RCI Rapidcloud

TIDMRCI

RNS Number : 6548J

RapidCloud International PLC

21 December 2015

RapidCloud International Plc

("RapidCloud", the "Company" or the "Group")

Scrip Dividend

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."

Enquiries:

 
RapidCloud International Plc      investorqueries@rapidcloudasia.com 
Raymond Chee, Managing Director 
 David Cotterell, Chairman 
WH Ireland, Nominated Adviser    Tel:+44 (0)20 7220 1666 
 and Broker 
Adrian Hadden 
 Mark Leonard 
Walbrook, Financial PR and IR    Tel: +44 (0)20 7933 8792 
Paul Cornelius                   rapidcloud@walbrookpr.com 
 Sam Allen 
 

For further information, please visit www.rapidcloudasia.com

This information is provided by RNS

The company news service from the London Stock Exchange

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December 21, 2015 02:00 ET (07:00 GMT)

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