RM2 International SA Issuance of Shares, Director Shareholdings and TVR (9275K)
September 02 2019 - 8:54AM
UK Regulatory
TIDMRM2
RNS Number : 9275K
RM2 International SA
02 September 2019
2 September 2019
RM2 International S.A.
("RM2" or the "Company")
Issuance and Transfer of Shares, Director Shareholdings, Total
Voting Rights
RM2 today announces that, following the approval received at the
General Meeting of Shareholders held on 31 July 2019, the second
instalment of the First Tranche Placing has now completed through
the issuance of 50,000,000 new Ordinary Shares (the "Second
Instalment Shares") to Richard Cashin at the Placing Price for
$1,000,000. Immediately following issuance of the Second Instalment
Shares, and pre the transfers described in the below paragraph, but
post the transfers referred to in the Company's announcement dated
27 August 2019 which have now completed, Richard Cashin's holding
stands at 89,367,087 Ordinary Shares.
As previously announced, Richard Cashin is expected to be
on-selling at the Placing Price (i) 5,000,000 of the Second
Instalment Shares to The Accommodation Trust (a family vehicle of
R. Ian Molson, the Company's Chairman) and (ii) 5,419,646 of the
Second Instalment Shares to Polygon Global Partners LLP. Upon
settlement of these two transfers, Richard Cashin's holding will
stand at 78,947,441 Ordinary Shares.
The table below sets out the positions of the Company's
Significant Shareholders (as defined in the AIM Rules) following
the issuance of the Second Instalment Shares and upon settlement of
the two transfers described above, as well as those expected
positions following the issue of the First Tranche Placing Shares
and the Second Tranche Placing Shares (assuming the Conditions are
met).
Holding % of currently Holding % of First Holding Holding
of Ordinary issued of Ordinary Tranche of Ordinary of Ordinary
Shares* share Shares Enlarged Shares Shares
capital* after Share after after
admission Capital* admission admission
of First of Second of Second
Tranche Tranche Tranche
Placing Placing Placing
Shares* Shares* Shares*
Richard Cashin 78,947,441 56.3% 118,527,795 62.3% 234,756,357 69.0%
------------- --------------- ------------- ----------- ------------- -------------
Woodford Investment
Management,
LLP, acting
on behalf of
funds under
its management 23,720,250 16.9% 23,720,250 12.5% 23,720,250 7.0%
------------- --------------- ------------- ----------- ------------- -------------
Polygon Global
Partners LLP 12,356,183 8.8% 17,775,829 9.3% 34,034,767 10.0%
------------- --------------- ------------- ----------- ------------- -------------
R. Ian Molson
and
associated
Family Trusts 12,448,499 8.9% 17,448,499 9.2% 32,448,499 9.5%
------------- --------------- ------------- ----------- ------------- -------------
* The figures stated above assume the completion of the
transfers to The Accommodation Trust and Polygon Global Partners
LLP described herein, that both the First Tranche Placing and the
Second Tranche Placing are completed and that there are no other
changes to the Company's issued share capital between today's date
and the completion of the Second Tranche Placing.
Total Voting Rights
Application has been made to the London Stock Exchange for the
admission of the 50,000,000 Second Instalment Shares to trading on
AIM, which is expected to occur at 8.00 a.m. on 4 September 2019.
Application for the admission of subsequent instalments of Placing
Shares is expected to be made such that admission to trading on AIM
will shortly follow the issuance of each instalment of Placing
Shares.
Following the issue of the First Instalment Shares, the
Company's issued share capital will be comprised of 140,347,671
Ordinary Shares, of which 193,500 Ordinary Shares are held by the
Company as non--voting treasury stock ("Treasury Shares"). The
total number of voting rights in the Company is calculated as the
number of outstanding Ordinary Shares less Treasury Shares, which
results in a total voting rights figure of 140,154,171.
Shareholders may use this figure of 140,154,171 as the denominator
for the calculations by which they will determine if they are
required to notify their interest in, or change their interest in,
the Company under the Financial Conduct Authority's Disclosure and
Transparency Rules and the Company's articles.
Capitalized terms not otherwise defined herein have the meanings
ascribed thereto in the Company's RNS issued on 22 July 2019.
For further information:
RM2 International S.A. +352 2744 9653
Kevin Mazula, Chief Executive Officer
Jean-Francois Blouvac, Chief Financial
Officer
Strand Hanson Limited (Nominated & Financial
Adviser and Broker) +44 (0) 20 7409 3494
James Spinney / Ritchie Balmer / James
Bellman
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").
Notes to Editors
RM2 International S.A. specialises in smart pallet development,
manufacture, supply and management to establish a leading presence
in global pallet supply and improve the supply chain of
manufacturing and distribution businesses through the effective and
efficient use and management of composite pallets. It is quoted on
the AIM market of the London Stock Exchange under the symbol RM2.L.
For further information, please visit www.rm2.com.
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
MSCLTMTTMBAMBTL
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