REG - RC365 Holding PLC - Issue of Equity

RC365 HoldingAnnouncement

15/05/2024 10:30

For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20240515:nRSO5518Oa&default-theme=true

RNS Number : 5518O  RC365 Holding PLC  15 May 2024

15 May 2024

 

RC365 Holding Plc

("RC365" or the "Company")

 

Issue of Equity

 

RC365 Holding Plc ("RC365"), a company focusing on payment gateway solutions
and IT support, announces that pursuant to the announcement on 4 March 2024
regarding the Issue of Convertible Loan Note, the Company has received a
Conversion Notice for £150,000 in respect of outstanding Loan Notes and it
has today issued 5,357,143 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 5,357,143 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 20 May 2024.

 

Conditional on Admission of the 5,357,143 new Ordinary Shares, the Company's
issued ordinary share capital will be 139,324,263 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         T: +44 (0)204 582 3500

                                       E: rc365@gracechurchpr.com

 

 

 

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  IOEQKPBDCBKKCPD