RM2 International SA Issue of Shares to Directors (8054L)
April 23 2018 - 6:55AM
UK Regulatory
TIDMRM2
RNS Number : 8054L
RM2 International SA
23 April 2018
23 April 2018
RM2 International S.A.
Issue of Shares to Directors
RM2 International S.A. ("RM2" or the "Company"), the sustainable
smart pallet innovator, announces that on 20 April 2018, it issued
15,900,000 new ordinary shares ("Fee Shares") with a nominal value
of USD 0.01 per share ("Ordinary Shares") to certain non-executive
Directors of the Company in lieu of cash compensation for the
period H2 2017 - H1 2018 (beginning 1 July 2017 and ending 30 June
2018) as set forth in the table below:
Number of Fee Shares Resulting holding
Director issued of Ordinary Shares
--------------- ---------------------- --------------------
Jan Dekker 2,650,000 5,440,000
--------------- ---------------------- --------------------
Charles
Duro 2,650,000 5,038,064
--------------- ---------------------- --------------------
R. Ian Molson 5,300,000 295,860,083
--------------- ---------------------- --------------------
Stuart Rose 2,650,000 21,695,634
--------------- ---------------------- --------------------
Paul Walsh 2,650,000 9,080,500
--------------- ---------------------- --------------------
The Fee Shares have been issued at a price of 1.685 pence each,
being the average of the closing prices for the five trading days
prior to and including 17 April 2018.
In addition, the Remuneration Committee has decided to remove
restrictions, with immediate effect, related to the attainment of
share price thresholds previously applied with respect to the free
disposition of restricted shares. This removal of restriction
applies to 22,157,680 Ordinary Shares.
Total Voting Rights
Application has been made for the Fee Shares to be admitted to
trading on AIM, which is expected to become effective on or around
27 April 2018. Following the issue of the Fee Shares, the Company's
issued share capital is comprised of 4,858,919,891 Ordinary Shares,
of which 2,916,334 Ordinary Shares are held by the Company as
non-voting treasury stock ("Treasury Shares").
The total number of voting rights in the Company is calculated
as the number of outstanding Ordinary Shares, less the Treasury
Shares, less the Ordinary Shares not able to be voted on due to
restrictions applicable to certain holders as specified in the
Company's Articles of Association, which results in a total voting
rights figure of 3,256,911,918. Shareholders may use this figure of
3,256,911,918 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.
For further information:
+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 and Broker) 3494
James Spinney / Ritchie Balmer
/ James Bellman
Citigate Dewe Rogerson (Financial +44 (0)20 7638
PR) 9571
Simon Rigby / Ellen Wilton
The information contained within this announcement is deemed by
the Company to constitute inside information as stipulated under
the Market Abuse Regulations (EU) No. 596/2014 ("MAR").
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
DSHPGUWACUPRGGW
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