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Remote Monitored Sys - Issue of Equity

RNS Number : 1584V
Remote Monitored Systems PLC
29 November 2019
 

Certain information contained in this announcement would have been deemed inside information for the purposes of Article 7 of Regulation (EU) No 596/2014 until the release of this announcement.

 

29th November 2019

Remote Monitored Systems plc

("Remote Monitored Systems", the "Company" or the "Group")

Issue of Equity

Remote Monitored Systems Plc ("RMS" or the "Company") is pleased to announce that it has today agreed to issue an aggregate 6,000,000 Ordinary Shares (the "Shares") in the Company to several senior members of staff.

 

Trevor Brown executive director of RMS said: "The Board wishes to ensure our senior staff are incentivised to help develop the business together with the Board and this issue of equity is in line with that approach."

 

Details of the Share Issue

Application will be made for the Shares, which will rank pari passu with the existing ordinary shares in the Company, to be admitted to trading on AIM ("Admission").  It is expected that Admission will become effective and dealings will commence at 8:00 a.m. on or around 5 December 2019. 

Total Voting Rights

Following Admission, the total issued share capital of the Company will consist of 500,656,790 ordinary shares of 0.2p each in issue, none of which are held in treasury. Therefore, the total number of voting rights in the Company is 500,656,790.

 

The above figure of 500,656,790 may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change in their interest in, the share capital of the Company under the FCA's Disclosure and Transparency Rules.

ENQUIRIES:

 

Remote Monitored Systems plc

 

Trevor Brown (Executive Director)

+41 7941 55384

Nigel Burton (Non-Executive Chairman)

+44 7785 234447

 

 

SP Angel Corporate Finance LLP

 

Nominated Adviser and Joint Broker

 +44 20 3470 0470

Stuart Gledhill

 

Jeff Keating

 

Caroline Rowe

 

 

 

Peterhouse Corporate Finance

 

Joint Broker

+44 20 7469 0930

Lucy Williams

 

 


This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com.
 
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Quick facts: Remote Monitored Systems

Price: 0.165

Market: LSE
Market Cap: £826.08 k
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