Director Dealing

RNS Number : 6043R

Remote Monitored Systems PLC

30 June 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.

30 June 2020

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

Director Dealing

Remote Monitored Systems plc, the AIM quoted monitoring, intelligence and security company, was informed today that Trevor Brown, Executive Director of the Company, sold a total of 119,637,590 ordinary shares of 0.2 pence in the Company to Braveheart Investment Group plc ("Braveheart") at a price of 0.275 pence per share, for a total consideration of £329,003 , satisfied by the issue of new Braveheart shares to Mr Brown, bringing his holding in Braveheart to 24.8%.   

Trevor Brown is the CEO of Braveheart. Upon completion of the transaction, Braveheart will own 18.1 per cent. of the issued share capital of the Company and Trevor Brown will no longer have a holding of ordinary shares in the Company.

- ENDS -

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.

ENQUIRIES :

Remote Monitored Systems plc

Trevor Brown (Executive Director)  [phone]

Nigel Burton (Non-Executive Chairman)                                                                 [phone]

SP Angel Corporate Finance LLP                                                                [phone]

Nominated Adviser and Joint Broker

Stuart Gledhill

Caroline Rowe

Peterhouse Corporate Finance   [phone]

Joint Broker

Lucy Williams

Fungai Ndoro

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	Trevor Brown
2	Reason for the notification
a)	Position/status	Executive Director
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 0.2 pence each   GB00BFX0ZN92
b)	Nature of the transactions	Sale of ordinary shares
c)	Price(s) and volume(s)	Price(s) 0.275p	Volume(s) 119,637,590
d)	Aggregated information - Aggregated volume - Price - Principal amount	Single transaction as in 4 c) above
e)	Dates of the transaction	30 June 2020
f)	Place of transaction	Off-market

 

END

 

 

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