Reverse Scrip Dividend Scheme - Share Price
4th Dec 2015
At the General Meeting of the Company held on 18 November 2015, it was approved that 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 "Circular").
Pursuant to the Circular, the maximum entitlement of each shareholder is calculated with reference to a share price calculated as the average of the middle market quotations on the London Stock Exchange for the Ordinary Shares on the day on which they are first quoted "ex" dividend and the four subsequent dealing days (the "Share Price"). The "ex" dividend date being 26 November 2015.
The Share Price to be used in these calculations has been confirmed as 25.85p.
The timetable for the Reverse Scrip Dividend Scheme is as follows:
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
This information is provided by RNS
The company news service from the London Stock Exchange
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