Remote Monitored Systems PLC Pharm 2 Farm Update and Issue of Equity (3525F)
16 Novembre 2020 - 8:30AM
UK Regulatory
TIDMRMS
RNS Number : 3525F
Remote Monitored Systems PLC
16 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.
16 November 2020
Remote Monitored Systems plc ("RMS" or the "Company")
Pharm 2 Farm Update and Issue of Equity
Remote Monitored Systems plc, the AIM quoted company, announces
that it has retained the services of a consultant for business
development and sales and marketing in relation to its wholly owned
subsidiary Pharm 2 Farm Limited ("P2F"). The consultant who has
been working with P2F for some time has elected to receive new
ordinary shares in the Company in lieu of fees rather than the cash
amount otherwise due. As a result of this, 10,000,000 new ordinary
shares of 0.01 pence each, (the "Adviser Shares") will be issued to
the consultant and application will be made for them to be admitted
to trading on AIM ("Admission"). The Adviser Shares are subject to
a lock-in until 1st August 2021. It is expected that Admission will
become effective and dealings will commence at 8:00 a.m. on or
around 20 November 2020.
Total Voting Rights
Following Admission of the Adviser Shares, the total issued
share capital of the Company will consist of 1,583,270,231 ordinary
shares. No shares were held in treasury at the date of this
announcement. The total current voting rights in the Company is
therefore 1,583,270,231.
The above figure of 1,583,270,231 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.
ENDS
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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