Remote Monitored Systems PLC Result of General Meeting (9186I)
August 17 2021 - 7:31AM
UK Regulatory
TIDMRMS
RNS Number : 9186I
Remote Monitored Systems PLC
17 August 2021
17 August 2021
The information contained within this announcement is deemed by
the Company to constitute inside information as stipulated under
the Market Abuse Regulations (EU) No. 596/2014 ('MAR') which has
been incorporated into UK law by the European Union (Withdrawal)
Act 2018. Upon the publication of this announcement via Regulatory
Information Service ('RIS'), this inside is now considered to be in
the public domain.
Remote Monitored Systems plc
("RMS" or the "Company")
Result of General Meeting
The Company announces that the votes cast for the resolution at
today's general meeting ("GM") were as follows:
Resolution For % Against % % of Withheld
issued
share
capital
That the Directors be
authorised to complete
the transfer by the Company
and Braveheart Investment
Group plc of 615,054
A ordinary shares in
Gyrometric Systems Ltd
("Gyrometric"), in aggregate,
to the founders of Gyrometric
(the "Transfer"), and
the associated variation
of the existing Gyrometric
1. Shareholder's agreement 474,219,268 93.56% 32,632,326 6.44% 24.4% 5,789,322
============================== =========== ====== ========== ===== ========= =========
Accordingly, the existing shareholders' agreement will be
terminated and all loans will be written off (including those from
RMS and Braveheart). RMS and Braveheart will each transfer the
majority of their shares in Gyrometric to its founders; David
Orton, Dr Paul Orton and Dr Janet Poliakoff (the "Founders") for a
nominal sum; each retaining a small shareholding (15% for RMS and
6.43% for Braveheart, down from 58% and 19.5% respectively).
Following the Transfer, the Founders will together hold 75.1% and
Anthony Ferguson, a non-executive director of Gyrometric, will
retain 3.47%.
- ENDS -
ENQUIRIES :
Remote Monitored Systems plc
Antony Legge (Executive Chairman) +44 77 6355 5919
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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