Exercise of Options

RNS Number : 5835N

Remote Monitored Systems PLC

01 February 2021

 

1 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 18,087,470 options at an exercise price of 1.4p each ("Option Shares"). The consideration received by the Company will be £253,224.58.

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 5 February 2021.

Following Admission, the Company will have 2,045,643,415 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 2,045,643,415.  A further 6,000,000 warrants and 21,230,328 options remain unexercised.

The above figure of 2,045,643,415 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

Antony Legge (Chairman)  via IFC Advisory

John Richardson (Executive Director)

SP Angel Corporate Finance LLP   [phone]

Nominated Adviser and Joint Broker

Stuart Gledhill

Caroline Rowe

Peterhouse Capital Limited  [phone]

Joint Broker

Lucy Williams

IFC Advisory Ltd  [phone]

Graham Herring

Zach Cohen

 

END

 

 

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