RCI Rapidcloud

TIDMRCI

RNS Number : 3993Z

RapidCloud International PLC

14 March 2017

RapidCloud International Plc

("RapidCloud", or the "Company")

Directorate Change

RapidCloud International Plc (AIM: RCI), the enterprise cloud computing services and web-solutions provider based in Southeast Asia, announces that Chee Han Wen ("Raymond"), Chong Lip Kian, and Cindy Choo, have informed the Board of their decisions to resign as directors of the Company with immediate effect.

Raymond will also relinquish his duty as Chief Executive Officer. The Board has appointed Chew Man Fai, Executive Director, as interim Chief Executive Officer.

Brian Wong Wye Pong will continue as Non-Executive Chairman and Du Kiat Wai ("William") will continue to act as Non-Executive Director.

CONTACTS

 
RapidCloud International            investorqueries@rapidcloudasia.com 
 Plc 
Brian Wong Wye Pong, Non-Executive 
 Chairman 
Walbrook, Financial PR              Tel: +44 (0)20 7933 
 and IR                              8792 
Paul Cornelius                      rapidcloud@walbrookpr.com 
 Sam Allen 
 

About RapidCloud

RapidCloud, provides computing services, web-hosting and proprietary web-solutions, such as web-site building and e-commerce solutions. The Company is based in Southeast Asia and is one of the few solutions providers in the region to deliver its offerings through all three available Cloud Computing segments, i.e. Software-as-a-Service, Infrastructure-as-a-Service and Platform-as-a-Service.

Formed in 1999 the Company has a well-established cloud offering with a customer base of over 42,000. These are predominantly SMEs but also include blue-chip clients such as Deloitte, BAE Systems and Canon, for which RapidCloud's extensive R&D department creates bespoke software solutions.

RapidCloud currently has operations in Malaysia, Indonesia, Singapore, Thailand and the Philippines. According to industry research commissioned by RapidCloud from Frost & Sullivan in 2013, the Cloud Computing industry in Asia Pacific is expected to grow at a CAGR of 49.6% between 2013 and 2015, giving a market size of US45.6 billion by 2015. RapidCloud International plc was admitted to AIM on 14 August 2013.

For further information, please visit www.rapidcloudasia.com

This information is provided by RNS

The company news service from the London Stock Exchange

END

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March 14, 2017 05:55 ET (09:55 GMT)

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