RS2 Software plc – Information to maintain a fair market

RS2 Software plc announced that its Managed Services subsidiary RS2 Smart Processing Ltd has concluded a major processing outsourcing agreement with one of the largest European Fintech companies enabling them to provide acquiring services in Latin America. The agreement has been signed for an initial term of 3 years with the option to extend yearly.

In addition to the above, the Subsidiary RS2Smart Processing has signed a processing agreement in the Nordic with Landesbankinn in Iceland to provide Omni-channel Acquiring Services to the bank.

The Group continue the execution of its Strategy shifting its business model from Licensing into Processing offering its services globally.

It must be pointed out that the projected revenue from the above client has been taken into consideration and are reflected in the projections contained in the Prospectus dated February 19, 2021 relating to the issue of Preference Shares by the Company.

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