TIDMRMS
RNS Number : 9431T
Remote Monitored Systems PLC
24 July 2020
24 July 2020
Remote Monitored Systems plc ("Remote Monitored Systems", or the
"Company" )
AGM Results and Total Voting Rights
The Company's Annual General Meeting ("AGM") was held today at
10.30am. All resolutions were passed and the proxy votes were as
follows.
Resolution For Against Discretion to Chairman Withheld Total
1 54,483,672 2,046,757 Nil 22 56,530,451
----------- ---------- ----------------------- --------- -----------
2 53,679,050 2,851,379 Nil 22 56,530,451
----------- ---------- ----------------------- --------- -----------
3 53,893,336 2,637,093 Nil 22 56,530,451
----------- ---------- ----------------------- --------- -----------
4 52,327,230 4,103,199 Nil 100,022 56,530,451
----------- ---------- ----------------------- --------- -----------
5 52,327,230 4,103,199 Nil 100,022 56,530,451
----------- ---------- ----------------------- --------- -----------
6 52,327,230 4,103,199 Nil 100,022 56,530,451
----------- ---------- ----------------------- --------- -----------
7 52,327,230 4,103,199 Nil 100,022 56,530,451
----------- ---------- ----------------------- --------- -----------
Convertible Loan Notes
As approved at the AGM, the Company shall today issue 12 month
Convertible Loan Notes ("CLNs") to replace those issued in July
2019 and which matured on 4 July 2020. These CLNs are being issued
at a conversion price of 0.28p and with a 6% Payment in Kind
coupon, both in Ordinary Shares, in an amount of GBP35,333 to Nigel
Burton and GBP35,334 to Paul Ryan. On the issue of the CLNs, the
Company shall also grant 12,618,928 warrants to each of Mr Burton
and Mr Ryan exercisable into Ordinary Shares at an exercise price
of 0.28p per warrant and expiring 12 months from today. Mr Trevor
Brown's previous CLNs are being repaid in a total amount of
GBP33,333 and Mr. Brown will not therefore be issued with
replacement CLNs.
Share Reorganisation and Total Voting Rights
With effect from 27 July 2020, following today's shareholder
approval of the share reorganisation to subdivide each existing
ordinary share of 0.2 pence each ("Existing Ordinary Share") into
one new ordinary share of 0.01 pence each ("New Ordinary Share")
and one deferred share of 0.19 pence each ("Deferred Share"), the
total issued share capital of the Company will consist of
774,006,790 ordinary shares of 0.01 pence each in issue, none of
which are held in treasury. Therefore, the total number of voting
rights in the Company will be 774,006,790.
Each New Ordinary Share resulting from the share reorganisation
will have the same rights (including voting and dividend rights and
rights on a return of capital) as each Existing Ordinary Share
except that they will have a nominal value of 0.01 pence each. The
Deferred Shares will have limited rights and will effectively carry
no value. No application has been made for the Deferred Shares to
be admitted to trading on AIM and the Articles of Association will
be amended accordingly.
The above figure of 774,006,790 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
Paul Ryan (Non-Executive Chairman) +32 475 754 148
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
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: Paul Ryan
--------------------------------- -------------------------------------------------
2. Reason for the notification
------------------------------------------------------------------------------------
a) Position/status: Non-Executive
Chairman
--------------------------------- -------------------------------------------------
b) Initial notification/Amendment: Initial notification
--------------------------------- -------------------------------------------------
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 financial Ordinary shares
instrument, type of instrument: of 0.01 pence
Identification code: each
GB00BFX0ZN92
--------------------------------- -------------------------------------------------
b) Nature of the transaction: a) CLN Subscription
b) Warrants
--------------------------------- -------------------------------------------------
c) Price(s) and volume(s): a) CLN Subscription Price(s) Volume(s)
0.28
p 12,618,928
-----------
b) Issue of warrants Price(s) Volume(s)
0.28
p 12,618,928
-----------
--------------------------------- -------------------------------------------------
d) Aggregated information: See 4c) above
Aggregated volume:
Price:
--------------------------------- -------------------------------------------------
e) Date of the transaction: 24 July 2020
--------------------------------- -------------------------------------------------
f) Place of the transaction: Outside a trading
venue
--------------------------------- -------------------------------------------------
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
RAGQXLFLBDLLBBF
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