21st Dec 2015
Further to the announcements on 18 November 2015 and 4 December 2015, the Company is pleased to announce that 437,865 ordinary shares have been taken up through the Company's scrip dividend scheme.
Accordingly, application has been made for the 437,865 new ordinary shares to be admitted to trading and it is expected that such trading will take effect on or around 29 December 2015 ("Admission").
Following Admission, the Company will have 22,149,086 shares in issue, which is the same as the total number of voting rights in the Company. This figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in the Company under the FCA's Disclosure and Transparency Rules.
Raymond Chee, Chief Executive of RapidCloud, commented: "We are delighted with the positive take-up of the scrip dividend that preserves our balance sheet and allows the Company to make further investments for profitable growth. In total 78% of the shares, including holdings by management, have taken the scrip dividend, further evidencing confidence in the Company to deliver significant shareholder value."
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