Issue of Options

RNS Number : 4012Q

Remote Monitored Systems PLC

25 February 2021

 

25 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")

Issue of Options

On 12 February, the company announced that it was reviewing the remuneration packages of staff, which would include the issue of small number of options.  Following this review, the Company announces that it has issued 4 million options under the Company's existing share option scheme, to two employees of Pharm 2 Farm Limited, as set out below. The share options have an exercise price of 1.5p with an exercise period from 23 August 2021 to 22 August 2024.

The Company also confirms that the options issued to Alex Vergopoulos, as announced on 18 February, have been priced at 1.85p each, being the closing price on the day of the announcement.

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	1.  Graeme Todd 2.  Karen Davies
2	Reason for the notification
a)	Position/status	1.  Sales Director at Pharm2Farm Limited 2.  R&D Director at Pharm2Farm Limited
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	Issue of options
c)	Price(s) and volume(s)	Price(s) 1. 1.5p 2. 1.5p	Volume(s)  2,000,000  2,000,000
d)	Aggregated information - Aggregated volume - Price - Principal amount	Single transactions as in 4 c) above             4,000,000 options at 1.5p
e)	Dates of the transaction	23 February 2021
f)	Place of transaction	Outside a trading venue

- ENDS -

ENQUIRIES :

Remote Monitored Systems plc	via IFC Advisory
Antony Legge (Chairman)
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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