RM2 Rm2 International S.a.

TIDMRM2

RNS Number : 7089F

RM2 International SA

29 July 2016

29 July 2016

RM2 International S.A.

Issuance of Convertible Preferred Shares

RM2 International S.A. ("RM2" or the "Company"), the vertically-integrated innovator in pallet development, manufacture, supply and management, today confirms that as announced on June 30, 2016 and pursuant to the authorization granted at the EGM held on July 22, 2016, the Company issued 42,328,042 Convertible Preferred Shares of $US0.01 in the capital of the Company at GBP0.35 per share, raising $20 million. Shareholders also authorized the issuance of additional Convertible Preferred Shares, enabling the Company to raise up to a further $10 million should it so elect.

RM2's issued share capital is composed of 400,305,156 Ordinary Shares of US$0.01 each and 42,328,042 Convertible Preferred Shares of $US0.01 in the capital of the Company, of which 342,334 Ordinary Shares are held by the Company as non-voting treasury stock. The total number of voting rights in the Company is 442,290,864. The Ordinary Shares are listed on the AIM Market of the London Stock Exchange. Application for listing the Convertible Preferred Shares on AIM is expected to be made in due course.

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 7653 
 RBC Capital Markets               4000 
 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

MSCRLMTTMBJTBIF

(END) Dow Jones Newswires

July 29, 2016 08:36 ET (12:36 GMT)

Rm2 (LSE:RM2)
Historical Stock Chart
From Apr 2024 to May 2024

Rm2 (LSE:RM2)
Historical Stock Chart
From May 2023 to May 2024