Remote Monitored Systems PLC Exercise of Warrants and Funding Update (1780F)
12 Novembre 2020 - 4:28PM
UK Regulatory
TIDMRMS
RNS Number : 1780F
Remote Monitored Systems PLC
12 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.
12 November 2020
Remote Monitored Systems plc ("RMS" or the "Company")
Exercise of Warrants and Funding Update
The Company announces that on 12 November 2020, it received
notification to exercise a total of 21,200,000 warrants over
ordinary shares in the Company at an exercise price of 0.5p per
warrant. The consideration received by the Company was
GBP106,000.
The 21,200,000 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 18 November
2020.
Following Admission, the Company will have 1,573,270,231
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 1,573,270,231.
The above figure of 1,573,270,231 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.
Funding Update
The Company has noted speculation regarding a possible
fundraising by the Company. The Company has as previously announced
both settled its convertible loan note debts and completed the
admission, following exercise, of all outstanding warrants save for
a remainder of 10,000,000 warrants or 0.64% of its issued share
capital following Admission of the Warrant Shares. The Company has
thereby raised additional funds in excess of GBP900,000 via recent
warrant exercises. As such the Directors do not foresee any current
need to raise further funds.
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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November 12, 2020 10:28 ET (15:28 GMT)
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