THE INFORMATION CONTAINED WITHIN THIS ANNOUNCEMENT IS DEEMED BY THE COMPANY TO CONSTITUTE INSIDE INFORMATION AS STIPULATED UNDER THE MARKET ABUSE REGULATION (EU) NO. 596/2014, AS AMENDED WHICH, BY VIRTUE OF THE EUROPEAN UNION (WITHDRAWAL) ACT 2018, FORMS PART OF UK LAW. ON THE PUBLICATION OF THIS ANNOUNCEMENT VIA A REGULATORY INFORMATION SERVICE ("RIS"), THIS INSIDE INFORMATION IS NOW CONSIDERED TO BE IN THE PUBLIC DOMAIN.
RC365 Holding plc
("RC365", the "Company" or the "Group")
Clarification Statement
RC365 Holding plc (LSE: RCGH), an established payment solutions and fintech company, makes the following announcement.
The Board of RC365 notes recent investor commentary and bulletin board speculation regarding the Company's asset-backed card offering, in particular references to the use of stablecoins.
The Company is pleased to confirm that the ability to support a range of asset types including digital assets such as stablecoins is a component of its existing asset-backed card strategy. This activity is not new and has already been disclosed as part of the Company's ongoing business model. Further detail is also available in the Company's published accounts and previous communications.
The use of stablecoins represents one category of asset within a broader set of eligible collateral types and does not constitute a change in strategic direction. The Company continues to operate within its established regulatory and licensing framework including the use of third-party trust structures to ensure compliance in all relevant markets.
While the recent investor interest is appreciated and the positive response is a welcome development, the Company confirms that there is no unpublished price sensitive information requiring disclosure under the UK Market Abuse Regulation.
RC365 remains committed to open and transparent communication with the market and will continue to provide updates as required.
The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulation (EU) No. 596/2014 as it forms part of United Kingdom domestic law by virtue of the European Union (Withdrawal) Act 2018 (as amended).
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| Enquiries:
RC365 Holding plc |
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| Chi Kit LAW, Chief Executive Officer | T: +852 2251 1621 | |
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| Bowsprit Partners Limited (Financial Adviser) | T: +44 (0) 203 833 4430 | |
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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 the recently acquired HC Capital.
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 asset linked credit 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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