1 Jul 2019 07:30
1 July 2019
RM2 International S.A.
("RM2" or the "Company")
Suspension of Trading on AIM and TVR Update
Suspension of trading on AIM
Further to the Company's announcement on 26 June 2019, the Company confirms that it has not been able to publish, and post to shareholders, its audited annual report and accounts for the year ended 31 December 2018 (the "Accounts") by 30 June 2019 as required by Rule 19 of the AIM Rules for Companies (the "AIM Rules").
The Company continues discussions with potential lenders to the Company; securing such funding being a necessary part of finalising and publishing the Accounts. Please refer to the Company's 26 June 2019 announcement for an update on the Company's trading and financial position. The Company continues discussions with the multinational referenced in the announcement.
Dealings in the Company's ordinary shares will therefore be temporarily suspended under AIM Rule 40 from 7.30 a.m. today until such time as the Accounts have been duly published in compliance with AIM Rule 19.
Notwithstanding the temporary suspension of trading in the Company's ordinary shares, the Company will continue to make announcements as and when there are any developments that require announcement under the AIM Rules.
Total Voting Rights
The Company announces that 9,000 unvested restricted Ordinary Shares in the Company granted as part of the Company's share-based incentive scheme have been returned to the Company in accordance with the terms thereof due to the end of employment of a beneficiary. Consequently, the Company now holds a total of 148,500 treasury shares.
The total number of voting rights in the Company is calculated as the number of outstanding Ordinary Shares less Treasury Shares and the Ordinary Shares not able to be voted on due to restrictions applicable to certain holders as specified in the Company's Articles of Association, which results in a total voting rights figure of 25,126,086. Shareholders may use this figure of 25,126,086 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 Conduct Authority's Disclosure and Transparency Rules.
For further information:
RM2 International S.A. | +352 27 44 96 53 |
Kevin Mazula, Chief Executive Officer Jean-Francois Blouvac, Chief Financial Officer | |
Strand Hanson Limited (Nominated & Financial Adviser and Broker) | +44 (0)20 7409 3494 |
James Spinney / Ritchie Balmer / James Bellman
|
The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014 ("MAR").
Notes to Editors
RM2 International S.A. specialises in pallet development, manufacture, supply and management to establish a leading presence in global pallet supply and improve the supply chain of manufacturing and distribution businesses through the effective and efficient use and management of composite pallets. It is quoted on the AIM market of the London Stock Exchange under the symbol RM2.L. For further information, please visit www.rm2.com