Remote Monitored Systems PLC Result of General Meeting (9870O)
February 12 2021 - 7:12AM
UK Regulatory
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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