RE: Remote Monitored Systems receives funds as Braveheart Investment Group exercises warrants18 Nov 2020 11:29
We have these washing through today and I expect Trevor is offloading the final lot of brh shares once they are done the brakes come off
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 £106,000.
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.