Categories
Loading...
Categories
R Systems International Limited has announced a board meeting to discuss the Composite Scheme of Amalgamation with Velotio Technologies and Scaleworx Technologies, pending necessary approvals. The scheme includes the cancellation of Velotio's optionally convertible redeemable preference shares (OCRPS) and the issuance of R Systems’ OCRPS to Velotio’s shareholders based on a set swap ratio. A Shareholders Agreement has also been executed outlining the allocation of the new shares. This could enhance R Systems' market position through strategic consolidation, fostering a positive outlook among investors regarding future growth opportunities.