RM2 International SA Director/PDMR Shareholding (5177Y)
January 27 2014 - 1:00AM
UK Regulatory
TIDMRM2
RNS Number : 5177Y
RM2 International SA
27 January 2014
RM2 International S.A.
Director / PDMR Shareholding
RM2 International S.A. ("RM2" or the "Company") announces that,
on 24 January 2014, it issued a total of 2,316,405 ordinary shares
of $0.01 each in the Company (the "New Ordinary Shares") to certain
non-executive directors in RM2 as part of equity incentive
arrangements.
Following the issue of the New Ordinary Shares, the revised
shareholdings of the relevant directors of the Company are as
follows:
Name No. of New Ordinary Total No. of Ordinary % of Enlarged
Shares Issued Shares Held Issued Share Capital
Ian Molson 1,323,660 5,775,000 1.81
Sir Stuart
Rose 330,915 1,150,000 0.36
Amaury de Seze 330,915 1,150,000 0.36
Paul Walsh 330,915 1,434,091 0.45
Application has been made to the London Stock Exchange for the
New Ordinary Shares, which will rank pari passu with the Company's
existing Ordinary Shares, to be admitted to trading on AIM, and
admission is expected to become effective on 31 January 2014.
Following admission, the Company will have 318,560,156 Ordinary
Shares outstanding. The figure of 318,560,156 common shares may be
used by shareholders as the denominator for the calculations by
which they will determine if they are required to notify their
interest in, or change their interest in, the Company under the
Financial Services Authority's Disclosure and Transparency
Rules.
The New Ordinary Shares are subject to the restrictions
applicable to Restricted Shares and to the lock-in arrangements
detailed in paragraphs 6.2 and 12 (l) (respectively) of Part VII of
the Admission Document dated 17 December 2013 . Accordingly, a
Director holding Restricted Shares shall not sell, transfer,
mortgage, charge, encumber or otherwise dispose of any of his
Restricted Shares as long as certain performance conditions are not
fully satisfied (the "Performance Conditions"). The Performance
Conditions are linked to the volume weighted average quoted price
of the Ordinary Shares (the "Average Price") for a consecutive 30
day period (the "Relevant Period"). If the Average Price is 50 per
cent. higher than the Placing Price for the Relevant Period, the
Performance Condition in respect of one third of the Director's
Restricted Shares shall be fulfilled. If the Average Price is 75
per cent. higher than the Placing Price for the Relevant Period,
the Performance Condition in respect of a further one third of the
Director's Restricted Shares shall be fulfilled. If the Average
Price is 100 per cent. higher than the Placing Price for the
Relevant Period, the Performance Condition in respect of the final
third of the Director's Restricted Shares shall be fulfilled. If
any Performance Conditions are not fully satisfied by 19 November
2023, the Director shall transfer any of his remaining Restricted
Shares to the Company at a purchase price equal to the nominal
value of the Restricted Shares, being US$0.01 each.
For further information please contact:
RM2 International S.A. +44 (0)20 8820 1412
John Walsh, Chief Executive Officer
Ash Mohindra, Chief Financial Officer
Ruari McGirr, Strategic Development and
Investor Relations
Cenkos Securities plc +44 (0)20 7397 8900
Neil McDonald
Alan Stewart
Beth McKiernan
Citigate Dewe Rogerson +44 (0)20 7638 9571
Simon Rigby
Kevin Smith
Lindsay Noton
This information is provided by RNS
The company news service from the London Stock Exchange
END
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