RM2 International SA Board Appointment and Increase in Treasury Shares (8360O)
August 24 2017 - 1:00AM
UK Regulatory
TIDMRM2
RNS Number : 8360O
RM2 International SA
24 August 2017
24 August 2017
RM2 International S.A.
("RM2" or the "Company")
Board Appointment and Increase in Treasury Shares
RM2 International S.A., the sustainable composite pallet
innovator, is pleased to announce that further to the Company's
announcement on 3 August 2017, Chief Executive Officer, Kevin
Mazula, has been appointed to the board of directors of the Company
(the "Board"). Mr Mazula replaced Mr Judd as Chief Executive
Officer.
As stated in the Company's announcement on 3 August 2017, Kevin
was appointed as RM2's Chief Operating Officer in April 2016 (and
then Chief Executive Officer on 2 August 2017) and has over 20
years of managerial experience, having successfully run and grown
businesses in a range of industries and geographies. Most recently,
he was Chief Commercial Officer at PRIMUS Technologies Corp, having
previously served as a Senior Vice President of Xerox Corporation,
where he led global productivity and cost competitiveness
initiatives for the firm. Prior to that, he was Vice President of
Global Business Units at Jabil Inc, a global manufacturing services
company. Kevin started his career at General Electric with
leadership roles in engineering, operations, and programme
management. Kevin graduated with honours from the Wharton School
where he earned his MBA in International Finance. As a Lauder
Fellow, he was also awarded a MA in International Studies from the
University of Pennsylvania. Kevin earned his BSc degree in
Mechanical Engineering from the Massachusetts Institute of
Technology.
Forfeiture of Restricted Shares, Increase in Treasury Shares and
Total Voting Rights
The resignation of Mr Judd as Chief Executive Officer and from
his position on the Board, led to Mr Judd forfeiting his right to
the 2,500,000 restricted shares and 10,000,000 shares options in
the Company that were awarded to him as announced on 11 July
2017.
Following this forfeiture, the Company's issued share capital is
comprised of 407,062,656 ordinary shares of US$0.01 each in the
Company ("Ordinary Shares") and 134,815,771 Convertible Preferred
Shares, of which 2,916,334 Ordinary Shares are held by the Company
as non-voting treasury stock.
The total number of voting rights in the Company is therefore
538,962,093. Shareholders may use this figure of 538,962,093 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 Conduct Authority's
Disclosure and Transparency Rules.
Additional information on Mr Mazula
The following additional information is provided in accordance
with paragraph (g) of Schedule Two to the AIM Rules for
Companies:
Kevin Curtis Mazula, aged 57, holds 4,500,000 options over
Ordinary Shares. Mr Mazula has no other interest in the
Company.
Mr Mazula has no current or past Directorships and Partnerships
disclosable pursuant to Schedule 2(g) of the AIM Rules for
Companies.
There is no further information required to be disclosed
pursuant to paragraph (g) of Schedule Two to the AIM Rules for
Companies.
For further information, please contact:
+44 (0) 20 7638
RM2 International S.A. 9571
Kevin Mazula, 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 (Broker) 5000
Hugh Kingsmill Moore
Citigate Dewe Rogerson (Financial +44 (0) 20 7638
PR) 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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