Watch the latest episode of focusIR Fireside Chats: Why Edinburgh Investment Trust Is Backing Turnaround Stocks for 2026 Growth. View here

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksRm Regulatory News (RM.)

Share Price Information for Rm (RM.)

Share Price is delayed by 15 minutes
Get Live Data
90.40    -0.60 (-0.66%)
Bid:
89.20
Ask:
90.00
Spread: 0.80 (0.897%)
Market Cap: £88.11m
RM. Live PriceLast checked at - London Stock Exchange

Intraday Rm Share Chart

Disposal

11 May 2012 07:00

RNS Number : 1097D
RM PLC
11 May 2012
 



 

 

11 May 2012

 

 

RM plc

 

SALE OF ISIS CONCEPTS LTD

 

 

RM plc ("the Group") issued a Trading Update and Strategic Review on 29 September 2011 stating that, after reviewing the Group's UK operations, the Board had decided to dispose of a number of business operations, including ISIS Concepts Limited ("ISIS"). Following an extensive marketing process through third party advisors, the sale of ISIS has now been completed on the terms set out below.

 

The sale of 100% of the issued share capital of ISIS to ISIS Concepts Holdings Ltd completed on 10 May 2012 for a purchase price of £205,000. ISIS Concepts Holdings Ltd is a new company formed by Nick Topliss. Nick Topliss owned ISIS prior to it being purchased by RM in 2009 and has acted as Managing Director of ISIS during the period of RM's ownership. Rob Sirs, former Managing Director of RM plc, is expected to invest in ISIS Concepts Holdings Ltd in the near future.

 

In the financial year to date, ISIS has been loss-making. RM has agreed to provide a short-term working capital loan facility of up to £850,000, secured on freehold property and other assets valued in excess of that figure.

 

This disposal completes the disposal programme announced in the Strategic Review.

 

 

 

 

 

Contacts:

 

RM plc

Martyn Ratcliffe, Executive Chairman 08450 700300

Iain McIntosh, Chief Financial Officer

 

FTI Consulting 020 7831 3113

James Melville-Ross

Sophie McMillan

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
DISLLFVSERIILIF
Date   Source Headline
17th Jul 20248:44 amEQSRM plc: PDMR Shareholding
16th Jul 20247:01 amEQSInterim Results
3rd Jul 20241:46 pmEQSRM plc: Notification of Half Year Results
16th May 202412:14 pmEQSRM plc: Holding(s) in Company
15th May 20243:57 pmEQSRM plc: Holding(s) in Company
14th May 20241:25 pmEQSRM plc: Director/PDMR Performance Share Plan Award
14th May 20241:16 pmEQSRM plc: Director/PDMR Performance Share Plan Award
9th May 202411:36 amEQSRM plc: Result of Annual General Meeting 2024
2nd May 202410:34 amEQSRM plc: Holding(s) in Company
2nd May 20248:00 amRNSRM to deliver digital assessments for the IB
10th Apr 202411:55 amEQSRM plc: PDMR Share Dealing Notification
4th Apr 20241:53 pmEQSRM plc: PDMR Share Dealing Notification
4th Apr 202412:11 pmEQSRM plc: PDMR Share Dealing Notification
3rd Apr 202412:24 pmEQSRM plc: Director/PDMR Performance Share Plan Award
3rd Apr 202412:20 pmEQSRM plc: Director/PDMR Performance Share Plan Award
3rd Apr 202410:46 amEQSRM plc: Notice of 2024 Annual General Meeting
2nd Apr 20243:09 pmEQSRM plc: PDMR Share Dealing Notification
2nd Apr 20241:23 pmEQSRM plc: Holding(s) in Company
28th Mar 20249:36 amEQSRM plc: Publication of 2023 Annual Report and Financial Statements
14th Mar 20247:05 amEQSRM plc: Final Results
12th Mar 202410:05 amEQSRM plc: Notification of Full Year Results
6th Mar 20241:48 pmEQSRM plc: Extension and amendment of Banking facility
20th Feb 202410:03 amEQSRM plc: Holding(s) in Company
4th Jan 20244:32 pmEQSRM plc: Holding(s) in Company
14th Dec 20237:00 amEQSRM plc: Full Year Trading Update
29th Nov 20237:00 amEQSRM plc: Bank covenants waiver agreement
24th Nov 20237:00 amEQSRM plc: Strategy timetable and closure of the Consortium business
9th Nov 20231:34 pmEQSRM plc: Holding(s) in Company
10th Oct 20231:26 pmEQSRM plc: Holding(s) in Company
10th Oct 20237:00 amRNSNon-Executive Board Changes
5th Oct 20237:00 amEQSRM plc: Sale of IPv4 addresses
19th Sep 20238:36 amEQSRM plc: Holding(s) in Company
30th Aug 20237:00 amEQSRM plc: Director/PDMR Performance Share Plan Awards
29th Aug 20237:00 amEQSRM plc: Successful negotiation of bank covenants waiver for August 2023
11th Aug 20234:50 pmEQSRM plc: Holding(s) in Company
10th Aug 20234:46 pmEQSRM plc: Holding(s) in Company
10th Aug 20238:39 amEQSRM plc: Share Dealing Notification
9th Aug 20232:57 pmEQSRM plc: Share Dealing Notification
21st Jul 20234:57 pmEQSRM plc: Holding(s) in Company
7th Jul 20237:00 amEQSRM plc: Non-Executive Board changes
5th Jul 202311:00 amEQSRM plc: Notification of Half Year Results
9th Jun 20237:00 amEQSRM plc: Sale of the RM Integris and RM Finance Business  
6th Jun 20231:26 pmEQSRM plc: Holding(s) in Company
31st May 202310:00 amEQSRM plc: Completion of the sale of the RM Integris and RM Finance Business
25th May 202310:57 amEQSRM plc: Result of Annual General Meeting ('AGM')
24th May 20237:00 amEQSRM plc: Board Appointment
15th May 20232:00 pmEQSRM plc: Director/PDMR Performance Share Plan Awards
25th Apr 20237:00 amEQSRM plc: Notice of 2023 Annual General Meeting
19th Apr 20232:28 pmEQSRM plc: Proposed sale of the RM Integris and RM Finance Business - Result of General Meeting
11th Apr 20237:00 amEQSRM plc: Holding(s) in Company

Due to London Stock Exchange licensing terms, we stipulate that you must be a private investor. We apologise for the inconvenience.

To access our Live RNS you must confirm you are a private investor by using the button below.