TIDMRMS

RNS Number : 4504E

Remote Monitored Systems PLC

06 November 2020

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.

6 November 2020

Remote Monitored Systems plc ("RMS" or the "Company")

Director Dealing, Conversion of CLN and Total Voting Rights

The Company has been notified that Paul Ryan, Non-Executive Chairman of the Company, has elected to convert his entire Convertible Loan Note ("CLN") which was issued on 24 July 2020 into ordinary shares. The CLN was for a principal amount of GBP35,334, has a conversion price of 0.28 pence and a 6% payment in kind coupon. Accordingly, Paul Ryan will be issued with 12,824,042 ordinary shares in the Company ("CLN Shares") in full settlement of the loan and associated interest.

At the same time, Paul Ryan has exercised warrants associated with the CLN representing 12,618,928 ordinary shares in the Company, at 0.28 pence per warrant ("Warrant Shares"). Paul Ryan has also sold 12,821,995 ordinary shares in the Company.

Following these transactions, Paul Ryan's shareholding in the Company will increase to 67,593,249 shares in the Company, representing 4.41% per cent. of the enlarged issued share capital and total voting rights of the Company.

Application has been made for the CLN Shares and Warrant 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 12 November 2020.

Following Admission, the Company will have 1,532,070,231 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 1,532,070,231.

The above figure of 1,532,070,231 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.

ENQUIRIES:

Remote Monitored Systems plc

Trevor Brown (Executive Director) +41 7941 55384

Paul Ryan (Non-Executive Chairman) +32 475 754 148

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

Duncan Vasey

Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them

 
1   Details of the person discharging managerial responsibilities 
     / person closely associated 
a)  Name                                Paul Ryan 
2   Reason for the notification 
a)  Position/status                     Non-Executive Chairman 
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 of the                  Ordinary shares of 0.01 pence each 
     financial instrument, 
     type of instrument                  GB00BFX0ZN92 
     Identification code 
b)  Nature of the transactions          1. Conversion of Convertible Loan 
                                         Note 
                                         2. Exercise of warrants 
                                         3. Sale of ordinary shares 
c)  Price(s) and volume(s)              Price(s)             Volume(s) 
 
                                         1. 0.28p             12,824,042 
                                         2. 0.28p             12,618,928 
                                         3. 3.201p            12,821,995 
d)  Aggregated information 
     - Aggregated volume                  Single transactions as in 4 c) above 
     - Price 
     - Principal amount 
e)  Dates of the transaction            5 November 2020 
 
f)  Place of transaction                AIM

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November 06, 2020 13:40 ET (18:40 GMT)

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