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Director/ PDMR Shareholding Correction

12 Jul 2016 12:15

RNS Number : 9591D
RM2 International SA
12 July 2016
 

RM2 International S.A.

 

Director / PDMR Shareholding (Correction)

 

 

The announcement released by RM2 International S.A. entitled "Director/ PDMR Shareholding" on 8 July 2016 at 15.45 incorrectly stated the shareholdings of Ian Molson to be 1,275,000. The total number of ordinary shares held by Ian Molson is 11,275,000. All other figures remain unchanged. The correct figure is included in the reissued announcement below:

 

Issued: 12 July 2016

 

Press release

 

RM2 International S.A. ("RM2" or the "Company") announces that, on 8 July 2016, it issued 1,275,000 ordinary shares of $0.01 each in the Company (the "New Ordinary Shares") to certain non-executive directors in RM2 in lieu of cash payments of directors fees.

 

Following the issue of the New Ordinary Shares, the revised shareholdings of the relevant directors of the Company are as follows:

 

Name

No. of New Ordinary Shares Issued

Total No. of Ordinary Shares Held

% of Enlarged Issued Share Capital

R. Ian Molson

275,000

11,275,000

2.82%

Jan Dekker

200,000

2,700,000

0.67%

Charles Duro

200,000

537,500

0.13%

Lord Rose

200,000

1,350,000

0.34%

Amaury de Seze

200,000

1,650,000

0.41%

Paul Walsh

200,000

1,939,091

0.48%

 

 

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 14 July 2016.

 

Following admission, the Company will have 400,305,156 Ordinary Shares outstanding, including a further 1,000,000 restricted shares issued under the Company's equity incentive plan today. Subtracting the 342,334 Ordinary Shares held by the Company as non-voting treasury stock, the total number of voting rights in the Company is 399,962,822. The figure of 399,962,822 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 restricted from trading until volume weighted average quoted price of the Ordinary Shares for a consecutive 30-day period equals or exceeds 100p.

 

In addition, the previously announced resolution to award options to Jeff Blouvac, the Company's CFO was implemented on July 1, 2016, resulting in the award of options with an exercise price of 23p, being the closing mid-market share price on 30 June 2016, and a duration of 10 years. The options will cliff vest on the third year anniversary date of their grant, but cannot be exercised until the stock closes above a thirty-day average closing price of 100p.

 

For further information, please contact:

 

RM2 International S.A.

+44 (0)20 8820 1412

John Walsh, Chief Executive Officer

Jean-Francois Blouvac, Chief Financial Officer

RBC Capital Markets

+44 (0)20 7397 8900

Tristan Lovegrove

Pierre Schreuder

Ema Jakasovic

 

Citigate Dewe Rogerson

+44 (0)20 7638 9571

Rob Newman

Ellen Wilton

 

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 

 

 

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