REG - RC365 Holding PLC - Issue of Equity

RC365 HoldingAnnouncement

17/02/2023 14:45

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RNS Number : 3394Q  RC365 Holding PLC  17 February 2023

17 February 2023

RC365 Holding Plc

("RC365" or the "Company")

Issue of Equity

RC365 Holding Plc ("RC365"), a company focusing on payment gateway solutions
and IT support, refers to the announcement made on 14 February 2023, whereby
RC365 agreed to issue 18,000,000 new Ordinary Shares of 1p each ("Subscription
Shares") to Hatcher Group Limited. The Subscription Shares to be issued, based
on the current share price of 19p per share, have an aggregate value of
£3.42m.

Application for 9,500,000 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 22 February 2023. The Shares to be issued, based on the current share
price of 19p per share, have an aggregate value of £1.81m.

RCPAY Limited, a wholly owned subsidiary of RC365, holds a Small Payment
Institution (SPI) licence with the FCA and requires prior approval once
certain control thresholds are breached. Once the FCA have approved the change
in control application, the balancing shares being 8,500,000 new Ordinary
Shares, will be issued to Hatcher Group Limited.

Conditional on Admission of the 9,500,000 new Ordinary Shares, the Company's
issued ordinary share capital will be 117,034,591 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                                     T: +852 2251 1621

 Chi Kit LAW, Chief Executive Officer                  E: ir@rc365plc.com
 Guild Financial Advisory Limited - Financial Adviser  T: +44 (0)7973 839767

 Ross Andrews                                          E: ross.andrews@guildfin.co.uk

 

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