Exercise of Warrants

RNS Number : 3963D

Remote Monitored Systems PLC

28 October 2020

 

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.

28 October 2020

Remote Monitored Systems plc ("RMS" or the "Company")

Exercise of warrants

The Company has received notification to exercise a further 22,000,000 warrants at an exercise price of 0.5p each. The consideration received by the Company will be £110,000.

The 22,000,000 new Ordinary Shares ("Shares") arising from the exercise of these warrants have now been issued, and application has been made for them 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 2 November 2020.

Following Admission, the Company will have 896,627,261 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 896,627,261.

The above figure of 896,627,261 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)                                                                [phone]

Paul Ryan (Non-Executive Chairman)    [phone]

SP Angel Corporate Finance LLP                                                                          [phone]

Nominated Adviser and joint broker            

Stuart Gledhill

Caroline Rowe

Peterhouse Capital Limited                                                                                  [phone]

Joint broker 

Lucy Williams

Duncan Vasey

 

END

 

 

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