TIDMRMS

RNS Number : 4012Q

Remote Monitored Systems PLC

25 February 2021

25 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")

Issue of Options

On 12 February, the company announced that it was reviewing the remuneration packages of staff, which would include the issue of small number of options. Following this review, the Company announces that it has issued 4 million options under the Company's existing share option scheme, to two employees of Pharm 2 Farm Limited, as set out below. The share options have an exercise price of 1.5p with an exercise period from 23 August 2021 to 22 August 2024.

The Company also confirms that the options issued to Alex Vergopoulos, as announced on 18 February, have been priced at 1.85p each, being the closing price on the day of the announcement.

 
 1    Details of the person discharging managerial responsibilities 
       / person closely associated 
     --------------------------------------------------------------------------------- 
 a)   Name                                   1. Graeme Todd 
                                              2. Karen Davies 
     --------------------------------  ----------------------------------------------- 
 2    Reason for the notification 
     --------------------------------------------------------------------------------- 
 a)   Position/status                        1. Sales Director at Pharm2Farm Limited 
                                              2. R&D Director at Pharm2Farm Limited 
     --------------------------------  ----------------------------------------------- 
 b)   Initial notification              Initial Notification 
       /Amendment 
     --------------------------------  ----------------------------------------------- 
 3    Details of the issuer, emission allowance market 
       participant, auction platform, auctioneer or auction 
       monitor 
     --------------------------------------------------------------------------------- 
 a)   Name                              Remote Monitored Systems plc 
     --------------------------------  ----------------------------------------------- 
 b)   LEI                               213800VR2P5DDQHYZO48 
     --------------------------------  ----------------------------------------------- 
 4    Details of the transaction(s): section to be repeated 
       for (i) each type of instrument; (ii) each type 
       of transaction; (iii) each date; and (iv) each 
       place where transactions have been conducted 
     --------------------------------------------------------------------------------- 
 a)   Description                       Ordinary shares of 0.01 pence each 
       of the financial 
       instrument,                       GB00BFX0ZN92 
       type of instrument 
       Identification 
       code 
     --------------------------------  ----------------------------------------------- 
 b)   Nature of the                     Issue of options 
       transactions 
     --------------------------------  ----------------------------------------------- 
 c)   Price(s) and                      Price(s)              Volume(s) 
       volume(s) 
                                         1. 1.5p                2,000,000 
                                         2. 1.5p                2,000,000 
     --------------------------------  --------------------  ------------------------- 
 d)   Aggregated 
       information                        Single transactions as in 4 c) above 
       - Aggregated                       4,000,000 options at 1.5p 
       volume 
       - Price 
       - Principal 
       amount 
     --------------------------------  ----------------------------------------------- 
 e)   Dates of the                      23 February 2021 
       transaction 
 
 f)   Place of transaction              Outside a trading venue 
     --------------------------------  ----------------------------------------------- 
 

- ENDS -

ENQUIRIES :

 
 Remote Monitored Systems plc          via IFC Advisory 
 Antony Legge (Chairman) 
 
                                       +44 20 3470 
 SP Angel Corporate Finance LLP         0470 
 Nominated Adviser and Joint Broker 
 Stuart Gledhill 
 Caroline Rowe 
 
                                       +44 20 7469 
 Peterhouse Capital Limited             0930 
 Joint Broker 
 Lucy Williams 
 
                                       +44 20 3934 
 IFC Advisory Ltd                       6630 
 Graham Herring 
 Zach Cohen 
 

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February 25, 2021 10:16 ET (15:16 GMT)