September 1 2016 ended the subscription period for CLOUD REPUBLIC AB’s private placement. It was oversubscribed with a subscription rate of over 162%, including the subscription bills received after the issuance of contract notes.
The purpose of this private placement was to broaden ownership before the proliferation issue in connection with our listing, probably in Q1 2017.
I am very pleased with the new ownership, and would like to take this opportunity to welcome all new shareholders to CLOUDREPUBLIC AB.”
The Board has decided on a proportional allotment among those who have invested in the company at this stage.
The company has 43 shareholders, 38 of which are new in relation to this private placement.