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Potential Acquisition

17 Jul 2020 07:00

RNS Number : 2796T
Remote Monitored Systems PLC
17 July 2020
 

 

 

Certain information contained in this announcement would have been deemed inside information for the purposes of Article 7 of Regulation (EU) No 596/2014 until the release of this announcement.

17 July 2020

Remote Monitored Systems plc ("Remote Monitored Systems", the "Company" or the "Group")

Potential Acquisition

 

 

The Board of Remote Monitored Systems plc is pleased to announce that it has entered into an exclusivity arrangement and agreed outline non-binding heads of terms in respect of a potential acquisition of a company that operates in the fast growing medtech and biosecurity sectors.

 

The consideration for the proposed acquisition, should it proceed, is expected to be satisfied by the issue of new Ordinary Shares in the Company. The acquisition is subject, inter alia, to the completion of mutual due diligence by both parties and there can be no certainty that a transaction will proceed

 

Further announcements will be made in due course.

 

 

For further information, please contact:

 

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

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
 
END
 
 
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Date   Source Headline
12th Jan 20189:30 amRNSBoard Changes
11th Jan 201812:03 pmRNSExercise of Warrants & Issue of Equity-REPLACEMENT
11th Jan 201811:30 amRNSExercise of Warrants and Issue of Equity
10th Jan 20184:40 pmRNSSecond Price Monitoring Extn
10th Jan 20184:35 pmRNSPrice Monitoring Extension
4th Jan 20181:30 pmRNSIssue of Equity
29th Dec 20171:00 pmRNSResult of Open Offer
20th Dec 20177:00 amRNSAppointment of Executive Director
13th Dec 20177:00 amRNSOpen Offer to raise up to £510,000
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5th Dec 20173:47 pmRNSSignificant Reduction in Debt
5th Dec 20177:00 amRNSStrategy & Financing Update, Appointment of Broker
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21st Nov 20177:00 amRNSCommercial Agreement for UAV Training Centre
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20th Oct 20177:00 amRNSChange of Registered Address
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12th Sep 20177:00 amRNSHalf Yearly Report
8th Sep 20172:05 pmRNSSecond Price Monitoring Extn
8th Sep 20172:00 pmRNSPrice Monitoring Extension
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8th Sep 201711:00 amRNSPrice Monitoring Extension
28th Jul 20171:30 pmRNSResults of General Meeting
29th Jun 20174:10 pmRNSResult of AGM
26th Jun 201711:00 amRNSFinal Results
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3rd Apr 20177:00 amRNSTrading Update
31st Mar 20172:00 pmRNSTotal Voting Rights
8th Mar 20171:30 pmRNSAppointment of UAV Training
6th Mar 20174:00 pmRNSHolding(s) in Company
1st Mar 20174:03 pmRNSExtension of Loan Facility
28th Feb 20171:30 pmRNSTotal Voting Rights
21st Feb 201711:15 amRNSResult of General Meeting
14th Feb 20177:00 amRNSIssue of Equity
10th Feb 20175:00 pmRNSHolding(s) in Company
6th Feb 20173:00 pmRNSHolding(s) in Company
6th Feb 201710:43 amRNSHolding(s) in Company
6th Feb 201710:30 amRNSNotice of General Meeting
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