RapidCloud International PLC Reverse Scrip Dividend Scheme

TIDMRCI

RNS Number : 0291I

RapidCloud International PLC

04 December 2015

RapidCloud International Plc

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

Reverse Scrip Dividend Scheme - Share Price

At the General Meeting of the Company held on 18 November 2015, it was approved that the Company will pay an interim dividend of GBP0.0067 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

CONTACTS

 
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

END

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(END) Dow Jones Newswires

December 04, 2015 04:03 ET (09:03 GMT)

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