Director Dealings - RapidCloud International PLC
29 September 2014
RapidCloud announces that on 29 September 2015, Mr. Raymond Chee, Managing Director of the Company, purchased 35,000 ordinary shares of no par value each in the Company ("Shares") at a price of 33 pence per Share.
Following his purchase of the Shares, Mr. Chee holds 1,353,949 ordinary shares in his own name representing 6.24 per cent. of the issued share capital of the Company. In addition, Mr. Chee is interested in a further 1,250,117 ordinary shares held by his wife, Chong Lip Kian. Finally, Mr. Chee is also beneficially interested in 6,747,824 shares held by RapidCloud Holdings Ltd, a BVI company, by virtue of the fact that it is held as to 61 per cent. by Mr. Chee, 22 per cent. by Chew Man Fai and 17 per cent. by Kenneth Cheng Ju Wan. The shares held by RapidCloud Holdings Ltd and Mr. Chee are registered in the legal name of BPS2 Singapore/UOB KayHian Private Limited.
|RapidCloud International Plc
Raymond Chee, Managing Director
David Cotterell, Chairman
|WH Ireland, Nominated Adviser and Broker
|Tel: +44 (0)20 7220 1666|
|Walbrook, Financial PR and IR
|Tel: 44 (0)20 7933 8792
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