TIDMRMS

RNS Number : 9870O

Remote Monitored Systems PLC

12 February 2021

12 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")

Result of General Meeting

The Company announces that the results of the general meeting held today at BioCity, Nottingham were as follows:

 
 Resolution      For         Against      Withheld       Total 
     01       47,230,511   761,677,398   4,644,111    813,552,020 
             -----------  ------------  -----------  ------------ 
     02       47,655,497   761,035,899   4,860,624    813,552,020 
             -----------  ------------  -----------  ------------ 
     03       57,331,860   738,005,794   18,214,366   813,552,020 
             -----------  ------------  -----------  ------------ 
     04       57,653,993   737,371,265   18,526,762   813,552,020 
             -----------  ------------  -----------  ------------ 
 

The total votes cast represented 39.6% of the Company's total voting rights.

None of the resolutions were therefore carried.

On 18 December, the Company announced the issue of warrants over 420 million new ordinary shares (the "Warrants"), conditional upon shareholder approval at a general meeting. With resolutions 1 and 2 not having been passed, the Warrants will not be issued.

Resolutions 3 and 4 related to the Company's ability to issue shares. With these resolutions also not having been passed, the Company's existing authorities, which were passed at last year's annual general meeting, remain in existence. Under these authorities, the Company has the power to issue up to 172 million shares. There are no plans at the current time to use these authorities to raise further capital. However, the Company is reviewing the remuneration packages of employees across its subsidiaries, which will include the issue of a small number of options to those staff.

Antony Legge, Chairman of RMS, said: "The Board has taken note of the depth of feeling amongst the Company's shareholders and hopes that with the defeat of these resolutions a line can be drawn under the past. The Board is committed to improving shareholder communication, not least with the recent appointment of a specialist investor relations advisor and a new dedicated email address (rms@investor-focus.co.uk) for shareholders to ask questions."

- ENDS -

ENQUIRIES :

Remote Monitored Systems plc

Antony Legge (Chairman) via IFC Advisory

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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February 12, 2021 08:12 ET (13:12 GMT)