UK's RC365 Holding soars on share subscription deal with Hatcher

Hatcher

14/02/2023 11:41

** Shares of UK-based financial technology firm RC365
Holding Plc  RCGH.L  rise as much as 25.2% to 23.8p; among top
pct gainers across London stocks  .FTAS 
    ** RCGH set for best day in more than five months, if gains
hold
    ** Co enters into share subscription agreement and
Memorandum of Understanding (MoU) with Hatcher Group Ltd
 8365.HK 
    ** Says co to issue subscription shares at aggregate value
of 3.42 mln pounds ($4.2 mln)
    ** Adds MoU to collaborate on research and development of
smart algorithm technology and to provide asset recommendations 
    ** As of last close, stock little changed YTD, after gaining
171% in 2022 
($1 = 0.8202 pounds)
 (Reporting by Hani Kollathodi in Bengaluru)
 ((Hani.Kollathodi@thomsonreuters.com;))