RS2 Software plc - Quote

RS2 Software plc - Profile

RS2 International (Malta) Limited was originally incorporated as an offshore company on 5 April 1993 under the Malta International Business Activities Act and continued to operate under the Companies Act with effect from 7 February 2000. The Company changed its name to RS2 Software Limited on 6 June 2006 and was converted into a public limited company on 24 April 2008.

The Company is a global provider of card payment solutions, IT consultancy and related services to international and domestic banks, service providers, retailers and other financial organisations. RS2 has focused on development and implementation of client/server based card payment solutions under the trade name BankWORKS® which is certified by major international card organizations such as VISA International, MasterCard, Diners and American Express and is used by over 30 banks and service providers servicing circa 300 clients in 28 countries. RS2 has offices in Germany, Malta, Jordan, Philippines and USA.

The Company grants non-exclusive licenses to use BankWORKS® to financial institutions and service providers and also provides maintenance, support and enhanced services to its clients. BankWORKS® is an end-to-end solution supporting all aspects of card issuing and acquiring services needed by financial organisations to operate as professional players in the market. The Company’s success has been based on the development and marketing of BankWORKS® from the Company’s premises in Malta and strategic marketing alliances with companies based in other jurisdictions such as RS Consult GmbH (“RS Consult”) in Germany and NEPS I/S (“NEPS”) in Scandinavia. RS Consult assists the Company in its marketing efforts to further penetrate the European market. In addition, the employees of RS Consult also provide consultancy, project management, documentation, testing, system configuration, client support, system analysis testing and project co-ordination to clients of the Company at its request. RS Consult enjoys a defined subcontractor relationship with the Company.

NEPS I/S is a joint venture company entered into by Reinhold Schäffter (RS2’s previous Chairman) in his personal capacity and a client of the Company (XponCard). NEPS and RS2 entered into an agreement in October 2004 authorising NEPS to promote, market and sell BankWORKS® in Scandinavian markets as well as Latvia, Lithuania, Poland, the Faroe Islands, Iceland and Greenland. This agreement came to an end in 2011.

RS2 is also a key Oracle Partner. As a result of this partnership opportunities for the Company are increasing in new markets such as Turkey since Oracle is also working concurrently to penetrate these new markets.

On 19 December 2008 RS2 Software acquired a plot of land measuring approximately 5,757 square meters in Mosta for a total consideration of €3.3 million. The Mosta premises were developed into the company’s new headquarters. The property provided RS2 with a premises that matches its international profile to attract customers that are larger players in the market. Moreover, the property investment also opens up opportunities to venture into new business segments, such as the managed service offering. RS2 Software plc completed the head office development in August 2012.

On 18 May 2012, RS2 set up a new fully owned subsidiary, RS2 Smart Processing Ltd, as the Group’s managed services arm. This new subsidiary will complement and enhance the service offering by providing clients with both alternatives available for their card management and processing business, that is licensing and managed services.

The board of directors of RS2 Software plc are; Mario Schembri (Chariman), Radi El Haj, Robert Tufigno, Maurice Xuereb, Franco Azzopardi and Ivan Gatt (Company Secretary).

Share Capital

In June 2008, 37,500,000 shares of RS2 Software plc with a nominal value of €0.20 each were admitted to the Official List of the Malta Stock Exchange following an IPO in which Information Technology Management Holding Limited offered 7,500,000 shares to the public and the Company issued 5,000,000 new shares for a total combined offering of 12,500,000 shares at a price of €0.80 per share.

On 13 April 2012, RS2 Software plc announced a 1 for 15 bonus issue. 39,999,956 new shares were issued through the capitalisation of €499,991 from the share premium reserve on 15 June 2012. This bonus issue increased RS2’s issued share capital to 39,999,956 ordinary shares with a nominal value of €0.20 each fully paid up.

RS2 Software plc - Financials

RS2 Software plc Interim Accounts

RS2 Software plc Final Accounts

News for RS2 Software plc

RS2 Software plc - Downloads

• RS2 Software plc - 2012 Annual Report (2.2 MiB, 6 hits)
• RS2 Software plc - Investor Fact Sheet - December 2012 (178.4 KiB, 84 hits)
• RS2 Software plc - Investor Fact Sheet - June 2012 (190.5 KiB, 216 hits)
• RS2 Software plc - 2011 Annual Report (1.9 MiB, 403 hits)
• RS2 Software plc - 2010 Annual Report (3.5 MiB, 290 hits)
• RS2 Software plc - Investor Fact Sheet (188.0 KiB, 319 hits)
• RS2 Software plc - 2010 Annual General Meeting Presentation - June 2010 (379.6 KiB, 364 hits)
• RS2 Software plc - 2009 Annual Report (1.6 MiB, 552 hits)
• RS2 Software plc - Initial Public Offering Document May 2008 (2.5 MiB, 811 hits)
• RS2 Software plc - Presentation to Stockbrokers March 2009 (3.0 MiB, 2,402 hits)