Remote Monitored Systems PLC Director Dealing (6043R)

TIDMRMS

RNS Number : 6043R

Remote Monitored Systems PLC

30 June 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.

30 June 2020

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

Director Dealing

Remote Monitored Systems plc, the AIM quoted monitoring, intelligence and security company, was informed today that Trevor Brown, Executive Director of the Company, sold a total of 119,637,590 ordinary shares of 0.2 pence in the Company to Braveheart Investment Group plc ("Braveheart") at a price of 0.275 pence per share, for a total consideration of GBP329,003 , satisfied by the issue of new Braveheart shares to Mr Brown, bringing his holding in Braveheart to 24.8%.

Trevor Brown is the CEO of Braveheart. Upon completion of the transaction, Braveheart will own 18.1 per cent. of the issued share capital of the Company and Trevor Brown will no longer have a holding of ordinary shares in the Company.

- ENDS -

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.

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

Caroline Rowe

Peterhouse Corporate Finance +44 20 7469 0930

Joint Broker

Lucy Williams

Fungai Ndoro

Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them

 
 1    Details of the person discharging managerial responsibilities 
       / person closely associated 
     ------------------------------------------------------------------------------ 
 a)   Name                                  Trevor Brown 
     ------------------------------------  ---------------------------------------- 
 2    Reason for the notification 
     ------------------------------------------------------------------------------ 
 a)   Position/status                       Executive Director 
     ------------------------------------  ---------------------------------------- 
 b)   Initial notification                  Initial Notification 
       /Amendment 
     ------------------------------------  ---------------------------------------- 
 3    Details of the issuer, emission allowance market participant, 
       auction platform, auctioneer or auction monitor 
     ------------------------------------------------------------------------------ 
 a)   Name                                  Remote Monitored Systems plc 
     ------------------------------------  ---------------------------------------- 
 b)   LEI                                   213800VR2P5DDQHYZO48 
     ------------------------------------  ---------------------------------------- 
 4    Details of the transaction(s): section to be repeated 
       for (i) each type of instrument; (ii) each type of transaction; 
       (iii) each date; and (iv) each place where transactions 
       have been conducted 
     ------------------------------------------------------------------------------ 
 a)   Description of the                    Ordinary shares of 0.2 pence each 
       financial instrument, 
       type of instrument                    GB00BFX0ZN92 
       Identification code 
     ------------------------------------  ---------------------------------------- 
 b)   Nature of the transactions            Sale of ordinary shares 
     ------------------------------------  ---------------------------------------- 
 c)   Price(s) and volume(s)                Price(s)          Volume(s) 
 
                                             0.275p            119,637,590 
     ------------------------------------  ----------------  ---------------------- 
 d)   Aggregated information 
       - Aggregated volume                    Single transaction as in 4 c) above 
       - Price 
       - Principal amount 
     ------------------------------------  ---------------------------------------- 
 e)   Dates of the transaction              30 June 2020 
 
 f)   Place of transaction                  Off-market 
     ------------------------------------  ----------------------------------------

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END

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