10 September 2024
RC365 Holding plc
("RC365" or the "Company")
Result of Annual General Meeting
RC365 Holding plc (LSE: RCGH), an established payment solutions and fintech company, announces that at the Company's annual general meeting ("AGM" or the "Meeting"), held earlier today, all resolutions were duly passed. In addition, at the conclusion of the Meeting, as announced on 15 August 2024, Robert Cairns stepped down from the Board of Directors with immediate effect and Iain Muir assumed the role of Non-Executive Chairman as well as Chair of the Audit Committee.
Proxy votes received in relation to each resolution proposed at the AGM were as follows:
| Resolution number | Resolution | Votes for | Votes against | Votes withheld | Total proxy votes | ||
|
|
| No. of votes | % of votes cast* | No. of votes | % of votes cast* | No. of votes |
|
| ORDINARY RESOLUTIONS | |||||||
| 1 | To receive and adopt the Company's annual financial statements for the year ended 31 March 2024. | 65,689,863 | 99.79 | 138,439 | 0.21 | 88,291 | 65,916,593 |
| 2 | To approve the Remuneration Committee Report, as set out on pages 22 and 23 of the Annual Report. | 65,409,988 | 99.33 | 438,105 | 0.67 | 68,500 | 65,916,593 |
| 3 | To reappoint LB Group Limited as auditor of the Company. | 65,487,423 | 99.45 | 360,439 | 0.55 | 68,731 | 65,916,593 |
| 4 | To reappoint Chi Kit Law as a Director of the Company. | 65,455,982 | 99.46 | 352,611 | 0.54 | 108,000 | 65,916,593 |
| 5 | To reappoint Ajay Kumar Rajpal as a Director of the Company. | 65,026,848 | 98.81 | 780,922 | 1.19 | 108,823 | 65,916,593 |
| 6 | To reappoint Timothy Wai Yiu Tang as a Director of the Company. | 65,118,008 | 98.95 | 689,762 | 1.05 | 108,823 | 65,916,593 |
| 7 | To reappoint Iain Andrew Muir as a Director of the Company. | 65,577,355 | 99.66 | 224,776 | 0.34 | 114,462 | 65,916,593 |
| 8 | To authorise the directors to allot securities. | 65,132,285 | 98.91 | 714,511 | 1.09 | 69,797 | 65,916,593 |
| SPECIAL RESOLUTIONS | |||||||
| 9 | To give the directors authority to disapply pre-emption provisions to enable the directors in certain circumstances to allot ordinary shares for cash other than on a pre-emptive basis. | 65,120,879 | 98.91 | 716,180 | 1.09 | 79,534 | 65,916,593 |
| 10 | To give the directors authority to disapply pre-emption provisions to enable the directors in certain circumstances to allot ordinary shares for cash other than on a pre-emptive basis if the proceeds are used for the financing (or refinancing) of an acquisition or other capital investment. | 65,125,317 | 98.91 | 714,859 | 1.09 | 76,417 | 65,916,593 |
* Excludes withheld votes
As at the date of the AGM, the issued share capital of the Company comprised 150,410,421 ordinary shares. Accordingly, the total number of ordinary shares entitling the holders to attend and vote for or against all resolutions was 150,410,421. In accordance with the Company's Articles of Association, on a poll every member has one vote for every share held. Votes withheld are not votes in law. There were no discretionary votes cast.
For further information please contact:
| RC365 Holding plc |
| |
| Chi Kit LAW, Chief Executive Officer | T: +852 2251 1621 E: ir@rc365plc.com | |
| | | |
| Guild Financial Advisory Limited - Financial Adviser |
| |
| Ross Andrews
| T: +44 (0)7973 839767 E: ross.andrews@guildfin.co.uk | |
| | | |
| Evangeline Klaassen | T: +44 (0)7972 841276 E: evangeline.klaassen@guild.co.uk | |
|
| | |
| Gracechurch Group - Financial PR | | |
| Harry Chathli, Claire Norbury, Heather Armstrong | T: +44 (0)204 582 3500 E: rc365@gracechurchpr.com | |
About RC365 Holding plc
RC365 Holding plc (LSE: RCGH) is an established payment solutions and fintech company. It operates primarily in East and Southeast Asia through its core subsidiaries of Regal Crown Technology and RCPAY, and the recently-established RC365 Solutions.
For over 10 years, the Company has delivered efficient and secure payment gateway solutions and IT support and development services for payment and financial systems, including ERP solutions. In 2021, it commenced providing digital remittance and payment services, which expanded to include foreign exchange and premium card solutions. These services are provided to multinational merchants, SMEs and individuals. RC365 intends to expand into the virtual banking market and geographically, including in the UK and wider Europe.
For more information, visit: https://www.rc365plc.com
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