TIDMRCI

RNS Number : 5035Y

RapidCloud International PLC

01 December 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, has today purchased 16,500 ordinary shares in the Company (the "New Shares"). Chee Han Wen purchased the New Shares at a price of 45 pence per New Share.

Following his purchase of the New Shares, Chee Han Wen holds 1,318,999 ordinary shares in his own name representing 7.14 per cent. of the issued share capital of the Company. In addition, Chee Han Wen is 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.

In addition, Brian Wong, a Non-Executive Director of the Group, has today purchased 26,000 ordinary shares in his own name at a price of 45 pence per ordinary share. Following this purchase, Brian Wong is interested in 26,000 ordinary shares representing 0.14 per cent. of the issued share capital of the Company.

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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