RNS Number : 5518O
RC365 Holding PLC
15 May 2024
 

15 May 2024

 

RC365 Holding Plc

("RC365" or the "Company")

 

Issue of Equity

 

RC365 Holding Plc ("RC365"), a company focusing on payment gateway solutions and IT support, announces that pursuant to the announcement on 4 March 2024 regarding the Issue of Convertible Loan Note, the Company has received a Conversion Notice for £150,000 in respect of outstanding Loan Notes and it has today issued 5,357,143 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 5,357,143 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 20 May 2024.

 

Conditional on Admission of the 5,357,143 new Ordinary Shares, the Company's issued ordinary share capital will be 139,324,263 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

T: +44 (0)204 582 3500

E: rc365@gracechurchpr.com

 

 

 

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