REG - Cloudified Holdings - Related Party Transaction

Cloudified HoldingsAnnouncement

27/05/2025 13:00

For best results when printing this announcement, please click on link below:
https://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20250527:nRSa2645Ka&default-theme=true

RNS Number : 2645K  Cloudified Holdings Limited  27 May 2025

This announcement contains inside information for the purposes of Article 7 of
the UK version of Regulation (EU) No 596/2014 which is part of UK law by
virtue of the European Union (Withdrawal) Act 2018, as amended ("MAR"). Upon
the publication of this announcement via a Regulatory Information Service,
this inside information is now considered to be in the public domain.

 

 

27 May 2025

 

Cloudified Holdings Limited

("Cloudified" or the "Company")

 

Related Party Transaction

 

Cloudified Holdings Limited, an AIM quoted cash shell, announces that, further
to the RNS dated 12 December 2024, and as the board continues to progress the
previously identified acquisition opportunity (the "Acquisition"), it has
entered into agreement with Salonica Capital Ltd ("Salonica") to provide
corporate finance services to the Company in relation to the Acquisition (the
"Agreement"). In consideration for services provided, the company agrees to
pay Salonica, upon completion of the Acquisition, a fee equal to the higher
of:

·      £80,000; or

·      5% of the gross value of funds raised from investors introduced
by Salonica (excluding any secondary placing).

 

The Agreement is related party transaction for the purposes of AIM Rule 13 of
the AIM Rules for Companies due to Salonica being a substantial shareholder in
the Company. The Independent Directors of the Company being Ian Selby, Richard
Collett and Alex Hambro, consider, having consulted with Zeus Capital Limited,
the Company's Nominated Adviser, that the terms of the Agreement are fair and
reasonable in so far as the Company's independent shareholders are
concerned.

 

Further updates will be made in due course regarding the Acquisition.

 

 

Enquiries:

 Cloudified Holdings Limited   Via IFC

 Alex Hambro (Director)

 Ian Selby (Director)

 Zeus (Nomad)                  + 44 (0) 203 829 5000

 Mike Coe / James Bavister

 IFC Advisory Ltd              +44 (0) 203 934 6630

 Financial PR & IR

 Graham Herring / Zach Cohen

 

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  MSCFLFSLERIDFIE