Remote Monitored Systems PLC Exercise of Options (5835N)
February 01 2021 - 7:08AM
UK Regulatory
TIDMRMS
RNS Number : 5835N
Remote Monitored Systems PLC
01 February 2021
1 February 2021
The information contained within this announcement is deemed by
the Company to constitute inside information stipulated under the
Market Abuse Regulation (EU) No. 596/2014. Upon the publication of
this announcement via the Regulatory Information Service, this
inside information is now considered to be in the public
domain.
Remote Monitored Systems plc ("RMS" or the "Company")
Exercise of Options
Remote Monitored Systems plc ("RMS" or the "Company") has been
notified that Paul Ryan, previous Non-Executive Chairman of the
Company, has exercised 18,087,470 options at an exercise price of
1.4p each ("Option Shares"). The consideration received by the
Company will be GBP253,224.58.
Application has been made for the Option Shares to be admitted
to trading on AIM ("Admission"). It is expected that Admission will
become effective and dealings will commence at 8:00a.m. on or
around 5 February 2021.
Following Admission, the Company will have 2,045,643,415
ordinary shares of 0.01p each in issue, none of which are held in
treasury. Therefore, the total number of voting rights in the
Company is 2,045,643,415. A further 6,000,000 warrants and
21,230,328 options remain unexercised.
The above figure of 2,045,643,415 may be used by shareholders in
the Company as the denominator for the calculations by which they
will determine if they are required to notify their interest in, or
a change in their interest in, the share capital of the Company
under the FCA's Disclosure and Transparency Rules.
- ENDS -
ENQUIRIES :
Remote Monitored Systems plc
Antony Legge (Chairman) via IFC Advisory
John Richardson (Executive Director)
SP Angel Corporate Finance LLP +44 20 3470 0470
Nominated Adviser and Joint Broker
Stuart Gledhill
Caroline Rowe
Peterhouse Capital Limited +44 20 7469 0930
Joint Broker
Lucy Williams
IFC Advisory Ltd +44 20 3934 6630
Graham Herring
Zach Cohen
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END
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