RE: More Warrants....4 Nov 2020 11:26
more cash on the balance sheet
4 November 2020
Remote Monitored Systems plc ("RMS" or the "Company")
Exercise of warrants
The Company has received notification to exercise a further 6,000,000 warrants at an exercise price of 0.5p each. The consideration received by the Company will be ÂŁ30,000.
The 6,000,000 new Ordinary Shares ("Shares") arising from the exercise of these warrants have now 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 8:00a.m. on or around 11 November 2020.
Following Admission, the Company will have 1,502,627,261 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 1,502,627,261.
The above figure of 1,502,627,261 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.