Business
Issue of Equity
Issue of Equity.
About this update from Rc365 Holding Plc
[{"type":"text","content":"\n\n21 August 2024\n \nRC365 Holding Plc\n(\"RC365\" or the \"Company\")\n \nIssue of Equity\n \nRC365 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 £100,000 in respect of outstanding Loan Notes and, accordingly, it has today issued 6,578,947 new ordinary shares of 1p each (\"Ordinary Shares\").\n \nThe 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.\n \nApplication for the 6,578,947 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 27 August 2024.\n \nConditional on Admission of the 6,578,947 new Ordinary Shares, the Company's issued ordinary share capital will be 150,410,421 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.\n \nFor further information please contact:\n \n\n\n\n\nRC365 Holding plc\n\n\n \n\n\n\n\nChi Kit LAW, Chief Executive Officer\n\n\nT: +852 2251 1621\nE: [email protected]\n\n\n\n\n\n\n\n\n\n\n\n\nGuild Financial Advisory Limited - Financial Adviser\n\n\n \n\n\n\n\nRoss Andrews\n \n\n\nT: +44 (0)7973 839767\nE: [email protected]\n \n\n\n\n\nEvangeline Klaassen\n\n\nT: +44 (0)7972 841276\nE: [email protected]\n\n\n\n\n \n\n\n\n\n\n\n\nGracechurch Group - Financial PR\n\n\n\n\n\n\n\nHarry Chathli, Claire Norbury, Heather Armstrong\n\n\nT: +44 (0)204 582 3500\nE: [email protected]\n\n\n\n\n\n\n\n\n\n \n \nAbout RC365 Holding plc\nRC365 Holding plc (LSE: RCGH) is an established payment solutions and fintech company. It operates primarily in East and Southeast Asia through its core subsidiar...