Sunday, 15th June 2008

RS2 offer fully subscribed

RS2 Software plc on Wednesday closed subscription lists immediately on reaching the 12,500,000 shares threshold established under the combined offering.

There were 700 applicants for subscriptions, including several retail investors, local and foreign institutional investors, various employees, and some clients.

RS2 Software plc's chief financial officer Fiona Ciappara Cascun said: "The company is conscious of the expectations that its new shareholders have, and is committing itself to endeavour to reward the confidence that they have shown with a financial performance that will be conducive towards an attractive dividend policy as well as commensurate capital gains in the years ahead".

"The board now looks forward to fulfilling the company's growth objectives," CEO Mario Schembri, added.