RS2 Software plc – Information to maintain a fair market

RS2 Software plc announced that, following the resolutions approved at the Extraordinary General Meeting held on the 2 October 2013 (further details of the resolutions may be found in Company Announcement 58) and the appointment of Mr. Christopher Wood as non-executive director of the Company (further details of such appointment may be found in Company Announcement 59), the Company was informed by Barclays Bank PLC and ITM (Information Technology Management) Holding Limited that all the conditions of the agreement entered into between the aforementioned parties and indicated in Company Announcement 56 were satisfied and that Barclays Bank PLC has acquired 4,250,000 shares in the Company from ITM (Information Technology Management) Holding Limited, which shares represent 10% of the Company’s issued ordinary share capital with voting rights attached.

Furthermore, with reference to Company Announcements 54 and 56, the Company announces that the right given to Barclays Bank PLC of termination for convenience of the license agreement for the use of the Company’s proprietary software BankWORKS® for a contract value of GBP 8,500,000 has now lapsed and may no longer be exercised.

To view the official company announcement, click here.