Potential Acquisition

RNS Number : 2796T

Remote Monitored Systems PLC

17 July 2020

 

Certain information contained in this announcement would have been deemed inside information for the purposes of Article 7 of Regulation (EU) No 596/2014 until the release of this announcement.

17 July 2020

Remote Monitored Systems plc ("Remote Monitored Systems", the "Company" or the "Group")

Potential Acquisition

The Board of Remote Monitored Systems plc is pleased to announce that it has entered into an exclusivity arrangement and agreed outline non-binding heads of terms in respect of a potential acquisition of a company that operates in the fast growing medtech and biosecurity sectors.

The consideration for the proposed acquisition, should it proceed, is expected to be satisfied by the issue of new Ordinary Shares in the Company.  The acquisition is subject, inter alia, to the completion of mutual due diligence by both parties and there can be no certainty that a transaction will proceed

Further announcements will be made in due course.

For further information, please contact:

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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