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Issue of Equity

4 Apr 2014 13:18

RNS Number : 1080E
RM2 International SA
04 April 2014
 



RM2 International S.A.

 

Issue of Equity

 

RM2 International S.A. ("RM2" or the "Company") announces that, on 3 April 2014, it issued a total of 900,000 ordinary shares of $0.01 each in the Company (the "New Ordinary Shares") to certain employees as part of equity incentive arrangements.

 

Application has been made to the London Stock Exchange for the New Ordinary Shares, which will rank pari passu with the Company's existing Ordinary Shares, to be admitted to trading on AIM, and admission is expected to become effective on 10 April 2014.

 

Following admission, the Company will have 319,460,156 Ordinary Shares outstanding. The figure of 319,460,156 common shares may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or change their interest in, the Company under the Financial Services Authority's Disclosure and Transparency Rules.

 

The New Ordinary Shares are subject to the lock-in arrangements detailed in paragraph 12 (l) of Part VII of the Admission Document dated 17 December 2013. In addition, pursuant to the terms of the equity incentive arrangements, any recipient of the New Ordinary Shares shall not dispose of any of the New Ordinary Shares in any manner prior to the third anniversary of their issuance date.

 

For further information please contact:

 

RM2 International S.A. 

+44 (0)20 8820 1412

John Walsh, Chief Executive Officer

Ash Mohindra, Chief Financial Officer

Ruari McGirr, Strategic Development and Investor Relations

 

 

 

Cenkos Securities plc

+44 (0)20 7397 8900

Neil McDonald 

Alan Stewart

Beth McKiernan

 

 

 

Citigate Dewe Rogerson

+44 (0)20 7638 9571

Simon Rigby

Kevin Smith

Lindsay Noton

 

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
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