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Issue of Options

25 Feb 2021 15:16

RNS Number : 4012Q
Remote Monitored Systems PLC
25 February 2021
 

25 February 2021

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.

 

Remote Monitored Systems plc

("RMS" or the "Company")

Issue of Options

On 12 February, the company announced that it was reviewing the remuneration packages of staff, which would include the issue of small number of options. Following this review, the Company announces that it has issued 4 million options under the Company's existing share option scheme, to two employees of Pharm 2 Farm Limited, as set out below. The share options have an exercise price of 1.5p with an exercise period from 23 August 2021 to 22 August 2024.

The Company also confirms that the options issued to Alex Vergopoulos, as announced on 18 February, have been priced at 1.85p each, being the closing price on the day of the announcement.

 

1

 

Details of the person discharging managerial responsibilities / person closely associated

 

a)

 

Name

 

1. Graeme Todd

2. Karen Davies

2

 

Reason for the notification

 

a)

 

Position/status

 

1. Sales Director at Pharm2Farm Limited

2. R&D Director at Pharm2Farm Limited

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

 

Issue of options

c)

 

Price(s) and volume(s)

 

 

Price(s)

1. 1.5p

2. 1.5p

 

Volume(s)

 2,000,000

 2,000,000

 

d)

 

Aggregated information

- Aggregated volume

- Price

- Principal amount

 

 

Single transactions as in 4 c) above      

4,000,000 options at 1.5p

e)

 

Dates of the transaction

 

23 February 2021

f)

Place of transaction

Outside a trading venue

 

 

 

- ENDS -

 

ENQUIRIES:

Remote Monitored Systems plc

via IFC Advisory

Antony Legge (Chairman)

 

 

 

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

 

 

 

IFC Advisory Ltd

+44 20 3934 6630

Graham Herring

 

Zach Cohen

 

 

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END
 
 
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