RM2 International SA Proposed Equity Offering Update (9132L)
July 24 2017 - 7:49AM
UK Regulatory
TIDMRM2
RNS Number : 9132L
RM2 International SA
24 July 2017
24 July 2017
RM2 International S.A.
("RM2" or the "Company")
Proposed Equity Offering Update
RM2 International S.A., the sustainable composite pallet
innovator, announced as part of its 2016 audited annual results,
which were released on 30 June 2017, that it would undertake
negotiations to arrange an additional financing, which was expected
to amount to at least USD 65.0 million.
The Company announces today that following market soundings over
the last two weeks, the Board has concluded that the best interests
of the Company and its shareholders would not be served by
completing the current proposed equity offering for an amount up to
GBP60 million at this time. The Board continues to pursue various
other financing alternatives, which may include the issuance of
equity and/or debt instruments.
This announcement contains inside information for the purposes
of Article 7 of EU Regulation 596/2014 ("MAR"). In addition, prior
to publication, certain information contained within this
Announcement was deemed to constitute inside information for the
purposes of Article 7 of MAR. Market soundings (as defined in MAR)
were taken in respect of the possible equity offering with the
result that certain persons became aware of inside information (as
defined in MAR), as permitted by MAR. Due to the publication of
this Announcement, those persons that received inside information
in a market sounding are no longer in possession of such inside
information relating to the Company and its securities.
For further information, please contact:
+44 (0)20 7638
RM2 International S.A. 9571
Jasper Judd, Chief Executive
Officer
Jean-Francois Blouvac, Chief
Financial Officer
Strand Hanson Limited (Nominated +44 (0) 20 7409
& Financial Adviser) 3494
James Spinney
Ritchie Balmer
James Bellman
+44 (0)20 3829
Zeus 5000
John Goold
+44 (0)20 7614
Arden Partners 5928
Ruari McGirr
Chris Hardie
+44 (0)20 7638
Citigate Dewe Rogerson 9571
Simon Rigby
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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