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Unusual Price and Volume Movement

Date : 04/30/2012 @ 7:34AM
Source : UK Regulatory (RNS & others)
Stock : Rcg Holdings (RCG)
Quote : 1.625  0.0 (0.00%) @ 12:00AM
RCG share price Chart

Unusual Price and Volume Movement

TIDMRCG

RNS Number : 3587C

RCG Holdings Limited

30 April 2012

30 April 2012

RCG Holdings Limited

("RCG" or the "Company" and together with its subsidiaries, the "Group")

Unusual Price and Volume Movements

The Company's share price on the Stock Exchange of Hong Kong increased by 37.5% on 30 April 2012, with the accompanying volume being higher than average. Consequently, the Company has made the following announcement today in Hong Kong:

"This announcement is made at the request of The Stock Exchange of Hong Kong Limited (the "Stock Exchange").

The board of directors (the "Board") of RCG Holdings Limited (the "Company") has noted the recent unusual increase in the price and volume of the shares of the Company traded on the Stock Exchange and wishes to state that the Board is not aware of any reason for such movements.

The Board confirms that there are no negotiations or agreements relating to intended acquisitions or realisations which are discloseable under rule 13.23 of the Rules Governing the Listing of Securities on the Stock Exchange ("Listing Rules"), neither is the Board aware of any matter discloseable under general obligation imposed by rule 13.09 of the Listing Rules, which is or may be of a price-sensitive nature.

Made by the order of the Board, the directors of which individually and jointly accept responsibility for the accuracy of this announcement."

- Ends -

Enquiries:

 
 RCG Holdings Limited                 Tel: +852-2637 2800 
 Danny Chew, Acting Chief Executive 
  Officer 
 ir@rcg.tv 
 
 
 Smith & Williamson Corporate Finance 
  Limited 
 (Nominated adviser and broker) 
 Dr. Azhic Basirov / David Jones        Tel: +44 (0) 20 7131 4000 
 

About RCG

RCG, a leading global provider of integrated biometrics and RFID security solutions, is publicly quoted and its shares are listed on the Main Board of the Stock Exchange of Hong Kong Limited and admitted to trading on the AIM Market of the London Stock Exchange and the PLUS market. The Company has a growth strategy focusing on long-term projects, solutions and services and development of new applications and revenue streams, particularly in the security applications industry.

This information is provided by RNS

The company news service from the London Stock Exchange

END

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