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Director Shareholdings

26th Nov 2013 11:38

RNS Number : 9599T
RapidCloud International PLC
26 November 2013
 



 

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, has today been notified by certain directors of the Company of changes in the registered owner of certain of their ordinary shares in the Company as a result of a change of nominee holder, as set out below:

 

- Chong Lip Kian: 1,250,117 ordinary shares are now registered in the name of Citibank N.A. Hong Kong;

- Du Kiat Wai (known as William): 503,070 ordinary shares are now registered in the name of HSBC Broking Sec (Asia) Ltd; and

- Chan Siu Lee, the wife of the Company's Technical Director, Chew Man Fai: 232,873 ordinary shares are now registered in the name of Citibank N.A. Hong Kong.

 

Their beneficial interest in ordinary shares in the Company remains unchanged following these changes, which are as follows:

 

Name

Title

No. of ordinary shares

% of issued share capital

Chong Lip Kian

Operation Director

9,283,890*

53.45%

Du Kat Wai

Non-Executive Director

503,070**

2.90%

Chew Man Fai

Technical Director

7,292,036***

41.98%

 

* Chong Lip Kian holds the beneficial interest in 1,250,117 ordinary shares in her own name and, in addition to these, her interest includes 1,285,949 ordinary shares in which her husband, Chee Han Wen, the Company's Managing Director, holds in his own name together with a further 6,747,824 ordinary shares in which Chee Han Wen is beneficially interested in and which are held by RapidCloud Holdings Ltd, a BVI company which 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.

 

**held through Ingenious Haus Ltd, a company of which he is the sole shareholder as well as sole director.

 

***Chew Man Fai holds 311,339 ordinary shares held in his own name and is beneficially interested in 6,747,824 ordinary shares which are held by RapidCloud Holdings Ltd, a BVI company which 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. In addition, Chew Man Fai is also interested in 232,873 ordinary shares held beneficially by his wife, Chan Siu Lee.

 

For further information, please visit www.rapidcloudasia.com or contact:

RapidCloud International Plc

Raymond Chee, Managing Director

David Cotterell, Chairman

 

[email protected]

 

Allenby Capital, Nominated Adviser and Broker

Alex Price

Jeremy Porter

Michael McNeilly

Tel: +44 (0)20 3328 5656

 

Walbrook, Financial PR and IR

Bob Huxford, Paul Cornelius,

Guy McDougall

 

Tel: 44 (0)20 7933 8792

[email protected]

 

 

 

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 36,500. 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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