UK's RC365 Holding gains on deal with YouneeqAI
14/08/2023 08:24
** Shares of RC365 Holding Plc RCGH.L rise as much as
16.5% to 120p, stock among top pct gainers across London
** The fintech services provider signs non-binding Letter
of Intent with U.S. firm YouneeqAI Technical Services Inc
** RC365 to buy exclusive rights to YoouneeqAI's IP and
platform in the UK, with a right of first refusal to
purchase additional territories
** RCGH says consideration payable will be satisfied by
issue of 6 mln new ordinary shares in co
** Stock currently up 7.3% for a near six-fold surge in YTD
gains
(Reporting by Aby Jose Koilparambil in Bengaluru)
((abyjose.koilparambil@thomsonreuters.com))