REG - RC365 Holding PLC - Issue of Equity

RC365 HoldingAnnouncement

26/06/2024 07:45

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RNS Number : 9314T  RC365 Holding PLC  26 June 2024

26 June 2024

 

RC365 Holding Plc

("RC365" or the "Company")

 

Issue of Equity

 

RC365 Holding Plc, an established payment solutions and fintech company,
announces that pursuant to the 'Issue of Convertible Loan Note' announcement
of 4 March 2024, the Company has received a Conversion Notice for £75,000 in
respect of outstanding Loan Notes and, accordingly, it has today issued
4,507,211 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 4,507,211 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 1 July 2024.

 

Conditional on Admission of the 4,507,211 new Ordinary Shares, the Company's
issued ordinary share capital will be 143,831,474 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, Heather Armstrong  T: +44 (0)204 582 3500

                                                   E: rc365@gracechurchpr.com

 

 

 

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