Related Party Transaction.

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.

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