Remote Monitored Systems PLC Braveheart Dealings and Exercise of Warrants (5907E)
09 Novembre 2020 - 8:00AM
UK Regulatory
TIDMRMS
RNS Number : 5907E
Remote Monitored Systems PLC
09 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.
9 November 2020
Remote Monitored Systems plc ("RMS" or the "Company")
Braveheart Dealings and Exercise of Warrants
The Company announces that on 6 November 2020, it received
notification from Braveheart Investment Group plc ("Braveheart") to
exercise a total of 10,000,000 warrants over ordinary shares in the
Company at an exercise price of 0.5p per warrant. The consideration
received by the Company was GBP50,000.
The 10,000,000 new Ordinary Shares ("Warrant Shares") arising
from the exercise of these warrants have been issued, and
application has been made for them to be admitted to trading on AIM
("Admission"). It is expected that Admission will become effective
and dealings will commence at 8:00 a.m. on or around 13 November
2020.
The Company has also received notification from Braveheart that
on 5 and 6 November 2020, Braveheart sold a total of 120,000,000
ordinary shares in the Company at a weighted average price of
2.6265 pence per share. Following the sale (as well as the issue of
the 310,354,815 Consideration Shares issued to Braveheart issued in
respect of the acquisition of Pharm2Farm Limited which completed on
5 November 2020), Braveheart holds 389,992,405 RMS shares,
representing 25.45 per cent. of the total voting rights in the
Company. Following the Admission of the Warrant Shares, Braveheart
will hold 399,992,405 RMS shares, representing 25.94 per cent. of
the enlarged issued share capital and total voting rights of the
Company.
Following Admission, the Company will have 1,542,070,231
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 1,542,070,231.
The above figure of 1,542,070,231 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
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END
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