RS2 plc - Interim Directors’ Statement

On 5 June, RS2 Software plc published an Interim Directors’ Statement to update the market on its current business pipeline.

As initially announced in November 2017, the RS2 Group has successfully formed a strategic alliance and a processing services agreement with one of the largest players in the travel and tourism industry in order to deliver Global Acquiring Services to international airlines, travel agents, hotels and car rental firms around the globe. RS2 will be delivering an efficient and streamlined operation as well as consolidating payments and reporting to these businesses covering all payment channels.

The announcement also revealed other agreements and implementations, namely:

• a new 3-year processing agreement with Finanfarma in Portugal;

• a contract with a European partner providing for non-EU processing and global acquiring services for both ‘card present’ and ‘card not present’ payment transactions;

• a second implementation in Latin America of its managed services solution to a major European player in the payment and technology services.

Additionally, RS2 is also in the final stages of concluding the following contracts:

• a manged services agreement with a major player in the ASEAN region considered as a leading payment service provider;

• a processing agreement with a US payment services provider to process their business in the European market.

Furthermore, in line with the Group’s plans to penetrate the US market, in February 2018 RS2 recruited Daniela Mielke, a veteran in the Payments and FinTech industry in the US. Ms Meilke was appointed as CEO for RS2’s North American business and thus will be spearheading sales and market entry strategy as well as project delivery in the region, together with customer relationship management and product development for the US market whilst also working with corporate management in the Group’s overall strategy.