Remote Monitored Systems PLC Issue of Equity to an Adviser and TVR (6527J)
April 15 2020 - 2:00AM
UK Regulatory
TIDMRMS
RNS Number : 6527J
Remote Monitored Systems PLC
15 April 2020
`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.
15 April 2020
Remote Monitored Systems plc ("Remote Monitored Systems", the
"Company" or the "Group")
Issue of Equity to an Adviser and Total Voting Rights
Remote Monitored Systems plc, the AIM quoted monitoring,
intelligence and security company, announces that it has issued
equity on the same terms as the placing announced on 9 April 2020
in order to settle GBP51k of certain fees due or which will become
due to an adviser.
The adviser has elected to receive new Ordinary Shares of 0.2
pence each in the Company, (the "Adviser Shares") in lieu of fees
rather than the cash amount otherwise due. As a result of this,
20,400,000 New Ordinary Shares of 0.2 pence per share will be
issued to settle GBP51,000 of fees. Each Adviser Share will be
issued with one warrant per share exercisable at 0.5p per share for
a period of one year from the date of admission of these new shares
to AIM, which is expected to be on or around 20 April 2020.
Total Voting Rights
Following the issue of the Adviser Shares as described above
totaling 20,400,000 ordinary shares, the issued share capital of
the Company will consist of 661,056,790 ordinary shares. No shares
were held in treasury at the date of this announcement. The total
current voting rights in the Company are therefore 661,056,790.
The above figure of 661,056,790 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 +44 20 3470 0470
Nominated Adviser and Joint Broker
Stuart Gledhill
Jeff Keating
Caroline Rowe
Peterhouse Capital Limited
+44 20 7469 0930
Joint Broker
Lucy Williams
Duncan Vasey
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 rns@lseg.com or visit www.rns.com.
END
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