21 August 2024
RC365
Holding Plc
("RC365"
or the "Company")
Issue of
Equity
RC365 Holding Plc, an established
payment solutions and fintech company, announces that pursuant to
the 'Issue of Convertible Loan Note' announcement of 4 March 2024,
the Company has received a Conversion Notice for £100,000 in
respect of outstanding Loan Notes and, accordingly, it has today
issued 6,578,947 new ordinary shares of 1p each ("Ordinary
Shares").
The resulting number of Ordinary
Shares to be issued has been calculated at a price per Ordinary
Share equal to 80% of the lowest closing volume-weighted average
price of an Ordinary Share over the five trading days ending on the
trading day prior to the date of service of the Conversion
Notice.
Application for the 6,578,947 new
Ordinary Shares to be admitted to the Official List of the UK
Listing Authority and to trading on the Main Market of the London
Stock Exchange ("Admission") has been made. Dealings are expected
to commence on or around 27 August 2024.
Conditional on Admission of the
6,578,947 new Ordinary Shares, the Company's issued ordinary share
capital will be 150,410,421 Ordinary Shares, which may be used by
shareholders 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 share capital of the Company
under the FCA's Disclosure Guidance and Transparency
Rules.
For further information please
contact:
|
RC365 Holding
plc
|
|
|
Chi Kit LAW, Chief Executive
Officer
|
T: +852 2251 1621
E: ir@rc365plc.com
|
|
|
|
|
Guild Financial Advisory Limited - Financial
Adviser
|
|
|
Ross Andrews
|
T: +44 (0)7973 839767
E: ross.andrews@guildfin.co.uk
|
|
Evangeline Klaassen
|
T: +44 (0)7972 841276
E:
evangeline.klaassen@guild.co.uk
|
|
|
|
|
Gracechurch Group - Financial PR
|
|
|
Harry Chathli, Claire Norbury,
Heather Armstrong
|
T: +44 (0)204 582 3500
E: rc365@gracechurchpr.com
|
|
|
| |
About RC365
Holding plc
RC365 Holding plc (LSE: RCGH) is an established
payment solutions and fintech company. It operates primarily in
East and Southeast Asia through its core subsidiaries of Regal
Crown Technology and RCPAY, and the recently-established RC365
Solutions.
For over 10 years, the Company has delivered
efficient and secure payment gateway solutions and IT support and
development services for payment and financial systems, including
ERP solutions. In 2021, it commenced providing digital remittance
and payment services, which expanded to include foreign exchange
and premium card solutions. These services are provided to
multinational merchants, SMEs and individuals. RC365 intends to
expand into the virtual banking market and geographically,
including in the UK and wider Europe.
For more information, visit:
https://www.rc365plc.com