Result of General Meeting
18 November 2015
RapidCloud International plc (AIM:RCI), the computing services, web-hosting and web-solutions provider based in Southeast Asia, is pleased to announce that, at the General Meeting held earlier today, all resolutions put to shareholders were duly passed.
Accordingly, the Company will pay an interim dividend of £0.0067 per share to shareholders by way of a Reverse Scrip Dividend, as set out in the Circular sent to shareholders on 2 November 2015.
The timetable for the Reverse Scrip Dividend Scheme is as follows:
26 November 2015 Ordinary Shares quoted "ex" dividend
27 November 2015 Record date for dividend
11 December 2015 Final date for receipt of Cash Dividend Elections
24 December 2015 Posting of cheques and tax vouchers
29 December 2015 Payment of dividend / share allotment, and posting of share certificates and statements
29 December 2015 First day of dealing in the new Ordinary Shares
For further information, please visit www.rapidcloudasia.com or contact:
|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