REG - RC365 Holding PLC - Issue of Equity

RC365 HoldingAnnouncement

03/04/2024 11:00

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RNS Number : 1613J  RC365 Holding PLC  03 April 2024

3 April 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 and security services, 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 £125,000 in respect of
outstanding Loan Notes and it has today issued 2,023,439 new Ordinary Shares
of 1p each.

The resulting number of Ordinary Shares to be issued has been calculated at a
price per Ordinary Share ("Conversion Price") equal to 80% of the lowest
closing volume-weighted average price ("VWAP") of an Ordinary Share over five
trading days ending prior to the date of service of the Conversion Notice.

Application for the 2,023,439  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 has been made. Dealings are expected to commence on
or around 8 April 2024.

Conditional on Admission of the 2,023,439  new Ordinary Shares, the Company's
issued ordinary share capital will be 130,558,030  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

 Evangeline Klaassen                                   T: +44 (0)7973 839767

                                                       E: ross.andrews@guildfin.co.uk

                                                       T: +44 (0)7972 841276

                                                       E: evangeline.klaassen@guild.co.uk

 

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