Companies is set out at the end of this announcement.

 

Allotment and Total Voting Rights

In addition, the Company is pleased to announce that the Subscription of
9,615,385 Ordinary Shares at 5.20 pence per Ordinary Share has completed.
Accordingly the Subscription Shares will be issued and allotted on or around
18 November 2024. Each of these shares will rank pari passu with the Company's
existing ordinary shares from their issue. The Subscription Shares will
represent approximately 64.6% of the Company's enlarged issued share capital
on admission.

 

Following Allotment the Company's issued share capital will consist of
14,879,597 ordinary shares. No shares are held in treasury. Therefore, the
total number of voting rights in the Company is 14,879,597. Shareholders may
use this figure 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 and Transparency
Rules.

 

This announcement should be read in conjunction with the full text of the
Circular posted to Shareholders on 28 October 2024 copies of which are
available on the Company's website
at https://cloudified-holdings.com/aim-rule-26
(https://cloudified-holdings.com/aim-rule-26) . Capitalised terms in this
announcement have the same meaning as given in the Circular

 

Enquiries:

 

 Cloudified Holdings Limited      Via IFC

 Ian Selby (Director)

 Zeus                             + 44 (0) 203 829 5000

 Mike Coe/ Sarah Mather (Nomad)

 IFC Advisory Limited             +44 (0) 203 934 6630

 Financial PR & IR

 Graham Herring / Zach Cohen

 

Regulatory Disclosures

 

 

The following information is disclosed in accordance with Rule 17 and
paragraph (g) of Schedule 2 of the AIM Rules for Companies in connection with
the appointment of Othman Shoukat Majid, aged 37 to the Board of the Company.
Othman does not hold any beneficial interest in the Company's share capital.
Following completion of the Subscription, Salonica GP of which Othman is a
director will control 64.6% of the Enlarged Share Capital.

 

 Current Directorships/partnerships  Past Directorships (held within last 5 years
 Creams Overseas Ltd                 Se1 Café Ltd
 Allegro Foodservice Ltd
 Creams Property Ltd
 Creams Cafe Ltd
 Zoomex Limited
 One Saracen Ltd
 Creams Franchising Ltd
 Salonica Advisory Limited
 Salonica Group Limited
 Salonica Capital Limited
 Salonica GP Limited (Jersey)

 

The following information is disclosed in accordance with Rule 17 and
paragraph (g) of Schedule 2 of the AIM Rules for Companies in connection with
the appointment of Richard Henry Collett aged 48 to the Board of the Company.
Richard does not hold any beneficial interest in the Company's share capital.

 

 

 Current Directorships         Past Directorships (held within last 5 years
 Squirrelled Limited           Ellwood And Atfield Limited
 Squirrelled Holdings Limited  Mondo Executive Search Limited
 World Chess Plc
 Character Finance Limited
 Spanzone Property Management Limited
 Character It Limited

 

 

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