Company Announcements

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. Capitalised terms in this announcement have the same meaning as given in the Circular

Enquiries:

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.  

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.