RS2 Software plc - New Agreements in LATAM & Iceland

On 5 April 2021, RS2 Software plc announced that it concluded a major processing outsourcing agreement with one of the largest European fintech companies which will enable them to provide acquiring services in Latin America. The agreement is for an initial term of 3 years with the option to extend yearly. Moreover, RS2 also signed a processing agreement in the Nordic with Landesbankinn in Iceland to provide omni-channel acquiring services to the bank.

RS2 added that the projected revenue from the above clients has been taken into consideration and is reflected in the projections as provided in the Prospectus dated 19 February 2021 relating to the issuance of new preference shares.

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