RM2 International SA Director/ PDMR Shareholding Correction (9591D)
July 12 2016 - 6:15AM
UK Regulatory
TIDMRM2
RNS Number : 9591D
RM2 International SA
12 July 2016
RM2 International S.A.
Director / PDMR Shareholding (Correction)
The announcement released by RM2 International S.A. entitled
"Director/ PDMR Shareholding" on 8 July 2016 at 15.45 incorrectly
stated the shareholdings of Ian Molson to be 1,275,000. The total
number of ordinary shares held by Ian Molson is 11,275,000. All
other figures remain unchanged. The correct figure is included in
the reissued announcement below:
Issued: 12 July 2016
Press release
RM2 International S.A. ("RM2" or the "Company") announces that,
on 8 July 2016, it issued 1,275,000 ordinary shares of $0.01 each
in the Company (the "New Ordinary Shares") to certain non-executive
directors in RM2 in lieu of cash payments of directors fees.
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 Total No. % of Enlarged
Ordinary Shares of Ordinary Issued Share
Issued Shares Held Capital
R. Ian Molson 275,000 11,275,000 2.82%
Jan Dekker 200,000 2,700,000 0.67%
Charles
Duro 200,000 537,500 0.13%
Lord Rose 200,000 1,350,000 0.34%
Amaury de
Seze 200,000 1,650,000 0.41%
Paul Walsh 200,000 1,939,091 0.48%
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 14 July 2016.
Following admission, the Company will have 400,305,156 Ordinary
Shares outstanding, including a further 1,000,000 restricted shares
issued under the Company's equity incentive plan today. Subtracting
the 342,334 Ordinary Shares held by the Company as non-voting
treasury stock, the total number of voting rights in the Company is
399,962,822. The figure of 399,962,822 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 restricted from trading until volume
weighted average quoted price of the Ordinary Shares for a
consecutive 30-day period equals or exceeds 100p.
In addition, the previously announced resolution to award
options to Jeff Blouvac, the Company's CFO was implemented on July
1, 2016, resulting in the award of options with an exercise price
of 23p, being the closing mid-market share price on 30 June 2016,
and a duration of 10 years. The options will cliff vest on the
third year anniversary date of their grant, but cannot be exercised
until the stock closes above a thirty-day average closing price of
100p.
For further information, please contact:
+44 (0)20 8820
RM2 International S.A. 1412
John Walsh, Chief Executive
Officer
Jean-Francois Blouvac, Chief
Financial Officer
+44 (0)20 7397
RBC Capital Markets 8900
Tristan Lovegrove
Pierre Schreuder
Ema Jakasovic
+44 (0)20 7638
Citigate Dewe Rogerson 9571
Rob Newman
Ellen Wilton
Notes to Editors
RM2 International S.A. specialises in pallet development,
manufacture, supply and management to establish a leading presence
in global pallet supply and improve the supply chain of
manufacturing and distribution businesses through the effective and
efficient use and management of composite pallets. It is quoted on
the AIM market of the London Stock Exchange under the symbol
RM2.L.
For further information, please visit www.rm2.com
This information is provided by RNS
The company news service from the London Stock Exchange
END
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