RapidCloud International PLC Director Shareholdings (6587T)
October 07 2014 - 7:37AM
UK Regulatory
TIDMRCI
RNS Number : 6587T
RapidCloud International PLC
07 October 2014
RapidCloud International Plc
("RapidCloud", the "Company" or the "Group")
Director shareholdings
RapidCloud International plc (AIM: RCI), the computing services,
web-hosting and web-solutions provider based in Southeast Asia,
announces that Chee Han Wen (known as Raymond), the Group's
Managing Director, purchased 16,500 ordinary shares in the Company
on 3 October 2014 (the "New Shares"). Chee Han Wen purchased the
New Shares at a price of 49 pence per New Share.
Following his purchase of the New Shares, Chee Han Wen holds
1,302,449 ordinary shares in his own name representing 7.05 per
cent.. In addition, Chee Han Wen and is also interested in a
further 1,250,117 ordinary shares held by his wife, Chong Lip Kian.
Finally, Chee han Wen 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 Chee Han Wen, 22 per
cent. by Chew Man Fai and 17 per cent. by Kenneth Cheng Ju Wan. The
shares held by RapidCloud Holdings Ltd and Chee Han Wen are
registered in the legal name of BPS2 Singapore/UOB KayHian Private
Limited.
For further information, please visit www.rapidcloudasia.com or
contact:
RapidCloud International investorqueries@rapidcloudasia.com
Plc
Raymond Chee, Managing
Director
David Cotterell, Chairman
----------------------------- ---------------------------------------------------------------------
Allenby Capital, Nominated Tel: +44 (0)20 3328 5656
Adviser and Broker
Alex Price
Jeremy Porter
----------------------------- ---------------------------------------------------------------------
Walbrook, Financial PR Tel: 44 (0)20 7933 8792
and IR rapidcloud@walbrookpr.com
Bob Huxford ,Paul Cornelius
Guy McDougall
----------------------------- ---------------------------------------------------------------------
About RapidCloud
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 38,000. 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, Thailand and
the Philippines and has plans to expand into Indonesia. 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.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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