NEWS | Wednesday, 28 May 2008

BOV appointed Manager, Registrar and Underwriter in the RS2 Software p.l.c. Initial Public Offering (IPO)

Bank of Valletta p.l.c. affirms its leadership in the domestic Investment Banking sector, and is proud to assist RS2 Software p.l.c. in the listing of its equity capital on the Official list of the Malta Stock Exchange. Malta-based RS2 Software p.l.c., a global provider of Card Payment Solutions will be making a Combined Offering available 12,500,000 shares at a Share Price of €0.80c. The offer period will be between 9 and 13 June 2008, subject to the right of the Company/Offeror to close the subscription lists early.
Speaking about Bank of Valletta’s involvement in this Combined Offering, Charles Borg, Bank of Valletta’s Chief Officer Financial Markets and Investments said: “Bank of Valletta has been the pioneer, domestically, in Investment Banking and continues to affirm its leadership role in this business thereby assisting organisations such as RS2 Software p.l.c. in funding themselves through the Capital Markets. We are proud to be associated with the RS2 IPO and are confident that RS2 will prove to be a fine investment proposition during the months and years ahead.”
RS2 Software has been in operation for circa 20 years and has built an enviable portfolio of foreign clients, made up of banks and service providers, with known operations in 23 different countries throughout Europe, the Middle East, and North America. The Company successfully licenses its leading card management software, trademarked BankWORKS®, and is one of the few companies world-wide that can boast to be able to offer end-to-end card solutions ranging from the issuing of cards, to ATM management, to point-of-sale control and virtually anything else related to the card industry.
Through this Share Issue, RS2 is now seeking to consolidate and expand its markets using a more structured approach aimed at the opening of new regional offices and further research and development to enhance its intellectual property platform and the development of a training academy.