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Latest Share Chat

Director/PDMR Shareholding

17 Jun 2014 08:58

RNS Number : 7934J
RM2 International SA
17 June 2014
 



RM2 International S.A.

 

Director / PDMR Shareholding and

Issue of Equity

 

RM2 International S.A. ("RM2" or the "Company"), the vertically-integrated innovator in pallet development, manufacture, supply and management, confirms that it was notified on 16 June 2014 of dealings in the ordinary shares of $0.01 each in the Company (the "Ordinary Shares") on that date by certain of its non-executive directors.

 

Paul Walsh, a Non-Executive Director of RM2, acquired 100,000 Ordinary Shares at a price of 54 pence per Ordinary Share. Following this transaction, Mr Walsh is interested in a total of 1,539,091 Ordinary Shares, representing approximately 0.48 per cent. of the existing issued share capital of the Company following the issue of shares referred to below.

 

The Swiftsure Trust, a discretionary trust of which the principal beneficiaries are the children of Ian Molson, Chairman of RM2, acquired 500,000 Ordinary Shares at a price of 50.81 pence per Ordinary Share. Following this transaction, Mr Molson is interested in a total of 7,500,000 Ordinary Shares, representing approximately 2.33 per cent. of the existing issued share capital of the Company following the issue of shares referred to below.

 

In addition, the Company confirms that it has issued a total of 2,317,000 Ordinary Shares (the "New Ordinary Shares") to certain employees as part of equity incentive arrangements.

 

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 23 June 2014.

 

Following admission of the New Ordinary Shares, the Company will have 321,777,156 Ordinary Shares outstanding. The figure of 321,777,156 Ordinary 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.

 

1,000,000 of the New Ordinary Shares are subject to the lock-in arrangements detailed in paragraph 6.2 of Part VII of the Admission Document dated 17 December 2013 and the remaining 1,317,000 New Ordinary Shares may not be disposed of in any manner prior to the third anniversary of their issuance date.

 

For further information please contact:

 

RM2 International S.A. 

+44 (0)20 8820 1412

John Walsh, Chief Executive Officer

Ash Mohindra, Chief Financial Officer

Ruari McGirr, Strategic Development and Investor Relations

 

 

 

Cenkos Securities plc

+44 (0)20 7397 8900

Neil McDonald 

Alan Stewart

Beth McKiernan

 

 

 

Citigate Dewe Rogerson

+44 (0)20 7638 9571

Simon Rigby

Kevin Smith

Lindsay Noton

 

 

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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