REG - RC365 Holding PLC - Admission to trading on the London Stock Exchange

RC365 HoldingAnnouncement

23/03/2022 07:00

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RNS Number : 6627F  RC365 Holding PLC  23 March 2022

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23 March 2022

RC365 Holding plc / Market: Standard Listing / Sector: Technology

RC365 Holding plc

Admission to trading on the London Stock Exchange

Further to its announcement on 11 March 2022, RC365 Holding plc ("RC365" or
the "Company"), a company focusing on payment gateway solutions, and IT
support and security services, is pleased to announce that at 08:00 today its
entire issued ordinary share capital, consisting of 107,534,591 ordinary
shares, will be admitted to the Standard Listing segment of the Official List
of the Financial Conduct Authority and to trading on the Main Market for
listed securities of the London Stock Exchange under the ticker "RCGH" and
ISIN GB00BMG8BL95.

In connection with Admission, the Company successfully raised approx. £2
million for the Group at a price of 6.2p per ordinary share (the "Issue
Price"). At the Issue Price, the Company's market capitalisation will be
approx. £6.7 million.

Highlights:

·      Founded in Hong Kong in 2013, the Group is a fintech solutions
service provider in China and Hong Kong, and is looking to expand its payment
gateway services into Europe and the UK.

·      The major business segments that the Group is focusing on are as
follows:

o  Payment gateway solutions (online and offline): The Group's payment
gateway system provides an efficient and secure payment gateway service aimed
at facilitating the growing banking needs of the Asian community for
cross-border payment services.

o  IT support and security services: The Group's experienced IT team provides
IT technical support services, cyber security consultation services and portal
support services to its clients.

·      The Group seeks to acquire and use strong market insight to stay
ahead of the market and anticipate future trends and potential ways to apply
the latest technology, including in the fintech services industry in the UK
and Europe. A key focus for the Group is developing innovative products and
services to attract new customers.

·      The Group offers its services to a range of different customers,
individuals, local SME retail groups or cross-border customers and will
continue to seek to maintain its customer-centric approach, delivering the
best possible service.

Mr. Chi Kit LAW Michael, Executive Director and CEO of RC365, said:

"Our first day of trading will mark an exciting new chapter for RC365. The LSE
listing will provide a platform over time to broaden our investor base, as
well as provide the access to capital for our intended growth initiatives.
RC365 will embark on a brand-new stage of our milestones. The listing reflects
the dedication and strength of our team. I would like to thank our team and
shareholders for their patience and tremendous support in bringing RC365 to
market."

Unless otherwise defined, terms used in this announcement (including in the
Information section below) shall have the same meaning as those used in the
Company's announcement on 11 March 2022.

For more information:

 RC365 Holding plc                                    T: +852 2251 1621

 Chi Kit LAW, Chief Executive Officer                 E: ir@rc365plc.com
 VSA Capital Limited (Broker)                         T: +44 (0)20 3005 5000

 Maciek Szymanski, Pascal Wiese (Corporate Finance)
 Joint PR Consultants Limited (Financial PR)          T: +852 2155 2300

 Martha Tung, Account Director

 

INFORMATION

This announcement is for information purposes only, does not constitute a
prospectus or prospectus equivalent document, and is not intended to and does
not constitute, or form part of, any offer or invitation to purchase,
subscribe for or otherwise acquire or dispose of, or any solicitation to
purchase or subscribe for or otherwise acquire or dispose of, any securities
in the capital of the Company.

The information contained in this announcement is the sole responsibility of
the Company, is for background purposes only and does not purport to be full
or complete. No reliance may be placed by any person for any purpose on the
information contained in this announcement or its accuracy, fairness or
completeness. The information in this announcement is subject to change.

The availability of this announcement and/or the Prospectus to persons who are
not resident in the United Kingdom may be affected by the laws of the relevant
jurisdictions in which they are resident. Persons who are not resident in the
United Kingdom or who are subject to the laws and/or regulations of another
jurisdiction should inform themselves of, and should observe, any applicable
requirements. Any failure to comply with any such restrictions may constitute
a violation of the securities laws of such jurisdiction.

This announcement may include statements that are, or may be deemed to be,
"forward-looking statements". These forward-looking statements may be
identified by the use of forward-looking terminology, including the terms
"believes", "estimates", "plans", "projects", "anticipates", "expects",
"intends", "may", "will" or "should" or, in each case, their negative or other
variations or comparable terminology, or by discussions of strategy, plans,
objectives, goals, future events or intentions. Forward-looking statements may
and often do differ materially from actual results. Any forward-looking
statements reflect the Company's current view with respect to future events
and are subject to risks relating to future events and other risks,
uncertainties and assumptions relating to the Company's business, results of
operations, financial position, liquidity, prospects, growth and strategies.
Forward-looking statements speak only as of the date they are made.

VSA Capital Limited, which is authorised and regulated by the FCA in the
United Kingdom, is acting as subscription agent and broker to the Company in
connection with the IPO and for no one else in connection with the IPO and
will not be responsible to anyone other than the Company for providing the
protections afforded to clients of VSA Capital Limited or for providing advice
in relation to the IPO, the contents of this announcement or any transaction,
arrangement or other matter referred to in this announcement.

Notice to US Shareholders

The ordinary shares of the Company have not been and are not required to be
registered under the US Securities Act of 1933, as amended. The ordinary
shares of the Company have not been approved or disapproved by the US
Securities Exchange Commission, any state securities commission in the United
States or any US regulatory authority, nor have any of the foregoing
authorities passed upon or endorsed the merits of the issue of the ordinary
shares or the accuracy or adequacy of this announcement. Any representation to
the contrary is a criminal offence in the United States.

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