RNS Number : 6583F
RCG Holdings Limited
18 January 2010
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Press Release
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18 January 2010
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RCG Holdings Limited
("RCG" or the "Company")
Statement regarding recent share price movement
and trading update
The board of Directors (the "Board") of RCG has noted the recent movements in the Company's share price and the article published in the UK Financial Times newspaper on Wednesday 13 January 2010 about a possible placing out of the holding in the Company in which the administrators of Ms Nina Wang's estate are interested and wishes to confirm that the Board and the Company are not aware of any reasons for such developments.
The Board is pleased to confirm that trading during the second half of 2009 remained in line with the Board's expectations, with a number of contract wins across RCG's businesses, with notable successes for the Company's solutions projects division with government agencies in Malaysia, the Peoples' Republic of China and elsewhere in Southeast Asia.
The Board expects the Company's preliminary results for the year ended 31 December 2009 will be announced in mid-April 2010, reflecting the increased size and international coverage of the Company's operations. A further announcement will be made nearer the time to confirm the precise date on which the preliminary results will be released.
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For further information:
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RCG Holdings Limited
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Tel: +852 3669 6999
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Anita Chau, Deputy Chairman and COO
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KC Chong, Chief Financial Officer
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Evolution Securities Limited
(Nominated Adviser and Joint Broker)
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Tel: +44 (0)20 7071 4300
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Barry Saint
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Tim Redfern
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Esther Lee
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Media enquiries:
About RCG
RCG, a leading global provider of integrated biometrics and RFID security solutions, is publicly quoted and its shares are listed on the Main Board of the Stock Exchange of Hong Kong Limited and admitted to trading on the AIM Market of the London Stock Exchange and the PLUS market. The Company has an aggressive growth strategy with a clear focus on developing new applications and revenue streams for global roll-out, particularly in the security applications industry.
This information is provided by RNS
The company news service from the London Stock Exchange
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