LONDON, March 23, 2022 /PRNewswire/ -- RC365 Holding plc
(LSE:RCGH, ISIN: GB00BMG8BL95) ("RC365" or the
"Company"); together with its subsidiaries, the
"Group"), a fintech solutions service provider, is pleased
to announce the commencement of its first day of trading on the
Main Market of the London Stock Exchange under the ticker
"RCGH" and ISIN GB00BMG8BL95.
The successful fundraising included the issuing of 32,534,591
new ordinary shares at a price of 6.2p per ordinary share (the
"Issue Price"), raising gross proceeds of approximately £2.0
million for the Group. At the Issue Price, the Company's market
capitalisation will be approximately £6.7 million.
Chief Financial Capital Limited acted as Financial Adviser and
VSA Capital Limited acted as Broker on the subscription and
IPO.
Highlights
- Founded in Hong Kong in 2013,
the Group is a fintech solutions service provider in mainland China and Hong
Kong, and is looking to expand its payment gateway services
into Europe and the UK.
- The major business segments that the Group is focusing on are as follows:
-
- Payment gateway solutions (online and offline): The
Group's payment gateway system provides an efficient and secure
payment gateway service aimed at facilitating the growing banking
needs of the Asian community for cross border payment
services.
- IT support and security services: The Group's
experienced IT team provides IT technical support services, cyber
security consultation services and portal support services to its
clients.
- The Group seeks to acquire and use strong market insight to
stay ahead of the market and anticipate future trends and potential
ways to apply the latest technology, including in the fintech
services industry in the UK and Europe. A key focus for the Group is
developing innovative products and services to attract new
customers.
- The Group offers its services to a range of different
customers, individuals, local SME retail groups or cross-border
customers and will continue to seek to maintain its
customer-centric approach, delivering the best possible
service.
"Our first day of trading will mark an exciting new chapter for
RC365", Mr. Chi Kit LAW Michael, Executive Director
and CEO of RC365, said. "The LSE listing will
provide a platform over time to broaden our investor base, as well
as provide access to capital for our intended growth initiatives.
RC365 will embark on a brand-new stage of our milestones. The
listing reflects the dedication and strength of our team. I would
like to thank our team and shareholders for their patience and
tremendous support in bringing RC365 to market."
About RC365
RC365 is a leading fintech solutions service provider founded in
2013 and headquartered in Hong
Kong. Providing innovative, efficient and secure payment
gateway solutions (online and offline) and IT support and security
services, RC365 aims at facilitating the growing banking needs of
the Asian community for cross border payment services and expanding
the services into Europe and the
UK.
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN
PART, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, CANADA, JAPAN
OR THE REPUBLIC OF SOUTH AFRICA OR
ANY OTHER JURISDICTION IN WHICH THE RELEASE, PUBLICATION OR
DISTRIBUTION OF THIS ANNOUNCEMENT WOULD BE UNLAWFUL.
INFORMATION
This announcement is for information purposes only, does not
constitute a prospectus or prospectus equivalent document, and is
not intended to and does not constitute, or form part of, any offer
or invitation to purchase, subscribe for or otherwise acquire or
dispose of, or any solicitation to purchase or subscribe for or
otherwise acquire or dispose of, any securities in the capital of
the Company.
The information contained in this announcement is the sole
responsibility of the Company, is for background purposes only and
does not purport to be full or complete. No reliance may be placed
by any person for any purpose on the information contained in this
announcement or its accuracy, fairness or completeness. The
information in this announcement is subject to change.
The availability of this announcement and/or the prospectus of
the Company to persons who are not resident in the United Kingdom may be affected by the laws of
the relevant jurisdictions in which they are resident. Persons who
are not resident in the United
Kingdom or who are subject to the laws and/or regulations of
another jurisdiction should inform themselves of, and should
observe, any applicable requirements. Any failure to comply with
any such restrictions may constitute a violation of the securities
laws of such jurisdiction.
This announcement may include statements that are, or may be
deemed to be, "forward-looking statements". These forward-looking
statements may be identified by the use of forward-looking
terminology, including the terms "believes", "estimates", "plans",
"projects", "anticipates", "expects", "intends", "may", "will" or
"should" or, in each case, their negative or other variations or
comparable terminology, or by discussions of strategy, plans,
objectives, goals, future events or intentions. Forward-looking
statements may and often do differ materially from actual results.
Any forward-looking statements reflect the Company's current view
with respect to future events and are subject to risks relating to
future events and other risks, uncertainties and assumptions
relating to the Company's business, results of operations,
financial position, liquidity, prospects, growth and strategies.
Forward-looking statements speak only as of the date they are
made.
VSA Capital Limited, which is authorised and regulated by the
FCA in the United Kingdom, is
acting as subscription agent and broker to the Company in
connection with the IPO and for no one else in connection with the
IPO and will not be responsible to anyone other than the Company
for providing the protections afforded to clients of VSA Capital
Limited or for providing advice in relation to the IPO, the
contents of this announcement or any transaction, arrangement or
other matter referred to in this announcement.
Notice to US Shareholders
The ordinary shares of the Company have not been and are not
required to be registered under the US Securities Act of 1933, as
amended. The ordinary shares of the Company have not been approved
or disapproved by the US Securities Exchange Commission, any state
securities commission in the United
States or any US regulatory authority, nor have any of the
foregoing authorities passed upon or endorsed the merits of the
issue of the ordinary shares or the accuracy or adequacy of this
announcement. Any representation to the contrary is a criminal
offence in the United States.
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SOURCE RC365 Holding plc