Reference is made to the Circular and Notice of Special
General Meeting despatched to Shareholders on 23 December
2011 regarding the proposed General Mandate Refreshment.
Terms used in this announcement have the same meanings as
defined in the Circular unless otherwise stated.
The board of directors of RCG Holdings Limited (AIM: RCG,
HKSE: 802) (the "Board"), an international
provider of biometric and RFID products and solution
services with a primary focus in the Asia Pacific and
Middle East markets, announces that at the Special General
Meeting of the Company duly held at 3:00 p.m. on 14 January
2012 (Hong Kong time) at Lot 1, Jalan Teknologi 3/5, Taman
Sains Selangor 1, Kota Damansara, Petaling Jaya, Selangor,
Malaysia, the General Mandate Refreshment Resolution was
not passed. Consequently, the Board will seek alternative
funding arrangements to finance the Company's expansion
plans and repay existing loans. A further announcement
concerning the Group's financial position and trading
for the year ended 31 December 2011 will be made shortly.
- Ends -
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Announcement (English)
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Announcement (Chinese)
Enquiries:
RCG Holdings Limited
Danny Chew, Acting Chief Executive Officer
Tel: +852 3669 6999
ir@rcg.tv
Smith & Williamson Corporate Finance Limited
(Nominated adviser and broker)
Dr. Azhic Basirov / David Jones
Tel: +44 (0) 20 7131 4000
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 a growth strategy focusing on long-term projects,
solutions and services and development of new applications
and revenue streams, particularly in the security
applications industry.