Grant of Share Options

RNS Number : 7505E

Remote Monitored Systems PLC

10 November 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.

10 November 2020

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

Grant of Share Options

The Company announces that on 9 November 2020, it granted a total of 77,603,512 options ("Options") over ordinary shares of 0.01 pence each in the Company ("Ordinary Shares") under its existing share incentive scheme. 38,801,756 were granted to Trevor Brown, Executive Director of the Company, and 38,801,756  were granted to Paul Ryan, Non-Executive Chairman of the Company. This grant of Options accounts for approximately 5% per cent. of the Company's total issued share capital..

The Options have an exercise price of 1.40p per share (being the closing mid-market share price on 9 November 2020), vest immediately, and are exercisable for a period of 5 years.

The Company has no current share options in issue. Under the Company's existing share incentive scheme as set out in the Company's original AIM Admission Document, options granted to subscribe for new Ordinary will not exceed 5 per cent. of the Company's issued share capital without the prior approval of the Company's Shareholders.

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

Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	1)  Trevor Brown 2)  Paul Ryan
2	Reason for the notification
a)	Position/status	1)  Executive Director 2)  Non-Executive Chairman
b)	Initial notification /Amendment	Initial Notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Remote Monitored Systems plc
b)	LEI	213800VR2P5DDQHYZO48
4	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial instrument, type of instrument Identification code	Ordinary shares of 0.01 pence each         GB00BFX0ZN92
b)	Nature of the transactions	Grant of share options
c)	Price(s) and volume(s)	Price(s) 1.  1.4p 2.  1.4p	Volume(s) 38,801,756  38,801,756
d)	Aggregated information - Aggregated volume - Price - Principal amount	Single transactions as in 4 c) above
e)	Dates of the transaction	9 November 2020
f)	Place of transaction	Off market transaction

 

END

 

 

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