Remote Monitored Systems PLC Exercise of Options (3487O)
February 08 2021 - 8:23AM
UK Regulatory
TIDMRMS
RNS Number : 3487O
Remote Monitored Systems PLC
08 February 2021
8 February 2021
The information contained within this announcement is deemed by
the Company to constitute inside information stipulated under the
Market Abuse Regulation (EU) No. 596/2014. Upon the publication of
this announcement via the Regulatory Information Service, this
inside information is now considered to be in the public
domain.
Remote Monitored Systems plc ("RMS" or the "Company")
Exercise of Options
Remote Monitored Systems plc ("RMS" or the "Company") has been
notified that Paul Ryan, previous Non-Executive Chairman of the
Company, has exercised his last remaining 6,428,571 options at an
exercise price of 1.4p each ("Option Shares"). The consideration
received by the Company will be GBP90,000.00.
Application has been made for the Option Shares to be admitted
to trading on AIM ("Admission"). It is expected that Admission will
become effective and dealings will commence at 8:00a.m. on or
around 12 February 2021.
Following Admission, the Company will have 2,052,071,986
ordinary shares of 0.01p each in issue, none of which are held in
treasury. Therefore, the total number of voting rights in the
Company is 2,052,071,986. A further 6,000,000 warrants and
14,801,757 options remain unexercised.
The above figure of 2,052,071,986 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.
- ENDS -
ENQUIRIES :
Remote Monitored Systems plc via IFC Advisory
Antony Legge (Chairman)
John Richardson (Executive Director)
SP Angel Corporate Finance LLP +44 20 3470 0470
Nominated Adviser and Joint Broker
Stuart Gledhill
Caroline Rowe
Peterhouse Capital Limited +44 20 7469 0930
Joint Broker
Lucy Williams
IFC Advisory Ltd +44 20 3934 6630
Graham Herring
Zach Cohen
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END
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