10 Nov 2020 07:00
The information contained within this announcement is deemed by the Company to constitute inside information stipulated under the Market Abuse Regulation (EU) No. 596/2014. Upon the publication of this announcement via the Regulatory Information Service, this inside information is now considered to be in the public domain.
10 November 2020
Remote Monitored Systems plc ("RMS" or the "Company")
Director Dealing and Total Voting Rights
The Company has been notified that Paul Ryan, Non-Executive Chairman of the Company, has exercised warrants representing 10,000,000 ordinary shares in the Company, at 0.5 pence per warrant ("Warrant Shares"). Paul Ryan has also sold 6,700,000 ordinary shares in the Company.
Following these transactions, Paul Ryan's shareholding in the Company will increase to 70,893,249 shares in the Company, representing 4.57% per cent. of the enlarged issued share capital and total voting rights of the Company.
Application has been made for the Warrant Shares 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 13 November 2020.
Following Admission, the Company will have 1,552,070,231 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 1,552,070,231.
The above figure of 1,552,070,231 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.
ENQUIRIES:
Remote Monitored Systems plc
Trevor Brown (Executive Director) +41 7941 55384
Paul Ryan (Non-Executive Chairman) +32 475 754 148
SP Angel Corporate Finance LLP +44 20 3470 0470
Nominated Adviser and joint broker
Stuart Gledhill
Caroline Rowe
Peterhouse Capital Limited +44 20 7469 0930
Joint broker
Lucy Williams
Duncan Vasey
Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them
1
| Details of the person discharging managerial responsibilities / person closely associated
| ||
a)
| Name
| Paul Ryan
| |
2
| Reason for the notification
| ||
a)
| Position/status
| Non-Executive Chairman
| |
b)
| Initial notification /Amendment
| Initial Notification | |
3
| Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
| ||
a)
| Name
| Remote Monitored Systems plc | |
b)
| LEI
| 213800VR2P5DDQHYZO48 | |
4
| Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
| ||
a)
| Description of the financial instrument, type of instrument Identification code
| Ordinary shares of 0.01 pence each
GB00BFX0ZN92 | |
b)
| Nature of the transactions
| 1. Exercise of warrants 2. Sale of ordinary shares | |
c)
| Price(s) and volume(s)
| Price(s)
1. 0.5p 2. 1.49p
| Volume(s)
10,000,000 6,700,000 |
d)
| Aggregated information - Aggregated volume - Price - Principal amount
|
Single transactions as in 4 c) above | |
e)
| Dates of the transaction
| 9 November 2020 | |
f) | Place of transaction | AIM
| |