RS2 Software Plc., a leading payment solutions provider, has announced the issue of Preference Shares with a nominal value of €0.06 per share, at an offer price of €1.75 as it seeks to raise up to €49,999,950 which will help the company achieve its growth objectives
If you would like to participate in this offer but you’re unsure how to do so, below is an easy to follow, step-by-step guide of how to get RS2 shares.
What you need to get started
If you’re new to CCTrader, your first step to tapping into a world of investment opportunities is to sign up and open an account. To do so, download the app from either Google Play or the Apple App Store. Alternatively, you may access CCTrader on your desktop by visiting https://live.cctrader.com/
CCTrader is currently available on both iOS and Android and can run on the iPhone and Apple Watch. It is also available on most web browsers and can support Chrome, Safari, Firefox and Edge, while it works on both Macs and PCs.
Once you have onboarded successfully, you will need to fund your account. All you need to do is hit the Deposits tab on the dashboard and select your preferred method for depositing funds.
How to get RS2 shares
Head over to the search bar at the top of your screen and input one of the following options, depending on your situation:
- RS2 Software PLC IPO – Existing Shareholders
- RS2 Software PLC IPO – Employees
- RS2 Software PLC IPO – New Shareholders
Select the appropriate instrument from the list and then click on the Buy button on the new window.
Next, a New Order page will appear, where you’ll find details of your order, as well as the trade value. Orders can be submitted for a minimum quantity of 1,000 shares and in multiples of 100 shares thereafter, so if you do not wish to buy more than that amount of shares, there is no need to increase the quantity field.
All you need to do now is simply hit the Place Order button at the very bottom and you’re all set.
Orders will be accepted from the 26th of February, while all orders must be submitted by no later than the closing date, 30th of March at 16:00.
Bear in mind that the offer may close at an earlier date without prior notice if it is over-subscribed.
A copy of the prospectus can be downloaded here.
A note on Preference Shares
Issued by companies seeking to raise capital, preference shares, also known as preferred shares or preferred stocks, is a type of security that has characteristics similar to both common shares and fixed-income security. Unlike ordinary shares, these come with no voting rights, however, they are considered less risky and typically attract conservative investors.
Established in 1988 by Reinhold Schäffter and Richard Stacks who identified the need for a new type of payment solutions software, the two senior banking executives founded RS2 and developed BankWorks to serve as a core banking application, initially implemented in Germany. Since then, the company has moved from strength to strength, becoming a global player in the sector.
Designed around an open framework, RS2 allows for a personalised payment solution that can suit businesses’ unique needs, while it offers end-to-end solutions across all channels be it mobile, e-commerce or cardholder, as well as EMV payment methods and ATM. With offices in Germany, Malta, the U.S., Jordan, the Philippines and Brazil, RS2’s secure payment services, payments software and managed services are offered to over 130 clients across the globe, many of which are among the world’s leading and most innovative financial companies.
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