RE: Lesson learned17 Nov 2020 16:10
Think the options are being converted its the same thing as warrants
10 November 2020
Remote Monitored Systems plc ("RMS" or the "Company")
Grant of Share Options
The Company announces that on 9 November 2020, it granted a total of 77,603,512 options ("Options") over ordinary shares of 0.01 pence each in the Company ("Ordinary Shares") under its existing share incentive scheme. 38,801,756 were granted to Trevor Brown, Executive Director of the Company, and 38,801,756 were granted to Paul Ryan, Non-Executive Chairman of the Company. This grant of Options accounts for approximately 5% per cent. of the Company's total issued share capital..
The Options have an exercise price of 1.40p per share (being the closing mid-market share price on 9 November 2020), vest immediately, and are exercisable for a period of 5 years.