Remote Monitored Systems PLC Issue of Options (4012Q)
February 25 2021 - 09:16AM
UK Regulatory
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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END
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