REG - RC365 Holding PLC - Result of Annual General Meeting

RC365 HoldingAnnouncement

10/09/2024 13:30

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RNS Number : 6188D  RC365 Holding PLC  10 September 2024

10 September 2024

 

RC365 Holding plc

("RC365" or the "Company")

 

Result of Annual General Meeting

 

RC365 Holding plc (LSE: RCGH), an established payment solutions and fintech
company, announces that at the Company's annual general meeting ("AGM" or the
"Meeting"), held earlier today, all resolutions were duly passed. In addition,
at the conclusion of the Meeting, as announced on 15 August 2024, Robert
Cairns stepped down from the Board of Directors with immediate effect and Iain
Muir assumed the role of Non-Executive Chairman as well as Chair of the Audit
Committee.

 

Proxy votes received in relation to each resolution proposed at the AGM were
as follows:

 Resolution number  Resolution                                                                       Votes for                       Votes against                   Votes withheld  Total proxy votes
                                                                                                     No. of votes  % of votes cast*  No. of votes  % of votes cast*  No. of votes
 ORDINARY RESOLUTIONS
 1                  To receive and adopt the Company's annual financial statements for the year      65,689,863    99.79             138,439       0.21              88,291          65,916,593
                    ended 31 March 2024.
 2                  To approve the Remuneration Committee Report, as set out on pages 22 and 23 of   65,409,988    99.33             438,105       0.67              68,500          65,916,593
                    the Annual Report.
 3                  To reappoint LB Group Limited as auditor of the Company.                         65,487,423    99.45             360,439       0.55              68,731          65,916,593
 4                  To reappoint Chi Kit Law as a Director of the Company.                           65,455,982    99.46             352,611       0.54              108,000         65,916,593
 5                  To reappoint Ajay Kumar Rajpal as a Director of the Company.                     65,026,848    98.81             780,922       1.19              108,823         65,916,593
 6                  To reappoint Timothy Wai Yiu Tang as a Director of the Company.                  65,118,008    98.95             689,762       1.05              108,823         65,916,593
 7                  To reappoint Iain Andrew Muir as a Director of the Company.                      65,577,355    99.66             224,776       0.34              114,462         65,916,593
 8                  To authorise the directors to allot securities.                                  65,132,285    98.91             714,511       1.09              69,797          65,916,593
 SPECIAL RESOLUTIONS
 9                  To give the directors authority to disapply pre-emption provisions to enable     65,120,879    98.91             716,180       1.09              79,534          65,916,593
                    the directors in certain circumstances to allot ordinary shares for cash other
                    than on a pre-emptive basis.
 10                 To give the directors authority to disapply pre-emption provisions to enable     65,125,317    98.91             714,859       1.09              76,417          65,916,593
                    the directors in certain circumstances to allot ordinary shares for cash other
                    than on a pre-emptive basis if the proceeds are used for the financing (or
                    refinancing) of an acquisition or other capital investment.

* Excludes withheld votes

 

As at the date of the AGM, the issued share capital of the Company comprised
150,410,421 ordinary shares. Accordingly, the total number of ordinary shares
entitling the holders to attend and vote for or against all resolutions was
150,410,421. In accordance with the Company's Articles of Association, on a
poll every member has one vote for every share held. Votes withheld are not
votes in law. There were no discretionary votes cast.

 

 

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

 

About RC365 Holding plc

 

RC365 Holding plc (LSE: RCGH) is an established payment solutions and fintech
company. It operates primarily in East and Southeast Asia through its core
subsidiaries of Regal Crown Technology and RCPAY, and the recently-established
RC365 Solutions.

 

For over 10 years, the Company has delivered efficient and secure payment
gateway solutions and IT support and development services for payment and
financial systems, including ERP solutions. In 2021, it commenced providing
digital remittance and payment services, which expanded to include foreign
exchange and premium card solutions. These services are provided to
multinational merchants, SMEs and individuals. RC365 intends to expand into
the virtual banking market and geographically, including in the UK and wider
Europe.

 

For more information, visit: https://www.rc365plc.com
(https://www.rc365plc.com)

 

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